Question
The data given below indicate the prices and production of some horticultural products in the Central Territory: Produce Production (1000 boxes) Price per box (SHS)
The data given below indicate the prices and production of some horticultural products in the Central Territory:
Produce
Production
(1000 boxes)
Price per box (SHS)
1980
1990
1980
1990
Cabbages
48,600
62,000
100
150
Tomatoes
22,000
37,440
220
310
Onions
47,040
61,430
180
200
Spinach
43,110
55,720
130
170
Required:
Calculate the increase or decrease in prices from 1980 on the basis of the following indices:
Mean relatives
Laspeyres index
Paasche index
Marshall – Hedgeworth index
Fishers index.
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1980 AP oor 23000 220 47000 180 4 9310 190 1990 b P 2...
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Mathematical Statistics With Applications In R
Authors: Chris P. Tsokos, K.M. Ramachandran
2nd Edition
124171133, 978-0124171138
