Question 1:
Base | Year 1 | Year 5 | ||
3500 | 10.5 | 15.9 | 36750 | 55650 |
3000 | 16.25 | 31 | 48750 | 93000 |
7500 | 12.2 | 18.4 | 91500 | 138000 |
3000 | 20 | 35.5 | 60000 | 106500 |
Sum | 237000 | 393150 | ||
Index | 166 |
Question 2:
Quantity | Base | Year 1 | Year 5 | ||
100 | 33.5 | 24.75 | 22.5 | 73.8806 | 67.16418 |
150 | 65 | 49 | 45.5 | 113.0769 | 105 |
75 | 40 | 32 | 29.5 | 60 | 55.3125 |
50 | 16 | 6.5 | 3.75 | 20.3125 | 11.71875 |
Sum | 267.27 | 239.1954 | |||
January | March | ||||
73.9 | 67.2 | ||||
75.4 | 70.0 | ||||
80.0 | 73.8 | ||||
40.6 | 23.4 | ||||
IJan | 71.3 | ||||
IMarch | 63.8 |
A certain manufacturing company has the following data on quantities shipped and unit costs for each...
Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Price per Share ($) Year 1 Stock Industry Quantity Year 1 January March Base Year 3 Year 3 A Oil 100 33.50 20.75 22.50 B Computer 150 65.00 49.00 49.50 с...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 2,500 10.50 15.90 5,000 16.25 32.00 7,000 12.20 16.40 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 8,000, and 3,000 for products A, B, C, and D, respectively. I5 =
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Products Base-Period Quantities (Year 1) Mean Shipping Cost per Unit ($) Year 1 Year 5 A 2,000 10.50 15.90 B 5,000 16.25 32.00 C 6,000 12.20 18.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,000, 3,000, 7,000, and 3,000 for products A, B, C, and...
Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock Industry Year 1 Quantity Price per Share ($) Year 1 Base January Year 3 March Year 3 A Oil 100 33.50 20.75 22.50 B Computer 150 65.00 49.00 45.50 C...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 2,500 10.50 15.90 5,000 16.25 31.00 6,000 12.20 16.40 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 3,500, 3,000, 8,000, and 3,000 for products A, B, C, land D, respectively. (Round your...
Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Price per Share ($) Stock Industry Year 1 Quantity Year 1 Base January Year 3 March Year 3 A Oil 100 31.50 24.75 22.50 B Computer 150 65.00 49.00 47.50 с...
The following table shows the prices and quantities consumed by a family of four for selected food commodities for 2000 and 2016. Use year 2000 as the base period 2000 2016 Commodity Price Quantity Price Quantity Ground beef (lb) $1.39 80 Milk (gallon) 1.69 100 2.75 120 Cookies (dozen) 1.29 95 Steak (pound) 4.99 50 $2.09 110 2.59 100 9.49 40 a) determine the simple index for steak for 2016 b) compute the simple average of the price relatives, use...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) 2009 2011 Item A B 1,500 1,800 2009 2011 8.50 7.55 630.00 1,500.00 2 (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative А B (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. 12011...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) Item 2009 2011 20092011 A 1,500 1,600 8.507.25 4 2 650.00 1,500.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period Item Price Relative (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period 2011 (c) Compute a weighted...
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Unit Price ($) Quantity Item 2009 2011 2009 2011 A 1,400 1,500 8.50 7.55 4 2 650.00 1,400.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period Price Relative Item A unweighted aggregate price index for the two items in 2011 using 2009 as the base period. (b) Compute an I2011 (c)...