The following table provides the price and quantity data for three brands of a particular good during 2010 and 2011. 
a.Use 2010 as the base year and compute the weighted aggregate price index for 2011 using the Laspeyres method.
b.Interpret the result.
Definitions:
Functional
Pertaining to the practical or utilitarian use of something, often emphasizing how something works or operates within a system or organization.
Independent
Free from external control or influence; capable of thinking or acting for oneself.
Synthetic Thinking
The ability to put together separate pieces of information, concepts, or ideas to form a cohesive whole or new insights.
Systems Theorists
Scholars who study the interrelated components of systems, focusing on how parts interact within a whole.
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