The following data gives prices of commodities in 1986 and 1984. Calculate a price index number using Arithmetic mean. Commodity I II III IV V Price in 1986 16 22 12 30 36 Price in 1984 11 15 7 25 30

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The following data gives prices of commodities in 1986 and
1984. Calculate a price index number using Arithmetic mean.
Соmmodity
I
II
III
IV
V
Price in 1986
16
22
12
30
36
Price in 1984
11
15
7
25
30
Transcribed Image Text:The following data gives prices of commodities in 1986 and 1984. Calculate a price index number using Arithmetic mean. Соmmodity I II III IV V Price in 1986 16 22 12 30 36 Price in 1984 11 15 7 25 30
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