Question

Index Number calculated for one commodity is called______
A: Simple Index B:Composite Index C:Weighted Index D:None of these​

Answer 1

options c is correct

Step-by-step explanation:

thank you

Answer 2

Index Number calculated for one commodity is called Simple Index.

A statistical tool for determining the amount of changes in a group of connected variables is an index number. It is derived from diverging ratios, from which it depicts the overall trend. It is a measurement of the typical shift between two different situations in a set of connected variables.

The correct option is A: As it is for only one variable, the index number is called simple index.

https://brainly.in/question/22885603#

https://brainly.in/question/27549706#

#SPJ2