If P(A)=0.35, P(B)=0.55, and P(A∩B)=0.20, then P(A'∩B') is: MCQ with Answer and Explanation
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Question #1
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The formula for simple aggregative price index is:
Correct Answer: Option C
Explanation:
Simple aggregative index sums current prices and divides by sum of base prices, multiplied by 100.
Simple aggregative index sums current prices and divides by sum of base prices, multiplied by 100.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The primary purpose of the Consumer Price Index (CPI) is to measure:
Correct Answer: Option B
Explanation:
CPI tracks the average price change over time for a representative basket of goods and services purchased by households, serving as the main gauge of consumer inflation.
CPI tracks the average price change over time for a representative basket of goods and services purchased by households, serving as the main gauge of consumer inflation.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Secondary data is characterized by which of the following?
Correct Answer: Option B
Explanation:
Secondary data refers to information that was previously gathered by another party for a different objective and is now being reused for a new study.
Secondary data refers to information that was previously gathered by another party for a different objective and is now being reused for a new study.
This question belongs to:
Accountancy and Statistics
Statistics
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