A random experiment is defined as: MCQ with Answer and Explanation

Question Report Error
A random experiment is defined as:
A. An experiment where all outcomes are equally likely
B. An experiment that can be repeated under identical conditions with uncertain outcomes
C. An experiment conducted only once
D. An experiment with a predetermined outcome
Answer: Option B
Solution (By JKExamLibrary)
A random experiment has well-defined possible outcomes, can be repeated under similar conditions, and the exact outcome cannot be predicted with certainty before performing the experiment.
This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
In the theory of attributes, the class frequency (AB) denotes:
A. Number of objects possessing attribute B only
B. Number of objects possessing both A and B
C. Number of objects not possessing A and B
D. Number of objects possessing attribute A only
Discuss

Correct Answer: Option B

Explanation:
The notation (AB) represents the number of items possessing both attributes A and B.
This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The cost of living index is used for:
A. Measuring industrial output
B. Adjusting wages to maintain purchasing power
C. Measuring stock performance
D. Calculating national income
Discuss

Correct Answer: Option B

Explanation:
It tracks changes in the cost of a fixed basket, used for wage indexation.
This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Total Fertility Rate (TFR) is obtained by summing ASFRs for all age groups and multiplying by 5 if 5-year age groups are used. This is because:
A. To standardize for age
B. To adjust for mortality
C. Each ASFR represents a 5-year period
D. To convert rate per 1000 to children per woman
Discuss

Correct Answer: Option C

Explanation:
Summing ASFRs for 5-year groups gives average children per woman for the 5-year span, so multiply by 5.
This question belongs to: Accountancy and Statistics Statistics
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