Скачать или смотреть 12th Maths Stats Simple Aggregate Method Explained

Learn the first step in calculating the Price Index Number using the Simple Aggregate Method in this quick guide. This method is essential for understanding index numbers in Mathematics and Statistics for the 12th grade. The first step involves adding the prices of all commodities for the base year, denoted as sigma P zero. This total is crucial for further calculations to determine the index. Perfect for students looking to grasp the basics of index numbers and their calculations. Chapter: Index numbers, Subject: Mathematics & Statistics. Question: What is the first step to calculate the Price Index Number using the Simple Aggregate Method? Options: Add the prices of all commodities for the base year, Add the prices of all commodities for the current year, Divide the total of current year prices by the total of base year prices, Multiply the result by 100. Correct Answer: Add the prices of all commodities for the base year.

Standard: 12th
Subject: Mathematics & Statistics
Medium: Eng