Using the following data, compute Fisher's Ideal Price Index Numbers for the current year:
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129.60 133.33 117.40 120.10 |
129.60 |
The correct answer is Option (1) → 129.60
Fisher's Price Index Number ($P_{01}$): $P_{01} = \sqrt{\frac{\sum p_1q_0}{\sum p_0q_0} \times \frac{\sum p_1q_1}{\sum p_0q_1}} \times 100$ $P_{01} = \sqrt{\frac{537}{416} \times \frac{622}{478}} \times 100$ $P_{01} = \sqrt{\frac{334014}{198848}} \times 100 \approx 129.60$ |