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Calculate Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and MarshallEdgeworth’s Price index numbers. - Mathematics and Statistics

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प्रश्न

Calculate Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and MarshallEdgeworth’s Price index numbers.

Commodity Base Year Current Year
Price Quantity Price Quantity
A 8 20 11 15
B 7 10 12 10
C 3 30 5 25
D 2 50 4 35
योग

उत्तर

Commodity Base Year Current Year p0q0 p1q0 p0q1 p1q1
p0 q0 p1 q1
A 8 20 11 15 160 220 120 165
B 7 10 12 10 70 120 70 120
C 3 30 5 25 90 150 75 125
D 2 50 4 35 100 200 70 140
Total - - - - 420 690 335 550

From the table,

`sum "p"_0"q"_0 = 420, sum "p"_1"q"_0 = 690`

`sum "p"_0"q"_1 = 335, sum "p"_1"q"_1 = 550`

(i) Laspeyre’s Price Index Number:

`"P"_01 ("L") = (sum "p"_1"q"_0)/(sum "p"_0"q"_0) xx 100 = 690/420 xx 100 = 164.29`

(ii) Paasche’s Price Index Number:

`"P"_01 ("P") = (sum "p"_1"q"_1)/(sum "p"_0"q"_1) xx 100 = 550/335 xx 100 = 164.18`

(iii) Dorbish-Bowley’s Price Index Number:

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

`= (164.29  +  164.18)/2`

= 164.24

(iv) Marshall-Edgeworth’s Price Index Number:

`"P"_01 ("M- E") = (sum "p"_1"q"_0  +  sum "p"_1"q"_1)/(sum "p"_0"q"_0  +  sum "p"_0"q"_1) xx 100`

`= (690 + 550)/(420 + 335) xx 100`

`= 1240/755 xx 100`

= 164.24

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Construction of Index Numbers - Weighted Aggregate Method
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Index Numbers - Exercise 5.2 [पृष्ठ ८२]

APPEARS IN

बालभारती Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board
अध्याय 5 Index Numbers
Exercise 5.2 | Q 1.01 | पृष्ठ ८२

संबंधित प्रश्न

Calculate Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and Marshall - Edgeworth’s Price index numbers.

Commodity Base Year Current Year
Price Quantity Price Quantity
I 10 9 20 8
II 20 5 30 4
III 30 7 50 5
IV 40 8 60 6

Calculate Walsh’s Price Index Number.

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


Fill in the blank :

Paasche’s Price Index Number is given by _______.


Walsh’s Price Index Number is given by _______.


`(sump_1q_0)/(sump_0q_0) xx 100` is Paasche’s Price Index Number.


State whether the following is True or False :

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


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
q1
A 5 3 10 3
B x 4 16 9
C 15 5 23 5
D 10 2 26 8

Solve the following problem :

Given that Laspeyre’s and Paasche’s Price Index Numbers are 25 and 16 respectively, find Dorbish-Bowley’s and Fisher’s Price Index Number.


If Laspeyre’s and Dorbish’s Price Index Numbers are 150.2 and 152.8 respectively, find Paasche’s Price Index Number.


Solve the following problem :

Given that `sum "p"_0"q"_0 = 130, sum "p"_1"q"_1 = 140, sum "p"_0"q"_1 = 160, and sum "p"_1"q"_0 = 200`, find Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and Marshall-Edgeworth’s Price Index Numbers.


Choose the correct alternative:

The formula P01 = `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100` is for


Choose the correct alternative:

Fisher’s Price Index Number is


Marshall-Edgeworth's Price Index Number is given by ______


State whether the following statement is True or False:

Walsh’s Price Index Number is given by `(sum"p"_1sqrt("q"_0"q"_1))/(sum"p"_0sqrt("q"_0"q"_1)) xx 100`


State whether the following statement is True or False:

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


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


If P01 (L) = 121, P01 (P) = 100, then P01 (F) = ______.


Calculate Marshall – Edgeworth’s price index number for the following data:

Commodity Base year Current year
Price Quantity Price Quantity
P 12 20 18 24
Q 14 12 21 16
R 8 10 12 18
S 16 15 20 25

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