Question
The formula used for finding the simple aggregate index numbers is:
This question was previously asked in
SSC CGL 2024 (Tier-I) Previous Year Paper (17-Sep-2024) (Shift 3)
The correct answer is
\(\frac{\sum p_{ij}}{\sum p_{oj}} \times 100\)
The simple aggregate index compares the total current prices (\(\sum p_{ij}\)) to total base-year prices (\(\sum p_{oj}\)), expressed as a percentage. This measures overall price change without weighting.
Was this answer helpful?
Similar Questions
The ______ is an unbiased estimator of the population mean.
If xi = i / 5 + 2, where i = 1, 2,..., 5, then the mean of x1, x2, ..., x5 is:
Important Questions from Statistical estimation
The Contingency table in statistics is one:
- In a random sample of $x=16$, the mean ($\bar{x}$) is 40, and the standard deviation (sd) is 4.0. The 95% confidence interval ($Z=1.96$) for the mean is :
The ______ is an unbiased estimator of the population mean.
If xi = i / 5 + 2, where i = 1, 2,..., 5, then the mean of x1, x2, ..., x5 is:
Need Expert Advice?
Upcoming Exams
Test Series
SSC
SSC CGL (Tier I + Tier II) 2026 Mock Test Series - Latest Pattern
2500 Tests 6 Tests Free
3990 Attempts
4.2(838)
English, Hindi
More Questions from SSC CGL
