Fisher's ideal index satisfies the factor reversal test because: MCQ with Answer and Explanation
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Question #1
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If the infant mortality rate is high, life expectancy at birth is likely to be:
Correct Answer: Option C
Explanation:
High infant deaths reduce average life expectancy.
High infant deaths reduce average life expectancy.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which of the following best defines primary data?
Correct Answer: Option A
Explanation:
Primary data is original data collected firsthand by the investigator specifically for the current research purpose, distinguishing it from secondary data which is pre-existing.
Primary data is original data collected firsthand by the investigator specifically for the current research purpose, distinguishing it from secondary data which is pre-existing.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Assertion (A): Fisher's ideal index satisfies both time reversal and factor reversal tests. Reason (R): Fisher's index is the geometric mean of Laspeyres and Paasche indices. Choose the correct option:
Correct Answer: Option D
Explanation:
Fisher's index indeed satisfies both tests, and the formula (geometric mean) is the reason it meets these tests.
Fisher's index indeed satisfies both tests, and the formula (geometric mean) is the reason it meets these tests.
This question belongs to:
Accountancy and Statistics
Statistics
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