Laspeyres index formula is: MCQ with Answer and Explanation

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Laspeyres index formula is:

A. Σp₁q₀ / Σp₀q₀ × 100

B. Σp₁q₁ / Σp₀q₀ × 100

C. Σp₁q₁ / Σp₀q₁ × 100

D. √(L×P) × 100

Answer: Option A

Solution (By JKExamLibrary)

Laspeyres uses base quantities as weights.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

In data tabulation, 'footnotes' are used to:

A. Increase table size

B. Replace column headings

C. Display raw data

D. Explain abbreviations, sources, or exceptions not clear in the table body

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Correct Answer: Option D

Explanation:
Footnotes provide essential clarifications, source attributions, or methodological notes that enhance table interpretability without cluttering the main data presentation.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Maternal Mortality Ratio is highest in regions with:

A. Skilled birth attendance and emergency obstetric care

B. Universal health insurance

C. High rates of facility-based deliveries

D. Limited access to prenatal and delivery care

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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