Using the following data, compute Fisher's Ideal Quantity Index Numbers for the current year:
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122.32 125.65 115.36 119.69 |
115.36 |
The correct answer is Option (3) → 115.36
Fisher's Quantity Index Number ($Q_{01}$): $Q_{01} = \sqrt{\frac{\sum q_1p_0}{\sum q_0p_0} \times \frac{\sum q_1p_1}{\sum q_0p_1}} \times 100$ $Q_{01} = \sqrt{\frac{478}{416} \times \frac{622}{537}} \times 100 \approx 115.36$ |