In tabulation, 'box-head' refers to: MCQ with Answer and Explanation

In tabulation, 'box-head' refers to:

A. The footnotes

B. The title of the table

C. The part of the table containing column headings

D. The left part with row headings

Answer: Option C

Box-head is the portion above the stub containing the column captions.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

What is the primary advantage of the Weighted Arithmetic Mean over the Simple Arithmetic Mean?

A. It gives appropriate importance to different items based on their significance

B. It can be calculated for qualitative data

C. It ignores extreme values

D. It is easier to calculate

Correct Answer: Option A

Explanation:
Weighted mean assigns weights proportional to the relative importance of items, providing a more accurate average.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Bayes' theorem is based on the concept of:

A. Joint probability only

B. Disjoint events

C. Conditional probability

D. Unconditional probability

Correct Answer: Option C

Explanation:
Bayes' theorem expresses the conditional probability P(A|B) in terms of P(B|A) and prior probabilities.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

If N=100, (A)=50, (B)=40, and (αβ)=30, then (AB) is:

A. 40

B. 10

C. 20

D. 30

Correct Answer: Option C

Explanation:
(αβ)= N - (A) - (B) + (AB) → 30 = 100-50-40 + (AB) → (AB)=20.

This question belongs to: Accountancy and Statistics Statistics