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Define true value ratio - Business Mathematics and Statistics

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प्रश्न

Define true value ratio

बेरीज

उत्तर

`(sum"p"_1"q"_1)/(sum"p"_0"q"_0)` is the ratio of the total value in the current period to the total value in the base period and this ratio is called the true value ratio.

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पाठ 9: Applied Statistics - Exercise 9.2 [पृष्ठ २१९]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 12 TN Board
पाठ 9 Applied Statistics
Exercise 9.2 | Q 10 | पृष्ठ २१९

संबंधित प्रश्‍न

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

Index numbers measure changes in the price level only.


Identify & explain the concept from the given illustration.

Bombay Stock Exchange has developed “Sensex” as a stock market index for reflecting the share prices of listed companies.


Explain Paasche’s price index number


Define family budget method


Using the following data, construct Fisher’s Ideal index and show how it satisfies Factor Reversal Test and Time Reversal Test?

Commodity Price in Rupees per unit Number of units
Basic year Current year Base year Current year
A 6 10 50 56
B 2 2 100 120
C 4 6 60 60
D 10 12 50 24
E 8 12 40 36

Using Fisher’s Ideal Formula, compute price index number for 1999 with 1996 as base year, given the following:

Year Commodity: A Commodity: B Commodity: C
Price (Rs.) Quantity (kg) Price (Rs.) Quantity (kg) Price (Rs.) Quantity (kg)
1996 5 10 8 6 6 3
1999 4 12 7 7 5 4

The following are the group index numbers and the group weights of an average working class family’s budget. Construct the cost of living index number:

Groups Food Fuel and
Lighting
Clothing Rent Miscellaneous
Index Number  2450 1240 3250 3750 4190
Weight 48 20 12 15 10

Choose the correct alternative:

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Choose the correct alternative:

Consumer price index are obtained by:


Using the following data, construct Fisher’s Ideal Index Number and Show that it satisfies Factor Reversal Test and Time Reversal Test?

Commodities Price Quantity
Base Year Current Year Base Year Current Year
Wheat 6 10 50 56
Ghee 2 2 100 120
Firewood 4 6 60 60
Sugar 10 12 30 24
Cloth 8 12 40 36

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