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Question 27 of 35
Q.

Solve the following problem:

If find xx is Walsh’s Price Index Number is 150 for the following data

CommodityBase YearCurrent Year
Price p0p_0Quantity q0q_0Price p1p_1Quantity q1q_1
A53103
Bxx4169
C155235
D102268
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2024Subjective· 4mImportance★★★★★
77% · 27/35 Questions
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Walsh: P01=∑p1q0q1∑p0q0q1×100=150P_{01}=\dfrac{\sum p_1\sqrt{q_0q_1}}{\sum p_0\sqrt{q_0q_1}}\times100=150; solving gives x=503≈16.67x=\dfrac{50}{3}\approx 16.67.

Step 1 — weights q0q1\sqrt{q_0 q_1}:

A=3⋅3=3=\sqrt{3\cdot3}=3, B=4⋅9=6=\sqrt{4\cdot9}=6, C=5⋅5=5=\sqrt{5\cdot5}=5, D=2⋅8=4=\sqrt{2\cdot8}=4.

Step 2 — weighted sums:

∑p1q0q1=10(3)+16(6)+23(5)+26(4)=30+96+115+104=345.\sum p_1\sqrt{q_0q_1} = 10(3)+16(6)+23(5)+26(4) = 30+96+115+104 = 345.

∑p0q0q1=5(3)+x(6)+15(5)+10(4)=15+6x+75+40=130+6x.\sum p_0\sqrt{q_0q_1} = 5(3)+x(6)+15(5)+10(4) = 15+6x+75+40 = 130+6x.

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