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The median sales prices for new single family houses for the years 1998-2001 are as follows Year Price($1000s) 1998 152.5 1999 161.0 2000 169.0 2001
The median sales prices for new single family houses for the years 1998-2001 are as follows
Year Price($1000s)
1998 152.5
1999 161.0
2000 169.0
2001 175.2
A. Use 1998 as the base year and develope a price index for new single-family homes over this four-year period.
B. Use 1999 as the base year and develope a price index for new single-family homes over this four-year period.
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