If events A and B are independent, which of the following is true regarding their complements A' and B'? MCQ with Answer and Explanation
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Question #1
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Chain base index numbers are advantageous when:
Correct Answer: Option D
Explanation:
Chain base indices use the previous period as base, making them sensitive to recent changes and suitable for analyzing short-term fluctuations, though they complicate long-term comparisons.
Chain base indices use the previous period as base, making them sensitive to recent changes and suitable for analyzing short-term fluctuations, though they complicate long-term comparisons.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The sum of 50 observations is 500; the arithmetic mean is:
Correct Answer: Option D
Explanation:
Mean = 500 / 50 = 10.
Mean = 500 / 50 = 10.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Laspeyres' price index formula uses which of the following as weights?
Correct Answer: Option C
Explanation:
Laspeyres' index uses base year quantities (q0) as weights to measure price changes.
Laspeyres' index uses base year quantities (q0) as weights to measure price changes.
This question belongs to:
Accountancy and Statistics
Statistics
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