Vital statistics are crucial for calculating which of the following indicators? MCQ with Answer and Explanation
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Question #1
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A researcher finds (A)=100, (AB)=110. This data is:
Correct Answer: Option B
Explanation:
(AB) cannot exceed (A) as it is a subset; 110 > 100 violates this, so data inconsistent.
(AB) cannot exceed (A) as it is a subset; 110 > 100 violates this, so data inconsistent.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Consumer Price Index (CPI) combines prices of goods and services based on:
Correct Answer: Option C
Explanation:
CPI weights items according to their share in average household consumption expenditure, derived from consumer expenditure surveys, to reflect the cost of living for typical families.
CPI weights items according to their share in average household consumption expenditure, derived from consumer expenditure surveys, to reflect the cost of living for typical families.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The mode can be found graphically by:
Correct Answer: Option D
Explanation:
The modal class is the tallest bar in a histogram.
The modal class is the tallest bar in a histogram.
This question belongs to:
Accountancy and Statistics
Statistics
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