Aggregate expenditure method, Basic Statistics

Assignment Help:

Problem

Construct a consumer price index for the information given by using (i) Aggregate expenditure method, (ii) Family budget method.

Commodities	Quantity 2007(Q₀)	Unit	P₀	P₁
Commodities	Quantity 2007(Q₀)	Unit	2007	2008
A	7	quintal	300	310
B	5	quintal	305	308
C	4	quintal	416	419
D	9	quintal	530	625
E	3	kg	18	23
F	5	quintal	1050	1070

Formulas
Calculation
Solution to the problem/ Interpretation

Related Discussions:- Aggregate expenditure method

Financial & management account, Discuss the various functions of Accounting...

Discuss the various functions of Accounting

Central tendency, List down various measures of central tendency and explai...

List down various measures of central tendency and explain the difference between them?

Determine ytm price formula, YTM can be determined using the price formula...

YTM can be determined using the price formula of a bond. Part a The present value (price) formula for a zero coupon bond is: PV = F/(1+i) n Plugging in the given inf

Define accounting Actuarial basis , A basis used in processing the quantity...

A basis used in processing the quantity of advantages to be created regularly to a finance or consideration so that the complete advantages plus the complicated income thereon will

Trial balance, paid installation charges of machinery rs1100

paid installation charges of machinery rs1100

Probability, A box contains 20 fuses of which 5 are defective If 2 fuses ar...

A box contains 20 fuses of which 5 are defective If 2 fuses are chosen together at random what is the probability that both the fuses are defective?ion..

Find the probability density function, The lifetime T (in days) of an elect...

The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e - 0 : 01 t for time t > 0. An electrical system consists of four such component

What is the margin of error, The National Quality Research Center at the Un...

The National Quality Research Center at the University of Michigan provides a quarterly measure of consumer opinions about products and services (The Wall Street Journal, February

Corlation, 1. Calculate Karl Pearson’s coefficient of correlation between e...

1. Calculate Karl Pearson’s coefficient of correlation between expenditure on advertising (X) and sales (Y) from the data given below: The management decided to stop further expens

Management accounting ratio, Management Accounting Ratio A financial rat...

Management Accounting Ratio A financial ratio in management (or accounting ratio) is a relative magnitude of two types of selected numerical values taken from an enterprise''s

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages