CBSE Class 11-commerce Answered
Index number chapter 13 statistics class11 essential practical Q2
Asked by ajaygupta62926 | 17 Feb, 2020, 20:19: PM
The question is from T.R. Jain Page number 370
Construct index number by Price Relative Method taking 2004 as base year.
The given question can be written as
![begin mathsize 16px style Index space Number equals fraction numerator sum for straight n of space straight P subscript 1 over straight P subscript 0 cross times 100 over denominator straight N end fraction equals fraction numerator 456.98 over denominator 4 end fraction equals 114.25 end style](https://images.topperlearning.com/topper/tinymce/cache/3e8494b9207f628bbae15325308d34f2.png)
This is the index number for current year 2014 with base 2004.
Similarly you can compute for the remaining years.
Answered by Sneha shidid | 18 Feb, 2020, 10:28: AM
CBSE 11-commerce - Statistics for Economics
Asked by ajaygupta62926 | 17 Feb, 2020, 20:19: PM
CBSE 11-commerce - Statistics for Economics
Asked by fishtailfever | 07 Jan, 2020, 12:35: PM