Construct index number of price from the following date by using Fisher's method:
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125.23 125.09 128.12 126.42 |
125.09 |
The correct answer is Option (2) → 125.09
Fisher's Method: $P_{01} = \sqrt{\frac{\sum p_1q_0}{\sum p_0q_0} \times \frac{\sum p_1q_1}{\sum p_0q_1}} \times 100$ $= \sqrt{\frac{200}{160} \times \frac{134}{107}} \times 100= \sqrt{1.565} \times 100$ $=1.2509\times 100 = 125.09$ |