A software company offers several pricing options for its software as a service (SaaS) product. SaaS is

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A software company offers several pricing options for its software as a service (SaaS) product. SaaS is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. The pricing options include limited, medium, and unlimited access for users. The accompanying table shows the pricing options for 2018, 2019, and 2020.

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a. Construct and interpret the simple price index for each usage type, using 2018 as the base year.

b. Construct and interpret the unweighted aggregate price for usage, using 2018 as the base year.

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