Following are the quantities and prices for the years 2010 and 2018 for Kinzua Valley Geriatrics. Use
Question:
Following are the quantities and prices for the years 2010 and 2018 for Kinzua Valley Geriatrics. Use 2010 as the base period.
a. Determine the simple price indexes.
b. Determine the simple aggregate price index for the two years.
c. Determine the Laspeyres price index.
d. Determine the Paasche price index.
e. Determine Fisher’s ideal index.
Transcribed Image Text:
2010 2018 Item Price Quantity Price Quantity Syringes (dozen) $6.10 1,500 $ 6.83 2,000 Thermometers 8.10 10 9.35 12 Advil (bottle) Patient record forms (box) 4.00 250 4.62 250 6.00 1,000 6.85 900 Copier paper (box) 12.00 30 13.65 40
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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