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    Statistics for Business and Economics Study Set 1
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    Exam 17: Index Numbers
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    An Automobile Dealership Sells 3 Different Types of Automobiles
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An Automobile Dealership Sells 3 Different Types of Automobiles

Question 1

Question 1

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An automobile dealership sells 3 different types of automobiles.Unit prices and the number of units sold in 2005,as well as prices for 2010,are shown below.
An automobile dealership sells 3 different types of automobiles.Unit prices and the number of units sold in 2005,as well as prices for 2010,are shown below.     Compute a weighted aggregate price index (Laspeyres index)for 2010 with 2005 as the base period.Explain your results.
Compute a weighted aggregate price index (Laspeyres index)for 2010 with 2005 as the base period.Explain your results.

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