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The summary bellow corresponds to the Price and Consumption of some beverages in a restaurant in Los Angeles in 2015 and 2016. Calculate the simple

  1. The summary bellowcorresponds to the Price and Consumption of some beverages in a restaurant in Los Angeles in 2015 and 2016.

  1. Calculate the simple aggregate price index to measure the beverages price increases considering 2015 as the base category.
  2. Calculate the average of relative price index to measure the beverages price increases considering 2015 as the base category.

Beverage

(Bottle)

Price $
2015 2016
Water 3.00 3.50
Fruit Juice 4.50 5.50
Beer 8.50 9.50
Wine 22.00 25.00

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