The Wholesale Price Index (WPI) excludes: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Statistics Questions
Question #1
Report Error
Chain base index numbers are particularly useful for analyzing:
Correct Answer: Option D
Explanation:
Chain indices highlight recent changes by using the previous period as base, making them sensitive to short-term dynamics like monthly inflation, though less suitable for long-term trend analysis.
Chain indices highlight recent changes by using the previous period as base, making them sensitive to short-term dynamics like monthly inflation, though less suitable for long-term trend analysis.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
Report Error
Paasche price index is represented by:
Correct Answer: Option A
Explanation:
Paasche uses current period quantities: Σp₁q₁ / Σp₀q₁ × 100.
Paasche uses current period quantities: Σp₁q₁ / Σp₀q₁ × 100.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
Report Error
The mean of a data set is 50 and the median is 52. Using the empirical relation, the approximate mode is:
Correct Answer: Option D
Explanation:
Mode ≈ 3Median - 2Mean = 3×52 - 2×50 = 156 - 100 = 56.
Mode ≈ 3Median - 2Mean = 3×52 - 2×50 = 156 - 100 = 56.
This question belongs to:
Accountancy and Statistics
Statistics
No comments yet. Be the first to start the discussion!