Paasche price index is represented by: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Statistics Questions
Question #1
Report Error
Net Reproduction Rate (NRR) of 1.2 implies that:
Correct Answer: Option A
Explanation:
NRR > 1 means that, accounting for female mortality, a cohort of women has more than one daughter surviving to reproductive age on average, indicating potential population growth in the absence of migration.
NRR > 1 means that, accounting for female mortality, a cohort of women has more than one daughter surviving to reproductive age on average, indicating potential population growth in the absence of migration.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
Report Error
The average wage of 10 male workers is Rs. 500, and of 10 female workers is Rs. 400. What is the combined mean wage?
Correct Answer: Option B
Explanation:
Combined mean = (n1*x1 + n2*x2) / (n1+n2) = (5000 + 4000) / 20 = 450.
Combined mean = (n1*x1 + n2*x2) / (n1+n2) = (5000 + 4000) / 20 = 450.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
Report Error
Consumer Price Index (CPI) includes which of the following that WPI typically excludes?
Correct Answer: Option C
Explanation:
CPI covers a broader basket including consumer services (healthcare, education, transport), while WPI focuses mainly on goods, making CPI more comprehensive for cost-of-living assessment.
CPI covers a broader basket including consumer services (healthcare, education, transport), while WPI focuses mainly on goods, making CPI more comprehensive for cost-of-living assessment.
This question belongs to:
Accountancy and Statistics
Statistics
No comments yet. Be the first to start the discussion!