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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
- The summary bellowcorresponds to the Price and Consumption of some beverages in a restaurant in Los Angeles in 2015 and 2016.
- Calculate the simple aggregate price index to measure the beverages price increases considering 2015 as the base category.
- 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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Applied Statistics In Business And Economics
Authors: David Doane, Lori Seward
4th Edition
73521485, 978-0073521480
