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If ∑ Pnq
n
= 249, ∑ Poqo = 150, Paasche’s Index Number = 150 and Drobiseh and Bowely’s Index number = 145. Then the Fisher’s Ideal Index Number is
  • a)
    75
  • b)
    60
  • c)
    145.97
  • d)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If ∑ Pnqn= 249, ∑ Poqo = 150, Paasche’s Index Number...
Bowley index number=la+pa/2
145=La+150/2
La+150= 290
La=290_150
La =140
(Fishers index number)2= la×pa
(FIN)2=150×140
=21000
=144.913
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Community Answer
If ∑ Pnqn= 249, ∑ Poqo = 150, Paasche’s Index Number...
Given Information
- Pnqn = 249
- Poqo = 150
- Paasches Index Number = 150
- Drobiseh and Bowelys Index number = 145

Fisher's Ideal Index Number
Fisher's Ideal Index Number is a weighted geometric mean of the price relative of the current year and the base year.

Formula:
Fisher's Ideal Index Number = √(Paasches Index Number * Drobiseh and Bowelys Index Number)

Calculation:
- Paasches Index Number = 150
- Drobiseh and Bowelys Index number = 145
- Fisher's Ideal Index Number = √(150 * 145)
- Fisher's Ideal Index Number = √21750
- Fisher's Ideal Index Number = 147.32 (approx)

Therefore, the correct answer is option 'D' (None of these).
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If ∑ Pnqn= 249, ∑ Poqo = 150, Paasche’s Index Number = 150 and Drobiseh and Bowely’s Index number = 145. Then the Fisher’s Ideal Index Number isa)75b)60c)145.97d)None of theseCorrect answer is option 'D'. Can you explain this answer?
Question Description
If ∑ Pnqn= 249, ∑ Poqo = 150, Paasche’s Index Number = 150 and Drobiseh and Bowely’s Index number = 145. Then the Fisher’s Ideal Index Number isa)75b)60c)145.97d)None of theseCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If ∑ Pnqn= 249, ∑ Poqo = 150, Paasche’s Index Number = 150 and Drobiseh and Bowely’s Index number = 145. Then the Fisher’s Ideal Index Number isa)75b)60c)145.97d)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If ∑ Pnqn= 249, ∑ Poqo = 150, Paasche’s Index Number = 150 and Drobiseh and Bowely’s Index number = 145. Then the Fisher’s Ideal Index Number isa)75b)60c)145.97d)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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