A random experiment has outcomes that are: MCQ with Answer and Explanation

A random experiment has outcomes that are:
A. Always equally likely
B. Uncertain but with known possible outcomes
C. Predictable with certainty
D. Impossible to list
Answer: Option B
Solution (By JKExamLibrary)
In a random experiment, individual outcomes are uncertain, but the set of all possible outcomes is known.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Net Reproduction Rate (NRR) of 0.95 implies that:
A. Each generation of women is not fully replacing itself
B. Fertility is above replacement level
C. Mortality has no impact on reproduction
D. Population will double in 20 years

Correct Answer: Option A


Explanation:
NRR < 1 means that, accounting for female mortality, a cohort of women has fewer than one daughter on average surviving to reproductive age, indicating long-term population decline without migration.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The total fertility rate (TFR) is the sum of age-specific fertility rates multiplied by the width of age interval. If 5-year groups, it is multiplied by:
A. 1
B. 5
C. 10
D. 1000

Correct Answer: Option B


Explanation:
TFR = 5 × Σ ASFR (per woman) if ASFR are computed per 1000 women per 5-year interval and divided by 1000 appropriately. Actually, if ASFRs are in per 1000, TFR = 5 × Σ ASFR_i / 1000.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Index numbers are typically expressed in:
A. Logarithms
B. Absolute units
C. Ratios
D. Percentages

Correct Answer: Option D


Explanation:
Index numbers are relative measures usually multiplied by 100 to be expressed as percentages for easy comparison.

This question belongs to: Accountancy and Statistics Statistics