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Statement of a problem № m255

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Below are the prices of toothpaste (9 oz.), shampoo (7 oz.), cough tablets (package of 100), and antiperspirant (2 oz.) for August 2000 and August 2013. Also included are the quantity purchased. Use August 2000 as the base.  a. Determine the simple price indexes. b. Determine the simple aggregate price index price index. for the two years. c. Determine Laspeyres price index. d. Determine the Paasche e. Determine Fisher’s idealindex.

Solution:
Below are the prices of toothpaste (9 oz.), shampoo (7 oz.), cough tablets (pack

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