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Question

The weekly observations on cost of living index in a certain city for the year 2004-2005 are given below. Compute the weekly cost of living index.
Cost of living
Index
Number of
students
Cost of living
Index
Number of students
1400-150051700-18009
1500-1600101800-19006
1600-1700201900-20002

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Solution

Answer:-
Cost of living indexxi Frequency
(fi)
fixi
1400-1500145057250
1500-160015501015500
1600-170016502033000
1700-18001750915750
1800-19001850611100
1900-2000195023900

Σfi=52 Σfixi=86500
Mean =ΣfixiΣfi=8650052=1663.46

The weekly cost of living index is 1663.46.

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