20 From the data given below compute price index numbers using (i) weighted arithmetic average of price relatives (ii) weighted geometric mean of price relatives. Prices in 1980 (Rs.) Prices in 1983 (Rs.) Weights Group 100 20 70 20 40 90 20 60 15 55 30 15 20 10 25 Food Rent Clothing Fuel Others

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 12CR
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Question
20
From the data given below compute price index numbers using (i)
weighted arithmetic average of price relatives (ii) weighted geometric mean
of price relatives.
Prices in 1980 (Rs.) Prices in 1983 (Rs.)
Weights
Group
Food
Rent
Clothing
Fuel
Others
100
20
70
20
40
90
20
60
15
55
30
15
20
10
25
Transcribed Image Text:20 From the data given below compute price index numbers using (i) weighted arithmetic average of price relatives (ii) weighted geometric mean of price relatives. Prices in 1980 (Rs.) Prices in 1983 (Rs.) Weights Group Food Rent Clothing Fuel Others 100 20 70 20 40 90 20 60 15 55 30 15 20 10 25
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9781680331141
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HOUGHTON MIFFLIN HARCOURT
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Houghton Mifflin Harcourt