Fisher Ideal Index satisfies both the time reversal and the factor reversal tests

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Bachelor of Commerce – B.Com Part 2 (Second Year) Solved Assignments for 2020 Annual Examinations

SOL Solved Assignment

Code : 52411202
Course Title : Business Mathematics and Statistics

52411202: Business Mathematics and Statistics Solved Assignment for 2020

Question 4. (a)From the following data, prove that Fisher Ideal Index satisfies both the time reversal and the factor reversal tests:

Item 2018 2019
Price Quantity Price Quantity
A 6 50 10 60
B 2 100 2 120
C 4 60 6 60

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