If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately: MCQ with Answer and Explanation

If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately:

A. 114.9

B. 114.0

C. 115.5

D. 116.0

Answer: Option A

Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

The Laspeyres price index is 120 and the Paasche price index is 110. Fisher's index is:

A. 115.5

B. 115.0

C. 114.89

D. 113.0

Correct Answer: Option C

Explanation:
√(120×110)=√13200≈114.89.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Maternal Mortality Ratio is defined as maternal deaths per 100,000 live births. It measures:

A. Infant health

B. Risk of death related to pregnancy and childbirth

C. Fertility

D. Child health

Correct Answer: Option B

Explanation:
MMR captures the risk of maternal death per live birth.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Which of the following averages cannot be calculated if the distribution has open-end classes at both extremes?

A. Quartiles

B. Median

C. Arithmetic Mean

D. Mode

Correct Answer: Option C

Explanation:
Mean requires precise midpoints for all classes. Open-end classes lack boundaries, making precise mean calculation impossible.

This question belongs to: Accountancy and Statistics Statistics