DEPARTMENT OF ENTREPRENEURSHIP AND BUSINESS SCIENCES Class Assignment: DENTR 209 Quantitative Methods for Business Managers Answer all the questions Date of Submission: Tuesday, 16 March, 2027 Question 1 The prices Herdavero Company Limited paid for newspaper and radio advertisements in 2015 and 2020 were as shown below. Using 2015 as the base year, compute for 2020: i. Simple price index for newspaper and radio advertisement ii. In each case in interpret your answer ili. Calculate the average price relatives index for newspaper and radio advertisements, using 2008 as the base year. 2015 GHC 3.794 2.469 2020 GHC 6,412 3,904 Newspaper Radio