Index numbers are typically expressed in: MCQ with Answer and Explanation

Index numbers are typically expressed in:
A. Logarithms
B. Percentages
C. Ratios
D. Absolute units
Answer: Option B
Solution (By JKExamLibrary)
Index numbers are relative measures usually multiplied by 100 to be expressed as percentages for easy comparison.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Maternal Mortality Ratio is highest in regions with:
A. High rates of facility-based deliveries
B. Universal health insurance
C. Skilled birth attendance and emergency obstetric care
D. Limited access to prenatal and delivery care

Correct Answer: Option D


Explanation:
MMR is elevated where women lack access to skilled care during pregnancy and childbirth, leading to unmanaged complications like hemorrhage, sepsis, or obstructed labor.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
If a constant 10 is added to all the observations, the median will:
A. Remain the same
B. Decrease by 10
C. Multiply by 10
D. Increase by 10

Correct Answer: Option D


Explanation:
Median, like mean, is affected by change of origin; it increases by the same constant.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
The Harmonic Mean of 2 and 4 is:
A. 3
B. 3.5
C. 2.83
D. 2.67

Correct Answer: Option D


Explanation:
HM = 2ab / (a+b) = 2(2)(4) / (2+4) = 16/6 = 2.67.

This question belongs to: Accountancy and Statistics Statistics