construct the index number by simple relative method for 1998 takıng 1995 ast base year and using (i) arithmetic mean, (b) geometric mean, and (c) medi- Commodities Q R S 25 Price in 1995 Prices in 1998 20 30 10 40 25 30 15 35 45

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 15SBE
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base year and using (i) arithmetic mean, (b) geometric mean, and (c) mediam
construct the index number by simple relative method for 1998 taking 1995 as i
Commodities
Q
R
S
10
25
40
Price in 1995
Prices in 1998
20
30
25
30
15
35
45
Transcribed Image Text:base year and using (i) arithmetic mean, (b) geometric mean, and (c) mediam construct the index number by simple relative method for 1998 taking 1995 as i Commodities Q R S 10 25 40 Price in 1995 Prices in 1998 20 30 25 30 15 35 45
From the following data relating to average prices of certain commodities
Transcribed Image Text:From the following data relating to average prices of certain commodities
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