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Choose the correct alternative: Most commonly used index number is:

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प्रश्न

Choose the correct alternative:

Most commonly used index number is:

विकल्प

  • Volume index number

  • Value index number

  • Price index number

  • Simple index number

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उत्तर

Price index number

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अध्याय 9: Applied Statistics - Exercise 9.4 [पृष्ठ २३०]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 12 TN Board
अध्याय 9 Applied Statistics
Exercise 9.4 | Q 13 | पृष्ठ २३०

संबंधित प्रश्न

Statements that are incorrect in relation to index numbers:

  1. An index number is a geographical tool.
  2. Index numbers measure changes in air pressure.
  3. Index numbers measure relative changes in an economic variable.
  4. Index numbers are specialized averages.

Identify & explain the concept from the given illustration.

Bombay Stock Exchange has developed “Sensex” as a stock market index for reflecting the share prices of listed companies.


Identify & explain the concept from the given illustration.

Agricultural Research Institute constructed an index number to measure changes in the production of raw cotton in Maharashtra during the period 2015-2020.


Define true value ratio


Discuss about Cost of Living Index Number


Define family budget method


Calculate the Laspeyre’s, Paasche’s and Fisher’s price index number for the following data. Interpret on the data.

Commodities Base Year Current Year
Price Quantity Price  Quantity
A 170 562 72 632
B 192 535 70 756
C 195 639 95 926
D 1987 128 92 255
E 1985 542 92 632
F 150 217 180 314
7 12.6 12.7 12.5 12.8
8 12.4 12.3 12.6 12.5
9 12.6 12.5 12.3 12.6
10 12.1 12.7 12.5 12.8

An Enquiry was made into the budgets of the middle class families in a city gave the following information.

Expenditure Food Rent Clothing Fuel Rice
Price(2010) 150 50 100 20 60
Price(2011) 174 60 125 25 90
Weights 35 15 20 10 20

What changes in the cost of living have taken place in the middle class families of a city?


Choose the correct pair.

Group A Group B
1) Price Index  a) `(sump_1q_1)/(sump_0q_0)xx100`
2) Value Index b) `(sumq_1)/(sumq_0)xx100`
3) Quantity Index  c) `(sump_1q_1)/(sump_0q_1)xx100`
4) Paasche's Index d) `(sump_1)/(sump_0)xx100`

Choose the correct pair :

Group A Group B
1) Price Index a) `(sump_1q_1)/(sump_0q_0) xx100`
2) Value Index

b)

`(sumq_1)/(sumq_0) xx 100`
3) Quantity Index c) `(sump_1q_1)/(sump_0q_1) xx100`
4) Paasche's Index d) `(sump_1)/(sump_0) xx 100`

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