Which of the following is a valid probability value? MCQ with Answer and Explanation

Which of the following is a valid probability value?
A. 1.5
B. -0.2
C. 0.75
D. 2
Answer: Option C
Solution (By JKExamLibrary)
Probability must lie between 0 and 1 inclusive. 0.75 is valid.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
In questionnaire design, a 'double-barreled question' is problematic because it:
A. Requires numerical answers
B. Uses technical jargon
C. Asks about two different issues in one question, confusing respondents
D. Is too long for respondents to read

Correct Answer: Option C


Explanation:
Double-barreled questions (e.g., 'Do you find the product affordable and high-quality?') conflate two attributes, making responses ambiguous and uninterpretable for either dimension.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Which index number formula uses the unweighted geometric mean of price relatives?
A. Laspeyres
B. Jevons
C. Fisher
D. Paasche

Correct Answer: Option B


Explanation:
The Jevons index is the geometric mean of the price relatives, giving equal weight to each item.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Which of the following should be avoided in a good questionnaire?
A. Double‑barreled questions
B. Logical sequence
C. Short questions
D. Clear wording

Correct Answer: Option A


Explanation:
A double‑barreled question asks about two issues at once, creating confusion. It should be avoided.

This question belongs to: Accountancy and Statistics Statistics