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From the following data, find Fisher's I...

From the following data, find Fisher's Ideal Index Number:

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Fisher's Ideal Index Number
`P_(01) = sqrt((Sigma p_(1)q_(0))/(Sigmap_(0)q_(0))xx(Sigmap_(1)q_(1))/(Sigmap_(0)q_(1)))xx100`
` = sqrt((1,060)/(740) xx (1,200)/(840))xx100`
`= sqrt(2.0463)xx100`
` = 1.4305 xx 100`
= 143.05
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Knowledge Check

  • Fisher’s Price Index Number is

    A
    `sqrt(P_(01)(L)xxP_(01)(P))`
    B
    `P_(01)(L) xxP_(01)(P)`
    C
    `sqrt(P_(01)(L)xxP_(01)(P))xx100`
    D
    `sqrt(P_(01)(L) xxP_(01)(P))`

  • Which of the following is an ideal Index Number?

    A
    Lespeyre
    B
    Bowley
    C
    Fisher
    D
    Marshall-Edgeworth

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