The theory of attributes deals with data that is: MCQ with Answer and Explanation

Question Report Error
The theory of attributes deals with data that is:
A. Quantitative and continuous
B. Time-series based
C. Qualitative and categorical
D. Spatially distributed
Answer: Option C
Solution (By JKExamLibrary)
Theory of attributes focuses on qualitative characteristics (attributes) that classify units into categories, such as literacy (literate/illiterate) or gender (male/female), rather than numerical measurements.
This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
The process of arranging data into homogeneous groups or classes according to some common characteristics is known as:
A. Editing
B. Compilation
C. Classification
D. Tabulation
Discuss

Correct Answer: Option C

Explanation:
Classification condenses massive data into homogeneous groups, making it easier to analyze.
This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The wholesale price index in India is a:
A. Consumer price index
B. Index of industrial production
C. Cost of living index
D. Price index for goods traded at the wholesale level
Discuss

Correct Answer: Option D

Explanation:
WPI measures wholesale price movements of goods.
This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
The time reversal test is satisfied by:
A. Fisher index
B. Laspeyres index
C. Simple aggregative index
D. Paasche index
Discuss

Correct Answer: Option A

Explanation:
Fisher is the only one among these that satisfies time reversal test.
This question belongs to: Accountancy and Statistics Statistics
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