conglomerate has collected this sales information

Posted on 2014-04-25 11:00:00 in Statistics by REECE

As a part of the evaluation of a possible acquit ion, a New York City conglomerate has collected this sales information.

                                              Average Annual                                            Total Dollar value

                                                      Price                                                              (thousands)

Product	1993	1995	1993
Calculators  Radios          Portable TV	$ 27   30  157	$ 20   42  145	$ 150    900  1,370

1. 
   Calculate the unweighted average of relative price index using 1993 as the base period.


2. 
   Calculate the weighted average of relatives price index using the dollar value for each product in 1993 as the appropriate set of weights and 1995 as the base year

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