The Paasche index is weighted by: MCQ with Answer and Explanation

The Paasche index is weighted by:
A. Base period prices
B. Fixed weights
C. Current period quantities
D. Base period quantities
Answer: Option C
Solution (By JKExamLibrary)
Paasche price index uses current quantities as weights.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
If a student’s speed is 60 km/h for half the distance and 40 km/h for the other half, the average speed is:
A. 52 km/h
B. 45 km/h
C. 48 km/h
D. 50 km/h

Correct Answer: Option C


Explanation:
Harmonic mean of 60 and 40 = 2/(1/60 + 1/40) = 48 km/h.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Which of the following is a source of secondary data?
A. Personal diary of the investigator
B. Data collected through experiment
C. Unpublished thesis records
D. Direct observation of traffic

Correct Answer: Option C


Explanation:
An unpublished thesis is a document containing data originally collected by someone else, making it secondary data for another researcher.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
In a 2×2 contingency table for attributes A and B, the frequency of (Aβ) represents units that:
A. Possess A but not B
B. Possess A and B
C. Do not possess A but possess B
D. Possess neither A nor B

Correct Answer: Option A


Explanation:
Standard notation: A = presence of attribute A, β = absence of attribute B. Thus, (Aβ) denotes units with attribute A present and attribute B absent.

This question belongs to: Accountancy and Statistics Statistics