From the following data compute the quantity index number for 1998 musine (i) Paasche's formula (ii) Fisher's ideal formula (ii) Bowley's formula and (iv) Marshall's formula. Quantity in units Value in Rupees Items 1993 1998 1993 1998 450 480 90 120 600 80 90 630 75 80 300 240 50 60 350 300 MNOP

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter30: Customary And Metric Steel Rules
Section: Chapter Questions
Problem 8A
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From the following data compute the quantity index number for 1998 ine
(i) Paasche's formula (ii)
(iv) Marshall's formula.
Fisher's ideal formula (ii) Bowley's formula ant
Quantity in units
Value in Rupees
Items
1993
1998
1993
1998
M
90
120
450
600
80
90
480
630
75
80
300
240
50
60
350
300
CS Scanned with CamScanner
Transcribed Image Text:From the following data compute the quantity index number for 1998 ine (i) Paasche's formula (ii) (iv) Marshall's formula. Fisher's ideal formula (ii) Bowley's formula ant Quantity in units Value in Rupees Items 1993 1998 1993 1998 M 90 120 450 600 80 90 480 630 75 80 300 240 50 60 350 300 CS Scanned with CamScanner
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