The chain base index number is calculated by: MCQ with Answer and Explanation
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Question #1
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A researcher studying literacy rates in rural India collects data by personally visiting villages and conducting face-to-face interviews. This approach exemplifies:
Correct Answer: Option D
Explanation:
Direct personal investigation involves the investigator collecting data firsthand through direct interaction with respondents, which is a method of primary data collection.
Direct personal investigation involves the investigator collecting data firsthand through direct interaction with respondents, which is a method of primary data collection.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Geometric mean is most appropriate for averaging:
Correct Answer: Option C
Explanation:
Geometric mean correctly averages multiplicative processes (e.g., compound growth rates) by taking the nth root of the product, avoiding bias from arithmetic mean in ratio contexts.
Geometric mean correctly averages multiplicative processes (e.g., compound growth rates) by taking the nth root of the product, avoiding bias from arithmetic mean in ratio contexts.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Bayes' theorem is based on the concept of:
Correct Answer: Option C
Explanation:
Bayes' theorem expresses the conditional probability P(A|B) in terms of P(B|A) and prior probabilities.
Bayes' theorem expresses the conditional probability P(A|B) in terms of P(B|A) and prior probabilities.
This question belongs to:
Accountancy and Statistics
Statistics
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