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## Statistics

Evaluate a simple price index for each of four items. Employ 2000 as the base period.

 Item 2000 Price  Quantity 2004 Price  Quantity Margarine (pound) \$0.81 18 \$0.89 27 Shortening (pound) \$0.84 5 \$0.94 9 Milk (1/2 gallon) \$1.44 70 \$1.43 65 Potato Chips \$2.91 27 \$3.07 33

Statistics and Probability, Statistics

• Category:- Statistics and Probability
• Reference No.:- M923340

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