Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates, and if 5-year age groups are used, the sum is multiplied by: MCQ with Answer and Explanation
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Question #1
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An index number that measures changes in the quantity of goods produced is:
Correct Answer: Option B
Explanation:
Quantity index tracks changes in physical volume of production or consumption.
Quantity index tracks changes in physical volume of production or consumption.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Cost of Living Index is essentially a type of:
Correct Answer: Option A
Explanation:
Cost of Living Index is a specialized CPI that reflects price changes for a consumption basket relevant to a particular demographic (e.g., industrial workers), used for wage adjustments and welfare analysis.
Cost of Living Index is a specialized CPI that reflects price changes for a consumption basket relevant to a particular demographic (e.g., industrial workers), used for wage adjustments and welfare analysis.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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In constructing a frequency distribution with exclusive class intervals, the upper limit of one class is:
Correct Answer: Option A
Explanation:
In exclusive class intervals, the upper limit is not included in the class; observations equal to the upper limit are counted in the next higher class to avoid overlap and ensure mutual exclusivity.
In exclusive class intervals, the upper limit is not included in the class; observations equal to the upper limit are counted in the next higher class to avoid overlap and ensure mutual exclusivity.
This question belongs to:
Accountancy and Statistics
Statistics
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