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good day, please can you assist with question below - A random sample Of 100 households has been selected in order to establish a price
good day, please can you assist with question below -
A random sample Of 100 households has been selected in order to establish a price index for housing utilities. The following average annual figures have been obtained: Prices RandJunits 2017 2018 Electric Quantities 2017 2018 201g 6 2019 Water Tel ne 4 2.5 54 55 a) Construct the weighted composite index, and calculate the Laspeyres price index for 2019, using 2017=100. What is the percentage increase in 2019 over those in 2017? (5 MARKS) b) Calculate the Paasche price index for 2019, percentage increase in 2019 over those in 2017? c) Calculate the Laspeyres price index for 2018, percentage increase in 2018 over those in 2017? d) Calculate the Paasche price index for 2018, percentage increase in 2018 over those in 2017? using 2017=100. What is the 15 MARKS) using 2017=100. What is the 15 MARKS) using 2017=100. What is the 15 MARKS)
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