Q. 12. From the following data construct quantity index number using weighted average of relative method using (i) Arithmetic Mean, and (ii) Geometric Mean : Соmmodity Base year Оиаntity Current year Оuantity Units Price Price I Quintal 4 14 3 18 II KG 6. 16 4 22 III Metres 18 6 25 IV Pairs 26 5 40

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
Q. 12. From the following data construct quantity index number
using weighted average of relative method using (i) Arithmetic Mean, and
(ii) Geometric Mean :
Current year
Оиantity
Commodity
Units
Base year
Price
Qиаntity
Price
I
Quintal
4
14
3
18
II
KG
16
4
22
III
Metres
5
18
25
IV
Pairs
3
26
40
Transcribed Image Text:Q. 12. From the following data construct quantity index number using weighted average of relative method using (i) Arithmetic Mean, and (ii) Geometric Mean : Current year Оиantity Commodity Units Base year Price Qиаntity Price I Quintal 4 14 3 18 II KG 16 4 22 III Metres 5 18 25 IV Pairs 3 26 40
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill