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
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Question #1
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Which of the following best defines primary data in statistical research?
Correct Answer: Option B
Explanation:
Primary data refers to first-hand information collected directly by the researcher for a specific statistical objective.
Primary data refers to first-hand information collected directly by the researcher for a specific statistical objective.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The ‘footnote’ of a statistical table is used to:
Correct Answer: Option A
Explanation:
Footnotes clarify specific cells or data points; the source is typically given separately, and the title is at the top.
Footnotes clarify specific cells or data points; the source is typically given separately, and the title is at the top.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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General Fertility Rate (GFR) is expressed per:
Correct Answer: Option C
Explanation:
GFR = (Live births in a year / Mid-year population of women aged 15-49) × 1,000, standardizing fertility measurement to the population at risk of childbearing.
GFR = (Live births in a year / Mid-year population of women aged 15-49) × 1,000, standardizing fertility measurement to the population at risk of childbearing.
This question belongs to:
Accountancy and Statistics
Statistics
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