For the data given below, calculate the index number by taking (i) 1980 as the base year (ii) 1987 as the base year Price of Commodity 'X Price of Commodity 'X' 10 Year Year 1980 4 1985 1981 5 1986 1982 1987 10 1983 1988 11 1984

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 31PPS
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For the data given below, calculate the index number by taking
(i) 1980 as the base year
(ii) 1987 as the base year
Price of
Commodity 'X'
Year
Price of
Соmmodity 'X"
Year
1980
4
1985
10
1981
5
1986
9
1982
1987
10
1983
7
1988
11
1984
8
Transcribed Image Text:For the data given below, calculate the index number by taking (i) 1980 as the base year (ii) 1987 as the base year Price of Commodity 'X' Year Price of Соmmodity 'X" Year 1980 4 1985 10 1981 5 1986 9 1982 1987 10 1983 7 1988 11 1984 8
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