M L Aggarwal Solutions for Chapter: Index Numbers and Moving Averages, Exercise 3: CHAPTER TEST

Author:M L Aggarwal

M L Aggarwal Mathematics Solutions for Exercise - M L Aggarwal Solutions for Chapter: Index Numbers and Moving Averages, Exercise 3: CHAPTER TEST

Attempt the practice questions on Chapter 3: Index Numbers and Moving Averages, Exercise 3: CHAPTER TEST with hints and solutions to strengthen your understanding. Understanding ISC Mathematics Class 11 Volume 2 solutions are prepared by Experienced Embibe Experts.

Questions from M L Aggarwal Solutions for Chapter: Index Numbers and Moving Averages, Exercise 3: CHAPTER TEST with Hints & Solutions

MEDIUM
11th ICSE
IMPORTANT

The table shows the average prices (in ) of coffee, sugar and milk in 2009 and 2010, and the weights used to calculate the cost of making a cup of coffee:

 

Cost in 2009 (per kg)

Cost in 2010 (per kg)

Weights
Sugar 3 7 3
Milk 3 3.50 4
Coffee 90 120 2

Calculate, correct to one decimal place, the index number for the cost of a cup of coffee in 2010 using weighted price relatives.

MEDIUM
11th ICSE
IMPORTANT

The table shows the average prices (in ) of coffee, sugar and milk in 2009 and 2010, and the weights used to calculate the cost of making a cup of coffee:

 

Cost in 2009 (per kg)

Cost in 2010 (per kg)

Weights
Sugar 3 7 3
Milk 3 3.50 4
Coffee 90 120 2

Calculate, correct to one decimal place, the index number for the cost of a cup of coffee in 2010 using weighted aggregates taking the index number for 2009 to be 100 in each case.

MEDIUM
11th ICSE
IMPORTANT

From the following data, compute price index by applying weighted average of price relatives method using arithmetic mean up to one decimal place:

Commodity

p0()

q0

p1()
Sugar 9.00 20 kg 15.00
Flour 5.00 40 kg 10.00
Milk 6.00 10 lt 15.00

HARD
11th ICSE
IMPORTANT

Due to change in prices, the cost of living index for the working class in a city rose to 225 in April from 180 in March 2003. The index of food became 252 from 198, that of clothing from 185 to 205, that of fuel and lighting from 175 to 195 and that of miscellaneous from 138 to 212. The index of rent, however remained unchanged at 150. Find the weights of all the groups if the weights of clothing, fuel and lighting, and rent were the same.

MEDIUM
11th ICSE
IMPORTANT

The following data relate to the pay of workers employed at a factory.

Types of worker

Rate of pay

(/hour)

Average number of hours worked per week

Number of workers employed
June November
Skilled 6.50 37 38.5 26
Semi-Skilled 5.10 38.5 39.5 14
Unskilled 3.50 40.5 40 42

Calculate a weighted aggregate index of average weekly pay for November (June=100), using the number of workers employed as a weighting factor.

HARD
11th ICSE
IMPORTANT

Calculate five yearly moving averages of the number of students in a college from the following data and plot them on a graph paper:

Year

1981 1982 1983 1984 1985 1986 1987 1988 1989 1990

No. of students

332 317 357 392 402 405 510 427 405 438

HARD
11th ICSE
IMPORTANT

The number of traffic offences committed in a certain city over a period of 3 years is given in the following table:

  Jan-March April-June July-Sept. Oct.-Dec
2000 74 56 48 69
2001 83 52 49 81
2002 94 60 48 79

Draw a graph illustrating these figures. Calculate suitable moving averages and plot them on the same graph. Comment on the result.