An index number computed by taking the average of price relatives is known as: MCQ with Answer and Explanation
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Question #1
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Which of the following is an attribute in statistical context?
Correct Answer: Option B
Explanation:
Nationality is a qualitative characteristic, hence an attribute. Height and weight are variables.
Nationality is a qualitative characteristic, hence an attribute. Height and weight are variables.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Fisher's ideal index is 120 and Laspeyres index is 125. Paasche index is:
Correct Answer: Option A
Explanation:
F = √(L×P) ⇒ 120 = √(125×P) ⇒ 14400 = 125×P ⇒ P = 115.2.
F = √(L×P) ⇒ 120 = √(125×P) ⇒ 14400 = 125×P ⇒ P = 115.2.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Which of the following is NOT a method of collecting primary data?
Correct Answer: Option A
Explanation:
Using published government reports is a source of secondary data. The other methods involve collecting data firsthand.
Using published government reports is a source of secondary data. The other methods involve collecting data firsthand.
This question belongs to:
Accountancy and Statistics
Statistics
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