The weighted aggregative index number for the following table is given as 153.61 considering Laspeyres method. Find the approximate value of k.
P0Q0P1Q1H0.5202.525I10.510711J3.58412K7251430L15132218
20
Look at the table below:
P0Q0P1Q1P1Q0P0Q0H0.5k2.5252.5k0.5kI10.51071170105J3.584123228K7251430350175L15132218286195Total738+2.5k503+0.5k
P01=∑P1Q0∑P0Q0×100153.61=738+2.5k503+0.5k×100⇒1.5361×(503+0.5k)=738+2.5k⇒772.66+0.77k=738+2.5k⇒34.66=1.73k⇒k=20