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Find the Value Index Number using Simple Aggregate Method in the following example. - Mathematics and Statistics

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प्रश्न

Find the Value Index Number using Simple Aggregate Method in the following example.

Commodity Base Year Current Year
Price Quantity Price Quantity
A 50 22 70 14
B 70 16 90 22
C 60 18 105 14
D 120 12 140 15
E 100 22 155 28
योग

उत्तर

Commodity Base year Current year p0q0 p1q1
p0 q0 p1 q1
A 50 22 70 14 1100 980
B 70 16 90 22 1120 1980
C 60 18 105 14 1080 1470
D 120 12 140 15 1440 2100
E 100 22 155 28 2200 4340
Total - - - - 6940 10870

From the table, `sum "p"_0"q"_0 = 6940, sum"p"_1"q"_1 = 10870`

Value Index Number (V01) = `(sum"p"_1"q"_1)/(sum "p"_0"q"_0) xx 100`

`= 10870/6940 xx 100`

= 156.63

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अध्याय 5: Index Numbers - Exercise 5.1 [पृष्ठ ७८]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board
अध्याय 5 Index Numbers
Exercise 5.1 | Q 1.11 | पृष्ठ ७८

संबंधित प्रश्न

Laaspeyre's index : _________ :: Paasche's index : Current year quantities


Calculate the price index number from the given data:

Commodity A B C D
Price in 2005 (₹) 6 16 24 4
Price in 2010 (₹) 8 18 28 6

Solve the following:

Calculate Value Index number from the given data:

Commodity Base year Current year
Price Quantity Price Quantity
A 40 15 70 20
B 10 12 60 22
C 50 10 90 18
D 20 14 100 16
E 30 13 40 15

Calculate Laaspeyre's index from the given data:

Commodity Base year Current year
Price Quantity Price Quantity
X 8 30 12 25
Y 10 42 20 16

Distinguish between Laaspeyre's Index and Paasche's Index.


Explain the steps involved in the construction of index numbers.


Find the Price Index Number using Simple Aggregate Method in the following example.

Use 1995 as base year in the following problem.

Commodity P Q R S T
Price (in ₹) in 1995 15 20 24 23 28
Price (in ₹) in 2000 27 38 32 40 45

Find the Price Index Number using Simple Aggregate Method in the following example.

Use 1995 as base year in the following problem.

Commodity A B C D E
Price (in ₹) in 1995 42 30 54 70 120
Price (in ₹) in 2005 60 55 74 110 140

Find the Price Index Number using Simple Aggregate Method in the following example.

Commodity Unit Base Year Price (in ₹) Current Year Price
(in ₹)
Wheat kg 28 36
Rice kg 40 56
Milk litre 35 45
Clothing meter 82 104
Fuel litre 58 72

Find the Price Index Number using the Simple Aggregate Method in the following example.

Assume 2000 to be base year in the following problem.

Fruit Unit Price (in ₹)  
in 2000
Price
(in ₹) for 2007
Mango doz 250 300
Banana doz 12 24
Apple kg 80 110
Peach kg 75 90
Orange doz 36 65
Sweet Lime doz 30 45

Find the Quantity Index Number using the Simple Aggregate Method in the following example.

Commodity I II III IV V
Base Year Quantities 140 120 100 200 225
Current Year Quantities 100 80 70 150 185

Find the Quantity Index Number using the Simple Aggregate Method in the following example.

Commodity A B C D E
Base Year Quantities 360 280 340 160 260
Current Year Quantities 440 320 470 210 300

Find the Value Index Number using Simple Aggregate Method in the following example.

 

Commodity Base Year Current Year
Price Quantity Price Quantity
A 30 22 40 18
B 40 16 60 12
C 10 38 15 24
D 50 12 60 16
E 20 28 25 36

Find x if the Price Index Number by Simple Aggregate Method is 125.

Commodity P Q R S T
Base Year Price (in ₹) 8 12 16 22 18
Current Year
Price (in ₹)
12 18 x 28 22

Find the odd word

Steps involved in the construction of index number -


Assertion (A): Generally, arithmetic mean is used in the construction of index numbers.

Reasoning (R): Arithmetic mean is simple to compute compared to other averages.


Study the following table, figure, passage and answer the question given below it.

Commodities Price in 2015 in
Rs (base year) P0
Price in 2019 in
Rs. (current year) P1
L 20 30
M 60 80
N 100 130
O 40 60
Total ∑P0 = ? ∑P1 = ?
  1. Complete the above table (1m)
  2. Construct Price Index number from the above data (3m)

State with reasons whether you agree or disagree with the following statement:

It is not essential to decide the purpose of an index number while constructing it.


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