Laspeyres index tends to ______ the price increase. MCQ with Answer and Explanation
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Question #1
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In Bayes' theorem, the probability P(E_i|A) is called:
Correct Answer: Option C
Explanation:
The updated probability after observing the evidence is the posterior probability.
The updated probability after observing the evidence is the posterior probability.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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What is the order of the class frequency denoted by (A)?
Correct Answer: Option D
Explanation:
The order of a class frequency depends on the number of attributes it involves. (A) involves one attribute, making it first order.
The order of a class frequency depends on the number of attributes it involves. (A) involves one attribute, making it first order.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Standardized Death Rate (SDR) is used to:
Correct Answer: Option A
Explanation:
SDR applies age-specific death rates of a population to a standard age distribution, eliminating the confounding effect of age structure to enable fair mortality comparisons across regions or time.
SDR applies age-specific death rates of a population to a standard age distribution, eliminating the confounding effect of age structure to enable fair mortality comparisons across regions or time.
This question belongs to:
Accountancy and Statistics
Statistics
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