For exercises 5-8:

a. Determine the simple price indexes. d. Determine the Paasche

b. Determine the simple aggregate price index for price index. the two years. e. Determine Fisher's ideal index.

c. Determine Laspeyres' price index.

5. Below are the prices of toothpaste (9 oz), shampoo (7 oz), cough tablets (package of 100), and antiperspirant (2 oz) for August 2000 and August 2009. Also included are the quantity purchased. Use August 2000 as the base. df August 2000 August 2009 Item Price Quantity Price Quantity Toothpaste $2.49 $3.35 Shampoo 3.29 4.49 Cough tablets 1.59 4.19 Antiperspirant 1.79 2.49 6. Fruit prices and the amounts consumed for 2000 and 2009 are below. Use 2000 as the base. df 2000 2009 Fruit Price Quantity Price Quantity Bananas (pound) $0.23 100 $0.69 120 Grapefruit (each) 0.29 50 1.00 55 Apples (pound) 0.35 85 1.89 85 Strawberries (basket) 1.02 8 3.79 10 Oranges (bag) 0.89 2.99 8 7. The prices and the numbers of various items produced by a small machine and stamp- ing plant are reported below. Use 2000 as the base. af 2000 2009 Item Price Quantity Price Quantity Washer $0.07 17,000 $0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 8. Following are the quantities and prices for the years 2000 and 2009 for Kinzua Valley Geriatrics. Use 2000 as the base period. Kaf 2000 2009 Item Price Quantity Price Quantity Syringes (dozen) $ 6.10 1,500 $ 6.83 2,000 Thermometers 8.10 10 9.35 12 Advil (bottle) 4.00 250 4.62 250 Patient record forms (box) 6.00 1,000 6.85 900 Computer paper (box) 12.00 13.65