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Solve the following problem : If ∑p_0q0=120,∑p0q1=160,∑p1q1=140,and∑p1q+0 = 200, find Laspeyre’s, Paasche’s Dorbish-Bowley’s and Marshall Edgeworth’s Price Index Number. - Mathematics and Statistics

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प्रश्न

Solve the following problem :

If `sum"p_"0"q"_0 = 120, sum "p"_0"q"_1 = 160, sum "p"_1"q"_1 = 140, and sum "p"_1"q"+0` = 200, find Laspeyre’s, Paasche’s Dorbish-Bowley’s and Marshall Edgeworth’s Price Index Number.

योग
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उत्तर

Given,
`sum"p"_0"q"_0 = 120, sum"p"_0"q"_1 = 160`,
`sum"p"_1"q"_1 = 140, sum"p"_1"q"_0 = 200`

Laspeyre’s Price Index Number:

P01(L) = `(sum"P"_1"q"_0)/(sum"p"_0"q"_0) xx 100 = (200)/(120) xx 100` = 166.67

Paasche’s Price Index Number:

P01(P) = `(sum"P"_1"q"_1)/(sum"p"_0"q"_1) xx 100 = (140)/(160) xx 100` = 87.5

Dorbish-Bowley’s Price Index Number:

P01(D–B) = `("P"_01("L") + "P"_01("P"))/(2)`

= `(166.67 + 87.5)/(2)`

= `(254.17)/(2)`
= 127.085

Marshall-Edgeworth’s Price Index Number:

P01(M–E) = `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`

= `(200 + 140)/(120 + 160) xx 100`

= `(340)/(280) xx 100`
= 121.43

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Construction of Index Numbers - Weighted Aggregate Method
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Index Numbers - Miscellaneous Exercise 5 [पृष्ठ ९३]

APPEARS IN

बालभारती Mathematics and Statistics 2 (Commerce) [English] Standard 12 Maharashtra State Board
अध्याय 5 Index Numbers
Miscellaneous Exercise 5 | Q 4.15 | पृष्ठ ९३

संबंधित प्रश्न

Calculate Walsh’s Price Index Number.

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Price Quantity Price Quantity
I 10 12 20 9
II 20 4 25 8
III 30 13 40 27
IV 60 29 75 36

If P01(L) = 90 and P01(P) = 40, find P01(D – B) and P01(F).


If Dorbish-Bowley's and Fisher's Price Index Numbers are 5 and 4, respectively, then find Laspeyre's and Paasche's Price Index Numbers.


Choose the correct alternative :

The price Index Number by Weighted Aggregate Method is given by ______.


Laspeyre’s Price Index Number is given by ______.


Dorbish-Bowley’s Price Index Number is given by ______.


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Walsh’s Price Index Number is given by


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`sum("p"_1"q"_1)/("p"_0"q"_1)` is Laspeyre’s Price Index Number.


State whether the following is True or False :

`(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx (sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100` is Dorbish-Bowley’s Price Index Number.


`(sump_0(q_0 + q_1))/(sump_1(q_0 + q_1)) xx 100` is Marshall-Edgeworth’s price index number.


State whether the following is True or False :

`sqrt(("p"_1"q"_0)/(sum"p"_0"q"_0)) xx sqrt((sum"p"_1"q"_1)/(sum"p"_0"q"_1)) xx 100` is Fisher’s Price Index Number.


Calculate Walsh’s Price Index Number for the following data.

Commodity Base year Current year
  Price
p0
Quantity
q0
Price
p1
Quantity
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I 8 30 12 25
II 10 42 20 16

Solve the following problem :

Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.

Commodity Base Year Current Year
  Price
P0
Quantity
q0
Price
p1
Quantity
q1
I 8 30 12 25
II 10 42 20 16

Find x if Laspeyre’s Price Index Number is same as Paasche’s Price Index Number for the following data

Commodity Base Year Current Year
  Price
p0
Quantity
q0
Price
p1
Quantity
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A 3 x 2 5
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Solve the following problem:

If find x is Walsh’s Price Index Number is 150 for the following data

Commodity Base Year Current Year
  Price
p0
Quantity
q0
Price
p1
Quantity
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A 5 3 10 3
B x 4 16 9
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If Laspeyre’s and Dorbish’s Price Index Numbers are 150.2 and 152.8 respectively, find Paasche’s Price Index Number.


Choose the correct alternative:

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Choose the correct alternative:

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`(sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100` is Paasche’s Price Index Number


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`sqrt((sump_1q_0)/(sump_0q_0)) xx sqrt((sump_1q_1)/(sump_0q_1)) xx 100`


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