Index number chapter 13 statistics class11 essential practical Q2

 

Asked by ajaygupta62926 | 17th Feb, 2020, 08:19: PM

Expert Answer:

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
This is the index number for current year 2014 with base 2004.
Similarly you can compute for the remaining years.

Answered by Sneha shidid | 18th Feb, 2020, 10:28: AM

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