In a sample survey, the difference between the sample estimate and the true population value is called: MCQ with Answer and Explanation

In a sample survey, the difference between the sample estimate and the true population value is called:

A. Non-sampling error

B. Response error

C. Sampling error

D. Bias

Answer: Option C

Sampling error arises because only a part of the population is surveyed.

This question belongs to: Accountancy and Statistics Statistics

No comments yet. Be the first to start the discussion!

Question #1 Report Error

Which test of index numbers is based on the idea that an index should be independent of the units of measurement?

A. Unit test

B. Time reversal test

C. Circular test

D. Factor reversal test

Correct Answer: Option A

Explanation:
Unit test requires that the index number should be independent of the units in which prices or quantities are measured.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following is a cause of decline in India's infant mortality rate?

A. Increase in poverty

B. Decrease in female literacy

C. Higher fertility

D. Improved immunization and healthcare facilities

Correct Answer: Option D

Explanation:
Better health services, immunization, and sanitation reduce infant deaths.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Dorbish and Bowley's price index is the:

A. Arithmetic mean of Laspeyres and Paasche

B. Geometric mean of Laspeyres and Paasche

C. Difference between Laspeyres and Paasche

D. Harmonic mean of Laspeyres and Paasche

Correct Answer: Option A

Explanation:
Dorbish-Bowley index averages the Laspeyres and Paasche formulas using a simple arithmetic mean: (L + P) / 2.

This question belongs to: Accountancy and Statistics Statistics