Wholesale Price Index (WPI) in India currently uses which base year? MCQ with Answer and Explanation
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Question #1
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Standardized death rate is used to compare mortality across populations differing in:
Correct Answer: Option A
Explanation:
Age standardization removes the confounding effect of different age compositions.
Age standardization removes the confounding effect of different age compositions.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which of the following is a graphical representation of a frequency distribution?
Correct Answer: Option C
Explanation:
Histogram uses bars to represent class frequencies.
Histogram uses bars to represent class frequencies.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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If P(A)=0.4, P(B)=0.5, and A and B are independent, then P(A' ∩ B') equals:
Correct Answer: Option B
Explanation:
P(A')=0.6, P(B')=0.5, independence ⇒ P(A'∩B') = 0.6 × 0.5 = 0.3.
P(A')=0.6, P(B')=0.5, independence ⇒ P(A'∩B') = 0.6 × 0.5 = 0.3.
This question belongs to:
Accountancy and Statistics
Statistics
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