The Laspeyres price index is 120 and the Paasche price index is 110. Fisher's index is: MCQ with Answer and Explanation
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Question #1
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The Harmonic Mean of 2 and 4 is:
Correct Answer: Option A
Explanation:
HM = 2ab / (a+b) = 2(2)(4) / (2+4) = 16/6 = 2.67.
HM = 2ab / (a+b) = 2(2)(4) / (2+4) = 16/6 = 2.67.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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For inclusive class intervals like 10-19, 20-29, the true class boundaries are obtained by:
Correct Answer: Option D
Explanation:
Inclusive series have gaps; adjusting by half the gap (0.5) gives continuous boundaries: 9.5-19.5, 19.5-29.5, etc.
Inclusive series have gaps; adjusting by half the gap (0.5) gives continuous boundaries: 9.5-19.5, 19.5-29.5, etc.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The curve obtained by joining the midpoints of histogram bars is:
Correct Answer: Option C
Explanation:
Frequency polygon connects class midpoints with lines.
Frequency polygon connects class midpoints with lines.
This question belongs to:
Accountancy and Statistics
Statistics
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