Question
Laspeyre's formula has ___________ bias and Paasche's
formula has _________ bias.Solution
Laspeyre's formula has an upward bias and Paasche's formula has a downward bias. This is because Laspeyre’s formula takes base year variables as weights whereas Paasche’s formula takes current year variables as weights.
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
{26.11 x 13.96 - (346.95 - 26.04 x 4.18)} = ?
5 (1/2)% of 3599.67 + {18.11% of 2499.67} + √255.11 - 10% of 1799.99 - (63.01 – 47.08) = ?
47.87% of 749.76 + 35.11% of 399.76 = √? + 23.15 × 20.87
? = 38.97² ÷ (3.99⁵ + 5.89 × 107.32) + 58.24% of (512.12 × 21.07)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
84.8% of (680.3 + 12.5 of 8.2) – 22.1 of √9 = ?
3.98 × 29.67 ÷ 11.90 of √24.89 = ?% of 199.79
30.11% of 149.99 + √ 143.97 ÷ 12.02 = ?
