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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 30 22 40 18
B 40 16 60 12
C 10 38 15 24
D 50 12 60 16
E 20 28 25 36
बेरीज

उत्तर

Commodity Base year Current year p0q0 p1q1
p0 q0 p1 q1
A 30 22 40 18 660 720
B 40 16 60 12 640 720
C 10 38 15 24 380 360
D 50 12 60 16 600 960
E 20 28 25 36 560 900
Total - - - - 2840 3660

From the table, `sum "p"_0"q"_0 = 2840, sum"p"_1"q"_1 = 3660`

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

`= 3660/2840 xx 100`

= 128.87

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

APPEARS IN

संबंधित प्रश्‍न

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


Solve the following:

Calculate Quantity Index number from the given data:

Commodity P Q R S T
Base year quantities 170 150 100 195 205
Current year quantities 90 70 75 150 95

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.


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.

Use 2000 as base year in the following problem.

Commodity Price (in ₹) for
year 2000
Price (in ₹) for year 2006
Watch 900 1475
Shoes 1760 2300
Sunglasses 600 1040
Mobile 4500 8500

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

Use 1990 as base year in the following problem.

Commodity Unit Price (in ₹) for
year 2000
Price (in ₹) for year 2006
Butter kg 27 33
Cheese kg 30 36
Milk litre 25 29
Bread loaf 10 14
Eggs doz 24 36
Ghee tin 250 320

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 50 22 70 14
B 70 16 90 22
C 60 18 105 14
D 120 12 140 15
E 100 22 155 28

Statements related to weighted index number:

  1. Suitable weights are assigned to various commodities.
  2. It gives relative importance to the commodity in the group.
  3. In most cases, quantities are used as weights.
  4. Laaspeyre’s Price index and Paasche’s Price Index are methods of constructing weighted index number.

Find the odd word

Steps involved in the construction of index number -


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

Any year can be selected as the base year


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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