Q.4 (B)(ii) State whether true or false: Σ p₀q₀/p₁q₁× 100 is the Value Index Number by simple aggregate method.

Answer: False The Value Index Number by simple aggregate method is V₀₁ = (Σ p₁q₁)/(Σ p₀q₀)× 100: the current-year total value divided by the base-year total value.

Chapter: Index Numbers· Mathematics & Statistics (Commerce) Part 2

State whether true or false: \(\sum \dfrac{p_0q_0}{p_1q_1}\times 100\) is the Value Index Number by simple aggregate method.

Q.4 (B)(ii) State whether true or false: \(\sum \dfrac{p_0q_0}{p_1q_1}\times 100\) is the Value Index Number by simple aggregate method.

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: False

The Value Index Number by simple aggregate method is \(V_{01} = \dfrac{\sum p_1q_1}{\sum p_0q_0}\times 100\): the current-year total value divided by the base-year total value.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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State whether true or false: \(\sum \dfrac{p_0q_0}{p_1q_1}\times 100\) is the Value Index Number by simple aggregate method.

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