The Wholesale Price Index (WPI) in India is compiled by: MCQ with Answer and Explanation
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Question #1
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The intersection of an event A and its complement A' is:
Correct Answer: Option C
Explanation:
An event and its complement are mutually exclusive; they cannot occur simultaneously, so their intersection is empty.
An event and its complement are mutually exclusive; they cannot occur simultaneously, so their intersection is empty.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which of the following errors is exclusively associated with the collection of secondary data?
Correct Answer: Option A
Explanation:
Secondary data was originally collected for a different purpose, hence it might not strictly align with the current study's objectives.
Secondary data was originally collected for a different purpose, hence it might not strictly align with the current study's objectives.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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A frequency distribution is best described as:
Correct Answer: Option C
Explanation:
A frequency distribution organizes data into classes or intervals and displays the count (frequency) of observations falling within each class, summarizing the data's pattern.
A frequency distribution organizes data into classes or intervals and displays the count (frequency) of observations falling within each class, summarizing the data's pattern.
This question belongs to:
Accountancy and Statistics
Statistics
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