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An Index of Clothing Prices for 2006 Based on 1985

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An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown below. An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown below.   Assuming that the number sold remained constant, i.e., the same number were sold in 2006 as in 1985, what is the weighted index of price for 2006 using 1985 as the base? A)  206.7 B)  214.5 C)  48.4 D)  46.6 Assuming that the number sold remained constant, i.e., the same number were sold in 2006 as in 1985, what is the weighted index of price for 2006 using 1985 as the base?


Definitions:

Tachometer

An instrument used to measure the rotation speed of a shaft or disk, displayed in revolutions per minute (RPM).

Speed Measurement

The process of determining the rate of movement of an object, typically measured in units like meters per second or miles per hour.

Load Cell

A device used to measure weight or force by converting a mechanical load into an electrical output signal.

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A type of sensor that can detect the presence or absence of objects through changes in the electric field, without requiring physical contact.

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