Time reversal test in index numbers implies that if the base and current periods are interchanged, the resulting index should be the ______ of the original. MCQ with Answer and Explanation
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Question #1
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A frequency distribution is best described as:
Correct Answer: Option D
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.
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Accountancy and Statistics
Statistics
Question #2
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If Laspeyres' index is 121 and Paasche's index is 100, Fisher's index is:
Correct Answer: Option A
Explanation:
Fisher's = square root of (Laspeyres * Paasche) = sqrt(121 * 100) = sqrt(12100) = 110.
Fisher's = square root of (Laspeyres * Paasche) = sqrt(121 * 100) = sqrt(12100) = 110.
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Accountancy and Statistics
Statistics
Question #3
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Crude Death Rate (CDR) is expressed as deaths per:
Correct Answer: Option B
Explanation:
CDR = (Number of deaths in a year / Mid-year population) × 1,000. It is a basic mortality indicator, though sensitive to population age structure.
CDR = (Number of deaths in a year / Mid-year population) × 1,000. It is a basic mortality indicator, though sensitive to population age structure.
This question belongs to:
Accountancy and Statistics
Statistics
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