Answer to Question #335976 in Statistics and Probability for Shahid

Question

From the following data, calculate Laspeyre’s, Paasche’s, and Fisher’s Ideal Index numbers. (10)

Base Year Current Year

Price (Rs.) Quantity (KG) Price(Rs.) Quantity (KG)

A 6 50 10 56

B 2 100 2 120

C 4 60 6 60

D 10 30 12 24

E 8 40 12 36

Answer 1

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