Betts electronics purchases three replacement parts for the, Ask an Expert

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Betts Electronics purchases three replacement parts for the robotic machines employed in their manufacturing process. Information on the price of replacement parts and quantity purchased is given below.

Part	Price 2000 2004		Quantity 2000 2004
RC-33	$0.50	$0.60	320	340
SM-14	$1.20	$0.90	110	130
WC50	$0.85	$1.00	230	250

Evaluate a simple aggregate price index for 2004. Employ 2000 as the base period.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M923338

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