If a dataset is bimodal, it indicates: MCQ with Answer and Explanation
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Question #1
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Which index number formula uses the unweighted geometric mean of price relatives?
Correct Answer: Option B
Explanation:
The Jevons index is the geometric mean of the price relatives, giving equal weight to each item.
The Jevons index is the geometric mean of the price relatives, giving equal weight to each item.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The de facto census method may overcount:
Correct Answer: Option D
Explanation:
De facto census counts people where found on census night, so tourists, migrant workers, or hospital patients may be counted away from their usual residence, potentially inflating counts in transient areas.
De facto census counts people where found on census night, so tourists, migrant workers, or hospital patients may be counted away from their usual residence, potentially inflating counts in transient areas.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Fisher's ideal index for price is given by:
Correct Answer: Option D
Explanation:
Fisher's ideal price index is the geometric mean of the Laspeyres price index (Σp₁q₀/Σp₀q₀) and the Paasche price index (Σp₁q₁/Σp₀q₁), ensuring it satisfies key consistency tests.
Fisher's ideal price index is the geometric mean of the Laspeyres price index (Σp₁q₀/Σp₀q₀) and the Paasche price index (Σp₁q₁/Σp₀q₁), ensuring it satisfies key consistency tests.
This question belongs to:
Accountancy and Statistics
Statistics
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