Stats Solutions

(Step-by-Step) Determine the following for the chart below: Following are the quantities and prices for the years 2000 and 2003 for the Kinzua Valey Geriatrics.

Question: Determine the following for the chart below:

Following are the quantities and prices for the years 2000 and 2003 for the Kinzua Valey Geriatrics. Use 2000 as the base

  1. The simple price index
  2. Simple aggregate price indexes for two years
  3. Laspeyres’ price index
  4. Paasche price index
  5. Fisher’s ideal index
2000 2003
Price Quantity Price Quantity
Syringes $6.10 1,500 $6.50 2,000
Thermometers 8.10 10 8.90 12
Advil 4.00 250 4.40 250
Patient Record Forms 6.00 1,000 6.50 900
Computer Paper 12.00 30 13.00 40

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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