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State whether the following is True or False : ∑p0(q0+q1)∑p1(q0+q1)×100 is Marshall-Edgeworth’s Price Index Number. - Mathematics and Statistics

MCQ
True or False

State whether the following is True or False :

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

Options

  • True

  • False

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Solution

`(sum"p"_0("q"_0 + "q"_1))/(sum"p"_1("q"_0 + "q"_1)) xx 100` is Marshall-Edgeworth’s Price Index Number False.

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APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 5 Index Numbers
Miscellaneous Exercise 5 | Q 3.08 | Page 92
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