Exercise 

16.2

Worked­Out Answer to Self­Check Exercise
SC 16-1
1993 1994 1995
Q0 Q1 Q2
Howell 48,500 55,100 63,800
Ford 41,900 46,200 60,150
Price 38,750 43,500 46,700
Williams 36,300 45,400 39,900
Johnson 33,850 38,300 50,200
199,300 228,500 260,750
19,930,000 22,850,000 26,075,000
99,300 199,300 199,300

m
er as
100.0 114.7 130.8
Index 

co
eH w
o.
rs e
ou urc
Exercise 16.3
o

Worked­Out Answers to Self­Check Exercises
aC s

SC 16-2
v i y re

1992 1992 1993 1994 1995

Type of Grape Q0 P0 P1 P2 P3
Ruby Cabernet 1,280 108 109 113 111
ed d

Barbera   830  93  96  96 101

ar stu

Chenin Blanc 1,640  97  99 106 107

1992 1993 1994 1995
P0Q0 P1Q0 P2Q0 P3Q0
sh is

138,240 139,520 144,640 142,080

Th

 77,190  79,680  79,680  83,830

159,080 162,360 173,840 175,480
374,510 381,560 398,160 401,390

37, 451,000 38,156,000 39,816,000

Laspeyres Index :     
374,510   374,510 374,510
40,139,000
374,510

     100.0       101.9     106.3     
107.2

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 SC 16-3
1995 1992 1993 1994 1995
Type of Grape Q3 P0 P1 P2 P3
Ruby Cabernet 1,360 108 109 113 111
Barbera   890  93  96  96 101
Chenin Blanc 1,660  97  99 106 107
1992 1993 1994 1995
P0Q3 P1Q3 P2Q3 P3Q3
146,880 148,240 153,680 150,960
 82,770  85,440  85,440  89,890
161,020 164,340 175,960 177,620
390,670 398,020 415,080 418,470

m
er as
å Pi Q3 39,067, 000 39,802,000 41,508,000
´100

co
Fixed-Weight Index  : å P0 Q3   
390,670    390,670 390,670

eH w
41,847, 000

o.
390,670 rs e
ou urc
100.0 101.9 106.2 107.1

SC 16-4
o

1992 1993 1994 1995 1992 1993 1994 1995

aC s

Type of Grape P1 P0 P2 P3 Q1 Q0 Q2 Q3
v i y re

Ruby Cabernet 108 109 113 111 1,280 1,150 1,330 1,360
Barbera  93  96  96 101   830   860   850   890
Chenin Blanc  97  99 106 107 1,640 1,760 1,630 1,660
ed d
ar stu

1992 1994 1995

P1Q1 P0Q1 P2Q2 P0Q2 P3Q3 P0Q3
138,240 139,520 150,290 144,970 150,960 148,240
sh is

 77,190  79,680  81,600  81,600  89,890  85,440

Th

159,080 162,360 172,780 161,370 177,620 164,340

374,510 381,560 404,670 387,940 418,470 398,020

37, 451,000 40, 467,000 41,847, 000

381,560 387,940 398,020
Paasche Index    
98.2  
104.3 105.1
  
          

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 Exercise 16.4
Worked­Out Answer to Self­Check Exercise
SC 16-5

1993 1995 P1
 (P0Q0)
Product P0 P1 P0 P0Q0
Calculators $27 $20 0.7407  150  111.11

m
Radios  30  42 1.4000  900 1,260.00

er as
TVs 157 145 0.9236 1,370 1,265.33

co
3.0643 2,420 2,636.44

eH w
o.
rs e
ou urc
o
aC s
v i y re

(a) Index 
ed d
ar stu
sh is
Th

(b) Index

Exercise 16.5

Worked­Out Answer to Self­Check Exercise
SC 16-6
1992 1993 1994 1995 1992 1993 1994 1995
Salesperson V0 V1 V2 V3 V0/V0 V1/V0 V2/V0 V3/V0

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 Thompson 490 560 530 590 1.000 1.143 1.082 1.204
Alfred 630 590 540 680 1.000 0.937 0.857 1.079
Jackson 760 790 810 840 1.000 1.039 1.066 1.105
Blockard 230 250 240 360 1.000 1.087 1.043 1.565
4.000 4.206 4.048 4.953

Chapter 16
1. F 16. T 31. c

m
2. T 17. F 32. e

er as
3. T 18. F 33. d

co
4. F 19. T 34. b

eH w
5. F 20. F 35. a
6. T 21. F 36. d

o.
7. T 22. a
rs e 37. a
8. T 23. c 38. unweighted
ou urc
9. T 24. e 39. Laspeyres
10. F 25. e 40. aggregate
11. T 26. c 41. fixed weight
12. T 27. d 42. Passche
o

13. F 28. b 43. error, change

14. T 29. a 44. price, quantity, value
aC s

15. F 30. b 45. percentage relative (or index

v i y re

number)
ed d
ar stu
sh is
Th

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