Question
Download Solution PDFIf Laspeyres’ index is 223 and Paasche’s index number is 169, then Fisher's ideal index number is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFisher's Ideal index number is calculated as the geometric mean of Laspeyres' and Paasche's index numbers. The geometric mean is a type of average that is calculated by taking the nth root of the product of n values. Given, Laspeyres' index of 223 and Paasche's index of 169. To calculate Fisher's Ideal index number, we have the formula:
\(\sqrt {(Laspeyres' index \times Paasche's index)} = \sqrt{(223 \times 169)} = \sqrt{37687} \approx 194.1314 \)
Last updated on Jun 2, 2025
-> The SSC Exam Dates 2025 has been released on the official website.
-> The SSC CGL Notification 2025 will be released on 9th June 2025 at ssc.gov.in.
-> The SSC CGL application 2025 submission will be open from 9th June to 4th July 2025.
-> The SSC CGL Tier 1 Exam 2025 Dates have been revised. The SSC CGL Exam will be conducted from 13 August to 30 August, 2025.
-> Candidates can refer to the SSC CGL syllabus for a better understanding of the exam structure and pattern.
-> The SSC CGL Eligibility is a bachelor’s degree in any discipline.
-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.
-> Candidates should also use the SSC CGL previous year papers for a good revision.