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4. The cost of making a standard pot of soup for 2008 and 2009 are given below: Price(N) Quantity('00) Item Unit 2008 2009 2008 2009
4. The cost of making a standard pot of soup for 2008 and 2009 are given below: Price(N) Quantity('00) Item Unit 2008 2009 2008 2009 Meat Kg 20 30 Fish Kg 10 15 N W W Vegetable Wrap 3 Salt Cup UI 8 Oil Bottle 8 10 W W N Others Kg 6 Calculate the following indices; (a) Laspeyer's Price index (b) Paasche's Price index (c) Marshal Edgeworth Price index (d) Fisher's Price index 5. A record from Nigerian Labour Congress shows the demand pattern for young graduates recruited over the years as follows: Public University 40 percent, State University 25 percent Private University 20 percent, Foreign University 5 percent and Research Institutes 10 percent. A consulting firm, in an attempt to determine whether the demand pattern for young graduates has changed collected the data below about 200 newly recruited young graduates. Carry an appropriate test of hypothesis to decide on whether the demand pattern for young graduates has changed, stating clearly your hypotheses and decision. Use 5 percent level of significance. Type of Institution Number of Graduates Public University 80 State University 45 Private University 30 Foreign University 25 Research Institutes 20 Total 200
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