Mathematics, 10.06.2021 14:00, Weirddobby3964

The following data gives the quantities and prices for items purchased by a certain family for two consecutive years. Home    Quantity(kgs) Price(Sh) Year 1 Year 2    Year1     Year 2    A 1225 1407 1155 1372 B 224 322 952 1117 C 336 301 2070 1867 D 455 462 1642 1552
Using Year1 as the base year, calculate:
(Do not include commas in the large values answers)

a) The Laspeyres price index for Year 2

  ΣΣPt * Q0 =

Answer for part 1

ΣΣP0 * Q0 =

Answer for part 2

PL = (ΣPt∗Q0ΣP0∗Q0ΣPt∗Q0ΣP0∗Q0)100

(2 decimal places)

Answer for part 3

b) The Paasche price index for Year 2

ΣΣPt  Qt =

Answer for part 4

ΣΣP0 * Qt =

Answer for part 5

Pp = (ΣPt∗QtΣP0∗QtΣPt∗QtΣP0∗Qt)*100

(2 decimal places)

Answer for part 6

c) The Fisher's Ideal price Index for Year 2

FI = PL∗PP−−−−−−√PL∗PP

Answer for part 7

Answers: 3

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The following data gives the quantities and prices for items purchased by a certain family for two c...