The relative importance of the items is accounted for in the index number-A- WeightedB- Simple aggregativeC- Average of relativesD- Weighted relative

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Standard XI

Statistics

Simple Aggregative Price Index

The relative ...

Question

The relative importance of the items is accounted for in the index number.

Weighted

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Simple aggregative

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Average of relatives

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Weighted relative

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Solution

The correct option is A Weighted
The weighted index number is the index which accounts for the relative importance of the items.

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Similar questions

An index number which accounts for the relative importance of the items is known as

(i) weighted index

(ii) simple aggregative index

(iii) simple average of relatives

Calculate weighted index number for 2010 by weighted aggregative method and weighted average of relative method for the following data:

$\begin{matrix} Items & Weights & Prices in 2011 & Prices in 2012 A & 10 & 100 & 161 B & 7 & 200 & 210 C & 15 & 50 & 60 D & 9 & 20 & 30 E & 10 & 10 & 14 \end{matrix}$

The drawbacks of the simple aggregative method are:

(I) The items with large unit prices have greater influence on the index.

(II) No weightage is given to the relative importance of the items.

The relative importance of the items is accounted for in___.

Q. The price relatives and weight of a set commodities are given below:

Commodity	A	B	C	D
Price relative	125	120	127	119
Weight	$x$	$2 x$	$y$	$y + 3$

If the sum of the weights is

40

and weighted average of price relatives index number is

122

, find the numerical values of

x

and

y

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The relative importance of the items is accounted for in the index number.

The correct option is A Weighted The weighted index number is the index which accounts for the relative importance of the items.

The correct option is A Weighted
The weighted index number is the index which accounts for the relative importance of the items.