Calculate the index number of period B based on period A from the following data relating to cost of living of the working class in a city using weighted arithmetic mean of group indices:
Group. Weight.
A. 40
B. 25
C. 5
D. 20
E. 10
Price
Period A. Period B
1600. 2000
4000. 6000
50. 50
512. 625
200. 15
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Answer:
A.40 - 4000.6000
B.25 - 512.625
C.20 - 200.15
D.20 - 50.50
E.10 - 1600.2000
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