Which of the following is true about the mode? MCQ with Answer and Explanation
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Question #1
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The Laspeyres quantity index uses which price weights?
Correct Answer: Option B
Explanation:
Laspeyres quantity index = Σ(q₁p₀)/Σ(q₀p₀) × 100, using base period prices (p₀) as weights to measure quantity changes holding prices constant at base levels.
Laspeyres quantity index = Σ(q₁p₀)/Σ(q₀p₀) × 100, using base period prices (p₀) as weights to measure quantity changes holding prices constant at base levels.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Given (AB)=30, (Aβ)=10, (αB)=10, (αβ)=10. The value of Yule's Q is:
Correct Answer: Option A
Explanation:
ad=30×10=300, bc=10×10=100. Q=(300-100)/(300+100)=200/400=0.5.
ad=30×10=300, bc=10×10=100. Q=(300-100)/(300+100)=200/400=0.5.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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An ogive is used to find which measure of central tendency?
Correct Answer: Option C
Explanation:
Median corresponds to N/2 point on the less-than ogive.
Median corresponds to N/2 point on the less-than ogive.
This question belongs to:
Accountancy and Statistics
Statistics
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