Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Index number for following data is :

Relative index 181 110 157 116
Weight 4 3 7 12
Options:

143.43

136.26

136.34

132.43

Correct Answer:

136.34

Explanation:

The correct answer is Option (3) → 136.34

The Index number,

$I=\frac{∑(W×R)}{∑W}$

$=\frac{724+330+1099+1392}{4+3+7+12}=\frac{3545}{26}≃136.4$