Data consistency in the theory of attributes requires that: MCQ with Answer and Explanation

Data consistency in the theory of attributes requires that:
A. Ultimate class frequencies must be positive or zero
B. All class frequencies must equal N
C. Both A and C
D. No class frequency can be negative
Answer: Option C
Solution (By JKExamLibrary)
For data to be consistent, no ultimate (or any) class frequency can be less than zero.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Which of the following is a method of collecting primary data?
A. Extracting data from internet
B. Referring to old records of a company
C. Schedules sent through enumerators
D. Using published journals

Correct Answer: Option C


Explanation:
Schedules filled by enumerators is a primary data collection method; the others are secondary sources.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The National Sample Survey Office (NSSO) conducts surveys on:
A. Wholesale prices
B. Consumer expenditure and employment
C. Corporate profits
D. Stock market indices

Correct Answer: Option B


Explanation:
NSSO conducts socio-economic surveys, including consumer expenditure, employment-unemployment.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
A medical test has 95% sensitivity and 90% specificity. If disease prevalence is 1%, the probability that a person with a positive test actually has the disease is approximately:
A. 15.3%
B. 95.0%
C. 50.0%
D. 8.7%

Correct Answer: Option D


Explanation:
Using Bayes: P(Disease|Positive) = [Sensitivity × Prevalence] / [Sensitivity×Prev + (1-Specificity)×(1-Prev)] = (0.95×0.01) / (0.95×0.01 + 0.10×0.99) = 0.0095 / (0.0095 + 0.099) = 0.0095/0.1085 ≈ 0.0876 ≈ 8.7%. Highlights low positive predictive value when prevalence is low.

This question belongs to: Accountancy and Statistics Statistics