Which of the following is a characteristic of a good index number? MCQ with Answer and Explanation
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Question #1
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The consistency condition (A) ≥ (AB) is:
Correct Answer: Option B
Explanation:
It is always logically true that the number possessing A cannot be less than those possessing both A and B, and it is required for consistency.
It is always logically true that the number possessing A cannot be less than those possessing both A and B, and it is required for consistency.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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In a frequency distribution, the modal class is the class with:
Correct Answer: Option A
Explanation:
The mode is the most frequent value; the modal class is the interval with the maximum frequency.
The mode is the most frequent value; the modal class is the interval with the maximum frequency.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Gross Reproduction Rate (GRR) of 1.0 means that, on average, each woman has:
Correct Answer: Option B
Explanation:
GRR counts only female births; GRR=1.0 indicates each woman has exactly one daughter on average, suggesting potential replacement of the female population if mortality is ignored.
GRR counts only female births; GRR=1.0 indicates each woman has exactly one daughter on average, suggesting potential replacement of the female population if mortality is ignored.
This question belongs to:
Accountancy and Statistics
Statistics
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