The simple aggregative price index is: MCQ with Answer and Explanation

Question Report Error

The simple aggregative price index is:

A. Σp₁ / Σp₀ × 100

B. Σp₁q₀ / Σp₀q₀ × 100

C. Σp₁q₁ / Σp₀q₁ × 100

D. √(L×P) × 100

Answer: Option A

Solution (By JKExamLibrary)

Simple aggregative index sums current prices, divides by sum of base prices, and multiplies by 100.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

The sum of deviations from the mean is always zero because:

A. Data are symmetric

B. Positive and negative deviations cancel out

C. All deviations are equal

D. Mean is the midpoint

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Correct Answer: Option B

Explanation:
Σ (x - x̄) = 0 is an algebraic property.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which measure of central tendency can be determined graphically from an ogive?

A. Mean

B. Median

C. Geometric mean

D. Mode

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Correct Answer: Option B

Explanation:
Median is the x-value corresponding to cumulative frequency N/2 on the ogive.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

If two distributions have the same mean but different standard deviations, which statement is TRUE?

A. Their modes must be equal

B. They have identical shapes

C. The one with larger SD has more spread around the mean

D. Their medians must be equal

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Correct Answer: Option C

Explanation:
Standard deviation measures dispersion; a larger SD indicates greater variability of observations around the mean, regardless of the mean's value or distribution shape.

This question belongs to: Accountancy and Statistics Statistics

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