For Exercises 45 through 50, use the following price information for selected items for 2015 and 2022.

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For Exercises 45 through 50, use the following price information for selected items for 2015 and 2022. Production figures for those two periods are also given.

Compute the Laspeyres price index for 2022 using 2015 as the base period.

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Statistical Techniques In Business And Economics

ISBN: 9781265779696

19th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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Question Posted: May 29, 2023 06:56 AM

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For Exercises 45 through 50, use the following price information for selected items for 2015 and 2022.

Question:

Item Aluminum (cents per pound) Natural gas $ per million BLA Petroleum (barrel) Platinum (troy ounce) 2015 $ 0.82 4.37 71.21 1,743.60 Price 2022 $0.86 2.99 58.15 1,292.53 Quantity 2015 1,000 5,000 60,000 500 2022 1,200 4,000 60,000 600

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Statistical Techniques In Business And Economics

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