Compute the simple price index

Assignment Help Basic Statistics

Reference no: EM131798424

Consider the following price data from 1994 to 2002.

Price 62 60 64 67 66 70 74 72 70

a. Compute the simple price index using 1994 as the base year.

b. Determine the percentage change in prices from 1994 to 1998.

Reference no: EM131798424

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