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3. The following data describe the catch an average price for three Alaskan crab species from 1980 to 1987. Catch (Millions of kilograms) Average Price ($/kg) King Snow Dungeness King Snow Dungeness 1980 85.5 60.1 5.9 1.00 0.49 0.54 1981 88.6 49.4 15.1 1.39 0.50 0.69 1982 39.7 82.9 15.9 2.69 1.17 0.74 1983 26.9 54.5 11.8 2.78 0.89 1.02 1984 17.2 34.6 9.9 2.34 0.71 1.38 1985 15.3 51.5 9.7 2.63 0.60 1.27 1986 27.2 83.5 5.9 3.37 0.76 1.05 1987 15.5 75.0 10.5 1.50 1.50 0.75 Using 1983 as the base year, construct

3. The following data describe the catch an average price for three Alaskan crab species from 1980 to 1987. Catch (Millions of kilograms) Average Price ($/kg) King Snow Dungeness King Snow Dungeness 1980 85.5 60.1 5.9 1.00 0.49 0.54 1981 88.6 49.4 15.1 1.39 0.50 0.69 1982 39.7 82.9 15.9 2.69 1.17 0.74 1983 26.9 54.5 11.8 2.78 0.89 1.02 1984 17.2 34.6 9.9 2.34 0.71 1.38 1985 15.3 51.5 9.7 2.63 0.60 1.27 1986 27.2 83.5 5.9 3.37 0.76 1.05 1987 15.5 75.0 10.5 1.50 1.50 0.75 Using 1983 as the base year, construct

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
Problem 82E
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  1. A Laspeyres price index for each year?
3. The following data describe the catch an average price for three Alaskan crab species from 1980 to 1987. Catch (Millions of kilograms) Snow Dungeness Average Price ($/kg) Snow Dungeness King King 1980 85.5 60.1 5.9 1.00 0.49 0.54 1981 88.6 49.4 15.1 1.39 0.50 0.69 1982 39.7 82.9 15.9 2.69 1.17 0.74 1983 26.9 54.5 11.8 2.78 0.89 1.02 1984 17.2 34.6 9.9 2.34 0.71 1.38 1985 15.3 51.5 9.7 2.63 0.60 1.27 1986 27.2 83.5 5.9 3.37 0.76 1.05 1987 15.5 75.0 10.5 1.50 1.50 0.75 Using 1983 as the base year, construct
Transcribed Image Text:3. The following data describe the catch an average price for three Alaskan crab species from 1980 to 1987. Catch (Millions of kilograms) Snow Dungeness Average Price ($/kg) Snow Dungeness King King 1980 85.5 60.1 5.9 1.00 0.49 0.54 1981 88.6 49.4 15.1 1.39 0.50 0.69 1982 39.7 82.9 15.9 2.69 1.17 0.74 1983 26.9 54.5 11.8 2.78 0.89 1.02 1984 17.2 34.6 9.9 2.34 0.71 1.38 1985 15.3 51.5 9.7 2.63 0.60 1.27 1986 27.2 83.5 5.9 3.37 0.76 1.05 1987 15.5 75.0 10.5 1.50 1.50 0.75 Using 1983 as the base year, construct
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