Construct index number of price from the following date by using Dorbish-Bowley's method:
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128 125.25 125.1 126.10 |
125.1 |
The correct answer is Option (3) → 125.1
Dorbish-Bowley's Method: $P_{01} = \frac{\frac{\sum p_1q_0}{\sum p_0q_0} + \frac{\sum p_1q_1}{\sum p_0q_1}}{2} \times 100$ $= \frac{\frac{200}{160} + \frac{134}{107}}{2} \times 100 = \frac{1.25 + 1.252}{2} \times 100$ $\frac{2.502}{2} \times 100= 125.1$ |