MGT207 Business Statistics

Business StatisticsTU Board 2080

An inquiry among the budget of middle class families in a certain city gave the following information.ExpensesFoodFuelClothingRentother35%10%20%15%20%Price in 201514523653040Price in…

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An inquiry among the budget of middle class families in a certain city gave the following information.ExpensesFoodFuelClothingRentother35%10%20%15%20%Price in 201514523653040Price in 201615025753045What is the cost of living index number of 2016 as compared with that 2015, if the average salary of Rs. 20,000 per month is raised to Rs. 21,000 in 2016, is it adequate? If not, what should be the adequate salary in 2016?

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