The median can be located graphically using: MCQ with Answer and Explanation
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Question #1
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Which of the following index numbers satisfies the Circular Test?
Correct Answer: Option A
Explanation:
Fisher's index fails the Circular Test. Only indexes with constant weights, like Kelly's or simple geometric mean of price relatives, pass it.
Fisher's index fails the Circular Test. Only indexes with constant weights, like Kelly's or simple geometric mean of price relatives, pass it.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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For the above frequencies, Yule's coefficient of association Q is:
Correct Answer: Option B
Explanation:
ad = 30×40 = 1200, bc = 20×10 = 200. Q = (1200-200)/(1200+200) = 1000/1400 = 0.714.
ad = 30×40 = 1200, bc = 20×10 = 200. Q = (1200-200)/(1200+200) = 1000/1400 = 0.714.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Which of the following pairs are mutually exclusive?
Correct Answer: Option D
Explanation:
Head and tail cannot occur simultaneously in one toss.
Head and tail cannot occur simultaneously in one toss.
This question belongs to:
Accountancy and Statistics
Statistics
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