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In: Statistics and Probability

Fruit prices and the amounts consumed for 2000 and 2014 are below. Use 2000 as the...

Fruit prices and the amounts consumed for 2000 and 2014 are below. Use 2000 as the base.
   2000 2014
  Fruit Price Quantity Price Quantity
  Bananas (pound) $ 0.23 100 $ 0.31 114
  Grapefruit (each) 0.27 50 0.34 58
  Apples (pound) 0.35 85 0.36 85
  Strawberries (basket) 1.04 8 1.41 12
  Oranges (bag) 0.88 6 1.01 7
a. Determine the simple price indexes. (Round your answers to 2 decimal places.)
  Item Simple index
  Bananas      
  Grapefruit      
  Apples      
  Strawberries      
  Oranges      
b. Determine the simple aggregate price indexes for the two years. (Round your answer to 2 decimal places.)
  Simple aggregate price index   
c. Determine Laspeyres' price index. (Round your answer to 2 decimal places.)
  Laspeyres' price index   
d. Determine the Paasche price index. (Round your answer to 2 decimal places.)
  Paasche price index   
e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)
  Fisher's ideal index   

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