Laspeyres price index is 115 and Paasche price index is 110. The Bowley index (arithmetic mean of L and P) is approximately: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Statistics Questions
Question #1
Report Error
General Fertility Rate (GFR) is the number of live births per:
Correct Answer: Option D
Explanation:
GFR = (Live births / Women aged 15-49) × 1000, focusing on the population at risk.
GFR = (Live births / Women aged 15-49) × 1000, focusing on the population at risk.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
Report Error
In a factory, machine A produces 60% of items (defective 2%) and machine B 40% (defective 5%). If an item is defective, the probability it came from B is:
Correct Answer: Option A
Explanation:
Bayes: P(B|D)= (0.05×0.4)/(0.02×0.6 + 0.05×0.4) = 0.02/0.032 = 0.625.
Bayes: P(B|D)= (0.05×0.4)/(0.02×0.6 + 0.05×0.4) = 0.02/0.032 = 0.625.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
Report Error
Neonatal Mortality Rate (NMR) specifically measures deaths occurring:
Correct Answer: Option B
Explanation:
NMR = (Deaths under 28 days / Live births) × 1,000. It isolates early infancy mortality, often reflecting quality of obstetric and immediate newborn care.
NMR = (Deaths under 28 days / Live births) × 1,000. It isolates early infancy mortality, often reflecting quality of obstetric and immediate newborn care.
This question belongs to:
Accountancy and Statistics
Statistics
No comments yet. Be the first to start the discussion!