The cost of living index is primarily used for: MCQ with Answer and Explanation
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Question #1
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Gross Reproduction Rate (GRR) is the average number of:
Correct Answer: Option B
Explanation:
GRR considers only female births and ignores mortality.
GRR considers only female births and ignores mortality.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The mode of the dataset: 5, 7, 7, 8, 9, 9, 9, 10 is:
Correct Answer: Option A
Explanation:
The mode is the value that appears most frequently; here, 9 occurs three times, more than any other value, making it the mode.
The mode is the value that appears most frequently; here, 9 occurs three times, more than any other value, making it the mode.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The geometric mean is more appropriate than the arithmetic mean when the data are:
Correct Answer: Option D
Explanation:
GM is suited for averaging ratios because it reflects compounding.
GM is suited for averaging ratios because it reflects compounding.
This question belongs to:
Accountancy and Statistics
Statistics
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