The weighted aggregate price index with base year quantities taken as weights is known as:
Laspeyres's price index
The correct answer is the Laspeyres's price index. This index uses base year quantities as weights for the calculation of price indices.
Important Questions from Statistics
The mean and variance of five observations are 14 and 13.2 respectively. Three of the five observations are 11, 16 and 20. What are the other two observations ?
A die is thrown 10 times and obtained the following outputs :
1, 2, 1, 1, 2, 1, 4, 6, 5, 4
What will be the mode of data so obtained ?
Consider the following frequency distribution :
x 1 2 3 5 f 4 6 9 7 What is the value of median of the distribution ?
For data -1, 1, 4, 3, 8, 12, 17, 19, 9, 11; if M is the median of first 5 observations and N is the median of last five observations, then what is the value of 4M - N ?
Let P, Q, R represent mean, median and mode. If for some distribution \(5 P=4 Q=\frac{R}{2}\) then what is \(\frac{P+Q}{2 P+0.7 R}\) equal to ?
