Total Marks 5
Starting Date Thursday, May 28, 2020
Closing Date Friday, June 05, 2020
Status Open
Question Title Index Number
Question Description

How do we use Index Number in our daily life, explain it with an example and also mention the steps of construction of Index Number.

Note:

Don’t Paste the answer in MDB. This GDB is graded and marks will be awarded on its performance.

Note: Answer should be relevant. Irrelevant and unnecessary lengthy materials will not be considered.

Also it is strictly informed that the answer will not be received through emails.

Assignment # 1 STA 304
Fall 2019

Maximum Marks: 10
Due Date: Wednesday 27 November, 2019

INSTRUCTIONS

Please read the following instructions before attempting the solution of this assignment:

• To solve this assignment, you should have good command over 3-4 lectures.
• Try to get the concepts, consolidate your concepts and ideas from these questions which you learn in these lectures. You should concern the recommended books for clarification of concepts.
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• Avoid copying the solution from book (or internet); you must solve the assignment yourself.
• Also remember that you are supposed to submit your assignment in Word format any other like scan images, HTML etc. will not be accepted and we will give zero marks correspond to these assignments.

Question No.1:

Compute Fisher’s price index for 1990 with 1985 as base year from the following
Quantity (units) Value (Rs.)
Commodity 1985(qo) 1990(q1) 1985(poqo) 1990(p1q1)
A 100 110 900 1100
B 60 100 300 800
C 80 50 200 350
D 35 30 350 330