The main advantage of using secondary data is that it: MCQ with Answer and Explanation
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Question #1
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Fisher's ideal quantity index formula is:
Correct Answer: Option C
Explanation:
Fisher's quantity index is the geometric mean of Laspeyres and Paasche quantity indices.
Fisher's quantity index is the geometric mean of Laspeyres and Paasche quantity indices.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Consider the following statements about ogive: 1. It is a graph of cumulative frequency. 2. The median can be located from the point where cumulative frequency is N/2. 3. Ogive can be used to estimate mode. Which of the above is/are correct?
Correct Answer: Option A
Explanation:
Ogive plots cumulative frequencies; median is at N/2. Mode is not found from ogive; it is found from histogram/frequency polygon.
Ogive plots cumulative frequencies; median is at N/2. Mode is not found from ogive; it is found from histogram/frequency polygon.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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In a mailed questionnaire method, the major disadvantage is:
Correct Answer: Option A
Explanation:
Mailed questionnaires often suffer from low response rates, leading to non-response bias.
Mailed questionnaires often suffer from low response rates, leading to non-response bias.
This question belongs to:
Accountancy and Statistics
Statistics
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