Dear Expert
Please assist me with the following questions of Business
Statistics. PLEASE ROUND OFF ALL ANSWERS TO 4 DECIMAL PLACES.
Dear Expert Please Assist Me With The Following Questions Of Business Statistics Please Round Off All Answers To 4 Deci 1 (46.19 KiB) Viewed 91 times
QUESTION 3 [10] Consider the basic food items consumed by a rural household: S Food item Consumption June 2021 25 5 July 2021 26 6 Price (NS) June 2021 10.30 45.00 July 2021 10.70 59.40 Bread(loaves) Cooking oil litres) Rice(kg) Meat(kg) 10 15 8 16 34.50 88.90 36.20 92.20 a) Which food item has had the lowest relative quantity of consumption increase between the months of June and July? (3) b) Which food item has had the lowest relative price increase between the months June and July 2021? (3) c) Calculate and interpret a Paasche quantity index for July 2021. (4)
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