Construct index number of industrial production from the following data-2- 1-c- Item Item 2- Units 2-c- Production or Output 2- Weight 3 - 4 Base year Current Year Mechanical Mill- Nos- 237 400 5 Sugar and Tea Th- Tonnes 62 150 10 Textile Mill- Mtrs- 572 820 35 Mining Th- Tonnes 165 200 15 Transportation Mill- Nos- 335 727 20 Electricity and Electronics Mill- Nos- 87 323 15

Item Base year (q0) Current year (q1) Relatives valuesR=q1q0 #215;100 Weight (W) WR nbsp;Mechanical 237 400 ...

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Question

Construct index number of industrial production from the following data:

Item Units Production or Output Weight

Base year Current Year

Mechanical
Sugar and Tea
Textile
Mining
Transportation
Electricity and Electronics Mill. Nos.
Th. Tonnes
Mill. Mtrs.
Th. Tonnes
Mill. Nos.
Mill. Nos. 237
62
572
165
335
87 400
150
820
200
727
323 5
10
35
15
20
15

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Solution

Item Base year
(q₀) Current year
(q₁) Relatives values $R = \frac{(q_{1})}{(q_{0})} \times 100$ Weight
(W) WR

Mechanical 237 400 168.78 5 843.85

Sugar and Tea 62 150 241.19 10 2419.35

Textile 572 820 143.35 35 5017.48

Mining 165 200 121.21 15 1818.15

Transportation 335 727 217.01 20 4340.2

Electricity and electronics 87 323 371.26 15 5568.9

∑W = 100 ∑RW = 20008.3

Index number of Industrial Production
$IIP = \frac{\sum R W}{\sum W} or, IIP = \frac{20008.3}{100} = 200.08$

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Item	Units	Production or Output		Weight
		Base year	Current Year
Mechanical Sugar and Tea Textile Mining Transportation Electricity and Electronics	Mill. Nos. Th. Tonnes Mill. Mtrs. Th. Tonnes Mill. Nos. Mill. Nos.	237 62 572 165 335 87	400 150 820 200 727 323	5 10 35 15 20 15

Item	Base year (q₀)	Current year (q₁)	Relatives values $R = \frac{(q_{1})}{(q_{0})} \times 100$	Weight (W)	WR
Mechanical	237	400	168.78	5	843.85
Sugar and Tea	62	150	241.19	10	2419.35
Textile	572	820	143.35	35	5017.48
Mining	165	200	121.21	15	1818.15
Transportation	335	727	217.01	20	4340.2
Electricity and electronics	87	323	371.26	15	5568.9
				∑W = 100	∑RW = 20008.3