STA304 Assignment 1 Solution and Discussion

Assignment # 1 STA 304
Fall 2019Maximum Marks: 10
Due Date: Wednesday 27 November, 2019INSTRUCTIONS
Please read the following instructions before attempting the solution of this assignment:
• To solve this assignment, you should have good command over 34 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