An index number constructed by taking the simple average of price relatives is called: MCQ with Answer and Explanation
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Question #1
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Total Fertility Rate (TFR) represents:
Correct Answer: Option A
Explanation:
TFR is a period measure summing ASFRs across all reproductive ages (typically 15-49), estimating the average completed family size if current fertility patterns persist, crucial for population projections.
TFR is a period measure summing ASFRs across all reproductive ages (typically 15-49), estimating the average completed family size if current fertility patterns persist, crucial for population projections.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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If the probability of a student passing an exam is 0.8 and the probability of another student passing is 0.7, and these events are independent, the probability that at least one passes is:
Correct Answer: Option B
Explanation:
P(at least one) = 1 - P(both fail) = 1 - (0.2×0.3) = 1 - 0.06 = 0.94.
P(at least one) = 1 - P(both fail) = 1 - (0.2×0.3) = 1 - 0.06 = 0.94.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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In a life table, the column Lx represents:
Correct Answer: Option C
Explanation:
Lx is the number of person-years lived in the age interval.
Lx is the number of person-years lived in the age interval.
This question belongs to:
Accountancy and Statistics
Statistics
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