If a data set has a median of 50, it means: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Statistics Questions
Question #1
Report Error
The circular test is satisfied if an index allows comparison of period 2 with period 0 via period 1, i.e., P₀₁ × P₁₂ = P₀₂. Which index commonly fails this test?
Correct Answer: Option A
Explanation:
Laspeyres index uses fixed base-period weights, so P₀₁ × P₁₂ ≠ P₀₂ in general due to weight rigidity, failing the circular test; Fisher's index satisfies it under certain conditions.
Laspeyres index uses fixed base-period weights, so P₀₁ × P₁₂ ≠ P₀₂ in general due to weight rigidity, failing the circular test; Fisher's index satisfies it under certain conditions.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
Report Error
Which of the following is a principle of a good questionnaire?
Correct Answer: Option B
Explanation:
Simple and clear language reduces misunderstanding and improves response quality.
Simple and clear language reduces misunderstanding and improves response quality.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
Report Error
Paasche's Price Index uses:
Correct Answer: Option B
Explanation:
Paasche uses current year quantities, which makes it reflective of current consumption patterns but suffers from downward bias.
Paasche uses current year quantities, which makes it reflective of current consumption patterns but suffers from downward bias.
This question belongs to:
Accountancy and Statistics
Statistics
No comments yet. Be the first to start the discussion!