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The average prices of four commodities are given in the following table:

The number of units used annually by a certain company is approximately 400, 200, 600 and 100 for the commodities A, B, C and D respectively. Calculate a weighted price index for Years 1 and 2 using Year 0 as the base year.

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  • Category:- Statistics and Probability
  • Reference No.:- M91788861

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