Below are the commodity data. Determine (a) Laspeyer's price index and Laspeyer's quantity index. (b) Paasche's price index and Paasche's quantity index. (c) Fisher's ideal index (both Price and Quantity) January 2020 Price (S) 5.49 January 2020 Quantity January 2021 Price (S) January 2021 Quantity Commodity Toothpaste Shampoo Cough tablets Antiperspirant 2 4.45 3 4.29 3 6.29 3.79 4 5.67 4 4.29 4.89 6

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3BGP
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Data: 

20
16
27
12
19
9
15
3
11
14
20
7
30
4
23
19
7
25
28
7
26
23
21
11
6
4
26
25
29
22
2
29
7
25
6
19
23
20
13
15
27
1
8
23
23
28
11
6
17
10

Name: Zeeshan Fayyaz
Registration No: MS120192035

Below are the commodity data. Determine
(a) Laspeyer's price index and Laspeyer's quantity index.
(b) Paasche's price index and Paasche's quantity index.
(c) Fisher's ideal index (both Price and Quantity)
January 2020
Price (S)
Q2.
January 2020
Quantity
January 2021
Price (S)
4.45
January 2021
Quantity
Commodity
Toothpaste
Shampoo
Cough tablets
Antiperspirant
5.49
2
3
4.29
3
6.29
3.79
4
5.67
4
4.29
4.89
Transcribed Image Text:Below are the commodity data. Determine (a) Laspeyer's price index and Laspeyer's quantity index. (b) Paasche's price index and Paasche's quantity index. (c) Fisher's ideal index (both Price and Quantity) January 2020 Price (S) Q2. January 2020 Quantity January 2021 Price (S) 4.45 January 2021 Quantity Commodity Toothpaste Shampoo Cough tablets Antiperspirant 5.49 2 3 4.29 3 6.29 3.79 4 5.67 4 4.29 4.89
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