State whether the following is True or False : ∑p1∑p0×100 is the price Index Number by Simple Aggregate Method. - Mathematics and Statistics

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MCQ
True or False

State whether the following is True or False :

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

Options

  • True

  • False

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Solution

`(sum"p"_1)/(sum"p"_0) xx 100` is the price Index Number by Simple Aggregate Method True.

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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 3.01 | Page 91
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