The heading of a column in a table is known as: MCQ with Answer and Explanation
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Question #1
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Age-Specific Fertility Rate is expressed per 1,000 women to:
Correct Answer: Option B
Explanation:
Using a base of 1,000 converts rates to whole numbers (e.g., 120 instead of 0.12), enhancing readability and comparability across age groups and populations without changing the underlying proportion.
Using a base of 1,000 converts rates to whole numbers (e.g., 120 instead of 0.12), enhancing readability and comparability across age groups and populations without changing the underlying proportion.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Paasche's Price Index uses:
Correct Answer: Option B
Explanation:
Paasche uses current year quantities, which makes it reflective of current consumption patterns but suffers from downward bias.
Paasche uses current year quantities, which makes it reflective of current consumption patterns but suffers from downward bias.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately:
Correct Answer: Option D
Explanation:
Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.
Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.
This question belongs to:
Accountancy and Statistics
Statistics
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