Question
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products.
| Mean Shipping Cost per Unit ($) | |||
| Products | Base-Period Quantities (Year 1) | Year 1 | Year 5 |
| A | 2000 | 10.50 | 15.90 |
| B | 5000 | 16.26 | 32.00 |
| C | 7000 | 12.20 | 17.40 |
| D | 2500 | 20.00 | 35.50 |
Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 3,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.)
I5 = __________
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Data Modeling and Database Design
Authors: Narayan S. Umanath, Richard W. Scammel
2nd edition
1285085256, 978-1285085258
