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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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