Find the Quantity Index Number using the Simple Aggregate Method in the following example. - Mathematics and Statistics | Shaalaa.com
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SOLVED:a. Determine the simple price indexes. b. Determine the simple aggregate price index for the two years. c. Determine the Laspeyres price index. d. Determine the Paasche price index. e. Determine Fisher’s ideal index. Fruit prices and the amounts consumed for 2010 and 2018 are shown. Use 2010 as the base. 2018 Fruit Price Quantity Price Quantity Bananas (pound) 0.23 100 0.69 120 Grapefruit (each) 0.29 50 1.00 55
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