The harmonic mean is most appropriate for: MCQ with Answer and Explanation
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Question #1
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A major disadvantage of secondary data is:
Correct Answer: Option C
Explanation:
Secondary data was collected for a different purpose; definitions and coverage may differ.
Secondary data was collected for a different purpose; definitions and coverage may differ.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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If the price index rises from 100 to 120, the purchasing power of money:
Correct Answer: Option A
Explanation:
Purchasing power = 1/price index. Old: 1/100=0.01, new: 1/120≈0.00833, decline = (0.01-0.00833)/0.01 = 0.1667 or 16.67%.
Purchasing power = 1/price index. Old: 1/100=0.01, new: 1/120≈0.00833, decline = (0.01-0.00833)/0.01 = 0.1667 or 16.67%.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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General fertility rate (GFR) is defined as:
Correct Answer: Option A
Explanation:
GFR = (Live births / Women 15-49) × 1000.
GFR = (Live births / Women 15-49) × 1000.
This question belongs to:
Accountancy and Statistics
Statistics
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