If the arithmetic mean of a distribution is 25 and the median is 24, the distribution is likely: MCQ with Answer and Explanation
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Question #1
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If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately:
Correct Answer: Option A
Explanation:
Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.
Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.
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Accountancy and Statistics
Statistics
Question #2
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The mode is not unique when:
Correct Answer: Option B
Explanation:
If two or more values share the maximum frequency, the distribution is multimodal.
If two or more values share the maximum frequency, the distribution is multimodal.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The mode of the data: 2, 4, 4, 6, 6, 6, 8, 8 is:
Correct Answer: Option D
Explanation:
6 appears three times, more than any other value.
6 appears three times, more than any other value.
This question belongs to:
Accountancy and Statistics
Statistics
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