The index that measures changes in retail prices for industrial workers is: MCQ with Answer and Explanation
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Question #1
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The formula for simple aggregative price index is:
Correct Answer: Option B
Explanation:
Simple aggregative index sums current prices and divides by sum of base prices, multiplied by 100.
Simple aggregative index sums current prices and divides by sum of base prices, multiplied by 100.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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In Fisher's ideal index, which mean is used to combine Laspeyres and Paasche indices?
Correct Answer: Option B
Explanation:
Fisher's ideal index is the geometric mean of the Laspeyres and Paasche indices.
Fisher's ideal index is the geometric mean of the Laspeyres and Paasche indices.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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In a binomial distribution with n=4 and p=1/2, the probability of exactly 2 successes is:
Correct Answer: Option A
Explanation:
C(4,2)×(1/2)^2×(1/2)^2 = 6×1/4×1/4=6/16=3/8.
C(4,2)×(1/2)^2×(1/2)^2 = 6×1/4×1/4=6/16=3/8.
This question belongs to:
Accountancy and Statistics
Statistics
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