Home
Class 11
ECONOMICS
Find out index value from the following ...

Find out index value from the following data using (i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.

Text Solution

Verified by Experts


(i) Laspeyre's Method: `P_(01)=(Sigmap_(1)q_(0))/(Sigmap_(0)q_(0))xx100`
`=(235)/(187)xx100=125.67`
(ii) Paasche's Method: `P_(01)=(Sigmap_(1)q_(1))/(Sigmap_(0)q_(1))xx100`
`=(250)/(233)xx100=107.29`
(iii) Fisher's Method: `P_(01)=sqrt((Sigmap_(1)q_(0))/(Sigmap_(0)q_(0))xx(Sigmap_(1)q_(1))/(Sigmap_(0)q_(1)))xx100`
`=sqrt((235)/(187)xx(250)/(233))xx100`
`=sqrt(1.2567xx1.0729)xx100`
`=sqrt(1.3483)xx100`
`=1.1612 xx 100 = 116.12`
Promotional Banner

Topper's Solved these Questions

  • INDEX NUMBERS

    TARUN JAIN & VK OHRI|Exercise A. Multiple Choice Questions: Choose the Correct Answer|12 Videos

  • INDEX NUMBERS

    TARUN JAIN & VK OHRI|Exercise B. Choose appropriate word and fill in the blank|7 Videos

  • FREQUENCY DIAGRAMS - HISTOGRAM, POLYGON AND OGIVE

    TARUN JAIN & VK OHRI|Exercise EXERCISE NCERT|7 Videos

  • MEASURES OF CENTRAL TENDENCY - ARITHMETIC MEAN

    TARUN JAIN & VK OHRI|Exercise Illustration|72 Videos

Similar Questions

Explore conceptually related problems

Construct index numbers of prices in the year 2018 from the following data by using: (i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.

Construct price index number of the following data by using: (i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method. Note: Answers by all the methods are more or less equal. Nevertheless, Fisher's Index number is regarded as an ideal method.

Construct index number of prices from the following data by (i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher Method.

Construct index numbers of prices of the items in the year 2018 from the following data by: (i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.

Find out the index number of the followng data with Laspeyre's Method:

Given the following data and taking 2004 as the base year, construct index of prices using: (i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.

Construct index number of the following data with Laspeyre's and Paasche's Methods:

Find out standard deviation of the following data, using direct method:

Find the mean from the following table using step devitaion method :