Bayes' theorem is often used in: MCQ with Answer and Explanation

Bayes' theorem is often used in:
A. Constructing index numbers
B. Calculating the mean of a sample
C. Updating probabilities after new evidence
D. Testing independence
Answer: Option C
Solution (By JKExamLibrary)
It's used for probabilistic inference and decision making under uncertainty.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Given N=100, (A)=40, (B)=30. The expected frequency of (AB) under independence is:
A. 40
B. 12
C. 30
D. 20

Correct Answer: Option B


Explanation:
Expected (AB) = (A)×(B)/N = 40×30/100 = 12.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
General Fertility Rate (GFR) is more refined than Crude Birth Rate because it:
A. Adjusts for infant mortality
B. Uses only women of reproductive age in the denominator
C. Includes stillbirths
D. Is easier to calculate

Correct Answer: Option B


Explanation:
GFR restricts the denominator to women aged 15-49, the biologically relevant group for childbearing, providing a more accurate measure of fertility intensity than CBR's total population denominator.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
According to recent estimates (NFHS-5), the Total Fertility Rate (TFR) of India is around:
A. 2.2
B. 2.0
C. 2.5
D. 3.0

Correct Answer: Option B


Explanation:
NFHS-5 (2019-21) reported a TFR of 2.0 children per woman, reaching replacement level.

This question belongs to: Accountancy and Statistics Statistics