Compute Fisher's Ideal Index No.
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194.51 191.52 190.81 189.77 |
190.81 |
The correct answer is Option (3) → 190.81 For calculating base period and current period quantity we divide value by price.
Fisher's Method: $P_{01} = \sqrt{\frac{\sum p_1q_0}{\sum p_0q_0} \times \frac{\sum p_1q_1}{\sum p_0q_1}} \times 100 = \sqrt{\frac{1276}{656} \times \frac{848}{453}} \times 100$ $= \sqrt{\frac{1082048}{297168}} \times 100$ $= \sqrt{3.641} \times 100 = 190.81$ |