Standardized Death Rate (SDR) is calculated to: MCQ with Answer and Explanation
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Question #1
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The primary purpose of the Consumer Price Index (CPI) is to measure:
Correct Answer: Option C
Explanation:
CPI tracks the average price change over time for a representative basket of goods and services purchased by households, serving as the main gauge of consumer inflation.
CPI tracks the average price change over time for a representative basket of goods and services purchased by households, serving as the main gauge of consumer inflation.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The sum of absolute deviations of values is minimum when measured from the:
Correct Answer: Option C
Explanation:
A mathematical property of the Median is that the sum of the absolute deviations (ignoring signs) from it is minimized.
A mathematical property of the Median is that the sum of the absolute deviations (ignoring signs) from it is minimized.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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If events A and B are independent, which of the following is true regarding their complements A' and B'?
Correct Answer: Option D
Explanation:
A fundamental theorem of probability states that if A and B are independent, their complements A' and B' are also independent.
A fundamental theorem of probability states that if A and B are independent, their complements A' and B' are also independent.
This question belongs to:
Accountancy and Statistics
Statistics
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