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The information provided on the Groceries worksheet in the data pack reports the quantities and prices (measured in dollars) for a selection of items sold

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The information provided on the Groceries worksheet in the data pack reports the quantities and prices (measured in dollars) for a selection of items sold by a grocery store on the same day of the year in 2012 (the base period) and 2022. a. Construct and interpret a Laspeyres price index. b. Construct and interpret a Paasche price index. c. Construct and interpret a Fisher's Ideal price index. Price 1.49 7.99 1.99 3.99 4.49 2.49 11.99 4.99 2012 Quantity 65 25 36 18 20 15 9 24 16 5 4 2022 Quantity 60 30 42 30 29 8 12 18 3.99 10 9 4 Item Tomatoes Ice Cream Green Peppers Juice Smoothie Sliced Bacon Sausage Rolls Chicken Nuggets Pork Tenderloin Hot Cross Buns Chocolate Chip Cookies Pumpkin Pie Whole Roasted Chicken Cheese Slices Tea Maple Syrup Pepsi Doritos Special K Cereal Miracle Whip Cottage Cheese Laundry Detergent Garbage Bags Toothpaste Eggs 15 7.49 5.99 8.49 3.99 2.50 9.99 ou Price 1.77 8.49 1.54 6.99 8.49 2.49 13.99 6.93 3.99 5.99 8.49 15.40 6.99 3.25 11.99 2.99 4.79 5.99 4.49 6.69 11.99 7.49 2.29 5.49 22 18 17 5 2.49 0. 10 20 8 13 22 8 9 21 15 2.99 3.99 3.99 7 4.99 17 18 17 16 15 7.99 7 4.99 23 1.99 38 26 3.99 34 34

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