From the following data calculate Price index number using ($i$) 2010 as the base ($ii$) 2013 as the base ($iii$) 2010 to 2012 as the base
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(i) 80.0, (ii) 100.0, (iii) 88.9 (i) 84.0, (ii) 105.0, (iii) 93.3 (i) 92.0, (ii) 115.0, (iii) 102.2 (i) 106.0, (ii) 132.5, (iii) 117.8 |
(i) 84.0, (ii) 105.0, (iii) 93.3 |
The correct answer is Option (2) → (i) 84.0, (ii) 105.0, (iii) 93.3 $\text{*Mean of prices from 2010 to 2012} = \frac{50 + 53 + 32}{3} = \frac{135}{3} = 45$
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