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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​

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