A frequency distribution with open-end intervals cannot be used to compute: MCQ with Answer and Explanation
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Question #1
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Bayes' theorem is expressed as P(A|B) = [P(B|A) × P(A)] / P(B). Here, P(A) is called the:
Correct Answer: Option C
Explanation:
In Bayesian inference, P(A) is the prior probability, representing initial belief about hypothesis A before observing evidence B; P(A|B) is the updated posterior probability.
In Bayesian inference, P(A) is the prior probability, representing initial belief about hypothesis A before observing evidence B; P(A|B) is the updated posterior probability.
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Accountancy and Statistics
Statistics
Question #2
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Laspeyres' price index formula uses which of the following as weights?
Correct Answer: Option C
Explanation:
Laspeyres' index uses base year quantities (q0) as weights to measure price changes.
Laspeyres' index uses base year quantities (q0) as weights to measure price changes.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Standardized Death Rate (SDR) is calculated to:
Correct Answer: Option A
Explanation:
SDR applies age-specific death rates to a standard population age distribution, removing the confounding effect of age composition to reveal true differences in mortality risk.
SDR applies age-specific death rates to a standard population age distribution, removing the confounding effect of age composition to reveal true differences in mortality risk.
This question belongs to:
Accountancy and Statistics
Statistics
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