Which test of index numbers is based on the idea that an index should be independent of the units of measurement? MCQ with Answer and Explanation
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Question #1
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Neonatal mortality rate is a subset of:
Correct Answer: Option C
Explanation:
Neonatal deaths (0-28 days) are part of infant deaths (0-1 year).
Neonatal deaths (0-28 days) are part of infant deaths (0-1 year).
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Two dice are rolled. The probability of getting a doublet is:
Correct Answer: Option B
Explanation:
Doublets are (1,1), (2,2), (3,3), (4,4), (5,5), (6,6). Total 6 outcomes out of 36. Prob = 6/36 = 1/6.
Doublets are (1,1), (2,2), (3,3), (4,4), (5,5), (6,6). Total 6 outcomes out of 36. Prob = 6/36 = 1/6.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Compute Fisher's ideal index from: Σp₀q₀=200, Σp₀q₁=250, Σp₁q₀=300, Σp₁q₁=360.
Correct Answer: Option D
Explanation:
Laspeyres = 300/200×100=150. Paasche = 360/250×100=144. Fisher = √(150×144) = √21600 ≈ 146.97.
Laspeyres = 300/200×100=150. Paasche = 360/250×100=144. Fisher = √(150×144) = √21600 ≈ 146.97.
This question belongs to:
Accountancy and Statistics
Statistics
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