SSC CGL Exam > SSC CGL Notes > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Quantity Index Numbers, Business Mathematics and Statistics
Quantity Index Numbers, Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year PDF Download
QUANTITY INDEX NUMBERS
Just as the price index number measures the changing prices of the goods so a quantity index number measures the change in quantity/volume of the goods produced, sold or consumed. The method of construction of quantity index number are similar to the methods discussed above in the context of price index. The only difference is that the quantity index formula are obtained from the corresponding price index formula by an interchange of p by q & q by p.
Thus the following list of formulae can be derived :
Unweighted Index : Simple Aggregative Method
Unweighted Index : Simple Average of Quantity Relative Method –
When Arithmetic Mean is used for averaging the relatives
– When Geometric Mean is used for averaging the relatives
Weighted Index : Simple Aggregative Method
– Laspeyres’ Method
– Paasche’s Method
– Dorbish & Bowley’s Method
– Fisher ‘ideal’ Method
– Marshall-Edgeworth Method
— Kelly’s Method
Weighted Index : Weighted Average of Relative Method
– When Arithmetic Mean is used for averaging
where 
– When Geometric Mean is used for averaging
The document Quantity Index Numbers, Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year is a part of the SSC CGL Course SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
All you need of SSC CGL at this link: SSC CGL
|
1365 videos|1312 docs|1010 tests
|
FAQs on Quantity Index Numbers, Business Mathematics and Statistics - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What are Quantity Index Numbers? |  |
Ans. Quantity Index Numbers are statistical measures used to compare the physical quantities of a particular item or group of items over time. They provide a way to track changes in the quantity of goods produced, consumed, or traded.
| 2. How are Quantity Index Numbers calculated? | |
Ans. Quantity Index Numbers are calculated by dividing the current quantity of a particular item by the base quantity and multiplying the result by 100. This calculation is done for each time period being compared, allowing for the comparison of quantities over time.
| 3. What is the significance of Quantity Index Numbers in business mathematics? | |
Ans. Quantity Index Numbers play a crucial role in business mathematics as they help in analyzing and understanding the changes in the physical quantities of goods or services. They provide insights into production trends, consumption patterns, and trade volumes, which are essential for making informed business decisions.
| 4. How do Quantity Index Numbers differ from Price Index Numbers? | |
Ans. Quantity Index Numbers and Price Index Numbers are both used to measure changes, but they focus on different aspects. Quantity Index Numbers measure the changes in physical quantities, while Price Index Numbers track changes in prices. By combining both, we can analyze changes in the value of goods or services.
| 5. Can Quantity Index Numbers be used to compare the quantities of different items? | |
Ans. Yes, Quantity Index Numbers can be used to compare the quantities of different items. By calculating and comparing the index numbers for different items, we can assess the changes in their respective quantities over time. This allows for a comprehensive analysis of various products or services and helps in identifying trends and patterns.
Related Exams
About this Document
|
5.6K Views |
|
4.80/5 Rating |
|
Nov 21, 2024 Last updated |
Document Description: Quantity Index Numbers, Business Mathematics and Statistics for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Quantity Index Numbers, Business Mathematics and Statistics have been prepared according to the SSC CGL exam syllabus. Information about Quantity Index Numbers, Business Mathematics and Statistics covers topics
like and Quantity Index Numbers, Business Mathematics and Statistics Example, for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Quantity Index Numbers, Business Mathematics and Statistics.
Introduction of Quantity Index Numbers, Business Mathematics and Statistics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
for SSC CGL & Quantity Index Numbers, Business Mathematics and Statistics in Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course.
Download more important topics related with notes, lectures and mock test series for SSC CGL
Exam by signing up for free. SSC CGL: Quantity Index Numbers, Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
Description
Full syllabus notes, lecture & questions for Quantity Index Numbers, Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL | Plus excerises question with solution to help you revise complete syllabus for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year | Best notes, free PDF download
Information about Quantity Index Numbers, Business Mathematics and Statistics
In this doc you can find the meaning of Quantity Index Numbers, Business Mathematics and Statistics defined & explained in the simplest way possible. Besides explaining types of
Quantity Index Numbers, Business Mathematics and Statistics theory, EduRev gives you an ample number of questions to practice Quantity Index Numbers, Business Mathematics and Statistics tests, examples and also practice SSC CGL
tests
|
1365 videos|1312 docs|1010 tests
|
Download as PDF
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,MCQs
,Free
,video lectures
,Previous Year
,Important questions
,Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material
,Semester Notes
,shortcuts and tricks
,ppt
,Quantity Index Numbers
,Quantity Index Numbers
,Viva Questions
,Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material
,Online Tests
,Sample Paper
,Online Tests
,Summary
,Extra Questions
,Previous Year Questions with Solutions
,Business Mathematics and Statistics | SSC CGL Tier 2 - Study Material
,practice quizzes
,Quantity Index Numbers
,Exam
,Previous Year
,Previous Year
,past year papers
,study material
,Online Tests
,mock tests for examination
;
Additional Information about Quantity Index Numbers, Business Mathematics and Statistics for SSC CGL Preparation
Quantity Index Numbers, Business Mathematics and Statistics Free PDF Download
The Quantity Index Numbers, Business Mathematics and Statistics is an invaluable resource that delves deep into the core of the SSC CGL exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Quantity Index Numbers, Business Mathematics and Statistics now and kickstart your journey towards success in the SSC CGL exam.
Importance of Quantity Index Numbers, Business Mathematics and Statistics
The importance of Quantity Index Numbers, Business Mathematics and Statistics cannot be overstated, especially for SSC CGL aspirants.
This document holds the key to success in the SSC CGL exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Quantity Index Numbers, Business Mathematics and Statistics Notes
Quantity Index Numbers, Business Mathematics and Statistics Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Quantity Index Numbers, Business Mathematics and Statistics.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Quantity Index Numbers, Business Mathematics and Statistics Notes on EduRev are your ultimate resource for success.
Quantity Index Numbers, Business Mathematics and Statistics SSC CGL Questions
The "Quantity Index Numbers, Business Mathematics and Statistics SSC CGL Questions" guide is a valuable resource for all aspiring students preparing for the
SSC CGL exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Quantity Index Numbers, Business Mathematics and Statistics on the App
Students of SSC CGL can study Quantity Index Numbers, Business Mathematics and Statistics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Quantity Index Numbers, Business Mathematics and Statistics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Quantity Index Numbers, Business Mathematics and Statistics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup