Fisher's ideal index is the geometric mean of: MCQ with Answer and Explanation

Question Report Error

Fisher's ideal index is the geometric mean of:

A. Laspeyres and Paasche indices

B. WPI and CPI

C. Simple aggregative and weighted average

D. Time reversal and factor reversal

Answer: Option A

Solution (By JKExamLibrary)

Fisher = √(Laspeyres × Paasche).

This question belongs to: Accountancy and Statistics Statistics

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1 Report Error

The geometric mean of a set of values is less than or equal to the arithmetic mean. This is known as:

A. Central limit theorem

B. Bayes' theorem

C. Time reversal test

D. AM-GM inequality

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
For non-negative numbers, AM ≥ GM always holds.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Bayes' theorem is a formula to calculate:

A. Union of events

B. Reverse conditional probability (posterior)

C. Unconditional probability

D. Intersection of independent events

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
Bayes' theorem calculates the posterior probability of a cause given the observed effect, effectively reversing the conditional direction.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

The mode is not unique when:

A. Data are qualitative

B. Two values appear with the same highest frequency

C. Data are continuous

D. All values appear exactly once

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
If two or more values share the maximum frequency, the distribution is multimodal.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs