Which average is most drastically affected by extreme outlier values? MCQ with Answer and Explanation
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Question #1
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Which of the following is NOT a test of index numbers?
Correct Answer: Option A
Explanation:
Common tests are time reversal, factor reversal, and circular test. 'Mean test' is not standard.
Common tests are time reversal, factor reversal, and circular test. 'Mean test' is not standard.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Infant Mortality Rate (IMR) is calculated as:
Correct Answer: Option B
Explanation:
IMR = (Number of infant deaths (under 1 year) in a year / Number of live births in the same year) × 1,000. It is a sensitive indicator of healthcare quality and socioeconomic conditions.
IMR = (Number of infant deaths (under 1 year) in a year / Number of live births in the same year) × 1,000. It is a sensitive indicator of healthcare quality and socioeconomic conditions.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Consider the following: 1. CPI-IW is compiled by Labour Bureau. 2. CPI-Rural, Urban, Combined base year is 2012. 3. CPI basket includes both goods and services. Which of the above is/are correct?
Correct Answer: Option C
Explanation:
All three statements are factually correct.
All three statements are factually correct.
This question belongs to:
Accountancy and Statistics
Statistics
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