Qq∑q0∑q1×100 is the Quantity Index Number by Simple Aggregate Method. - Mathematics and Statistics

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MCQ
True or False

`(sum"q"_0)/(sum"q"_1) xx 100` is the Quantity Index Number by Simple Aggregate Method.

Options

  • True

  • False

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Solution

This statement is False.

Concept: Construction of Index Numbers - Simple Aggregate Method
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Chapter 5: Index Numbers - Miscellaneous Exercise 5 [Page 91]

APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 5 Index Numbers
Miscellaneous Exercise 5 | Q 3.02 | Page 91
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