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Hello! I'm having some trouble with this practice question. Any help is greatly appreciated. A certain beverage oompanv provides a complete line of beer, wine.
Hello! I'm having some trouble with this practice question. Any help is greatly appreciated.
A certain beverage oompanv provides a complete line of beer, wine. and salt drink products fordistr'ibution through retail outlets in central Iowa. Unit price data for 2011 arid 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period. Beer 35.00%:' 13.50 20.15 Wine 5,000 100.00 119.00 Sol'l: drink ?0,000 8.00 8.5-0 Compute the price relatives for this companv's products. (Round your answers to two decimal places} Use a weighted avelage of price relatives to show that this method provides the same index as the weighted aggregate method. (Round 1,i'our answers to the nearest integer.) weighted average ofprice relatives index :I weighted aggregate prioe index :|Step by Step Solution
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