The price quotations of four different commodities for 2015 and 2016 are givenbelow. Calculate index number for 2016 with 2015 as base by using :(i) the simple average of price relatives(ii) the weighted average of price relatives.Weight'000)CommoditiesUnitPrice irPrice ine20152016АKg2.004.50ВQuintal2.503.20CDozen3.004.50kg1.001.805762

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Answered: The price quotations of four different…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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16. The price quotations of four different commodities for 1996 and 1997 are given befow. Calculate the index number for 1997 with 1996 as base by using (i) the simple average of price relatives, and (ii) the weighted average of price relatives. Unit Weight Price in (Rs.) Commodities (Rs. '000) 1996 1997 2.00 4.50 Kg. Quintal 2.50 3.20 3.00 4.50 Dozen 1.00 1.80 Kg.
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ocounty.schoology.com/assignment/5931470898/assessment Question 2 (1 point) Note: Figure not drawn to scale.

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