48. It is stated that Marshall-Edgeworth index number is a good approximation to the Fisher's ideal index number. Verify using the following data : Commodity 2017 2016 Price Qty. Price Qty. 3. 82 74 4 140 125 6. 33 40 C

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48. It is stated that Marshall-Edgeworth index number is a good approximation
to the Fisher's ideal index number. Verify using the following data :
Commodity
2017
2016
Price
Qty.
Price
Qty.
3
82
2
74
4
140
125
33
40
C
7.
Transcribed Image Text:48. It is stated that Marshall-Edgeworth index number is a good approximation to the Fisher's ideal index number. Verify using the following data : Commodity 2017 2016 Price Qty. Price Qty. 3 82 2 74 4 140 125 33 40 C 7.
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