Question

For the construction of Index number, select any 5 items of
consumable products and obtain the price quotations of the items
for the base year 2015 and current year 2021. Prepare a table and
analyze the Price Index Number by:-
(a) Simple (Un-weighted) Aggregative Method and
(b) Simple Averages of Relatives Method using Arithmetic Mean
(A.M), and interpret​

Answer 1

Answer:

(b) Simple Average of Relatives Method using Arithmetic Mean

Step-by-step explanation:

(A.M), and interpret