Factor reversal test requires that the product of a price index and its corresponding quantity index equals: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Statistics Questions
Question #1
Report Error
In probability, the sample space for drawing one card from a standard deck has how many outcomes?
Correct Answer: Option D
Explanation:
A standard deck has 52 distinct cards (4 suits × 13 ranks), so the sample space for a single draw contains 52 equally likely elementary outcomes.
A standard deck has 52 distinct cards (4 suits × 13 ranks), so the sample space for a single draw contains 52 equally likely elementary outcomes.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
Report Error
Crude Birth Rate is the number of live births per ______ population in a year.
Correct Answer: Option A
Explanation:
CBR = (Live births / Mid-year total population) × 1000.
CBR = (Live births / Mid-year total population) × 1000.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
Report Error
If a dataset has values ranging from 10 to 95 and you decide to use a class width of 10, how many classes would be needed for an exclusive frequency distribution?
Correct Answer: Option D
Explanation:
Range = 95 - 10 = 85. Number of classes = Range / Class width = 85 / 10 = 8.5, rounded up to 9 classes to cover the entire data range without gaps.
Range = 95 - 10 = 85. Number of classes = Range / Class width = 85 / 10 = 8.5, rounded up to 9 classes to cover the entire data range without gaps.
This question belongs to:
Accountancy and Statistics
Statistics
No comments yet. Be the first to start the discussion!