CUET Preparation Today
Calculate the price index number for the following data using weighted aggregative method:
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145.20 152.77 170.10 161.45 |
152.77 |
The correct answer is Option (2) → 152.77 The Weighted Aggregative Price Index ($P_{01}$) is given by: $P_{01} = \frac{\sum p_1 W}{\sum p_0 W} \times 100$ Calculation Table:
Apply the formula: $P_{01} = \frac{5515}{3610} \times 100$ $P_{01} \approx 1.5277 \times 100$ $P_{01} = 152.77$ |
