Statistics MCQs

Page No. 20

Range of 5,5,5,5, is ________________?


a0

✓


b5

✖


c25

✖


dNone of these

✖


View Answer 0

The A.M. is greater than mode is equal to ______________?


a+vely

✓


bSkewness

✖


cNegatively

✖


dzero

✖


View Answer +vely

In a symmetrical distribution mean, median and mode, _________________?


aPositive

✖


bGreater

✖


cLess than

✖


dCoincide

✓


View Answer Coincide

The formula ∑pnqn/poqn x100 is used to calculate?


aThe Laspeyres price index

✖


bThe Paasche price index

✖


cThe Paasche quantity index

✓


dThe Laspeyres quantity index

✖



The Laspeyres price index_____________?


aRegards the base year quantities as fixed

✓


bRegards the base year price as fixed

✖


cRegards the current year quantities as fixed

✖


dnon of these

✖



This index measure the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household?


aLaspeyres Price Index

✖


bFinancial time Index

✖


cPaasche Price Index

✓


dRetail Price Index

✖


View Answer Paasche Price Index

A simple aggregate quantity index is used to______________?


aMeasure the change in quantity of product

✖


bMeasure the overall change in price of a range of products

✓


cMeasure the overall change in quantity of range of product.

✖


dMeasure the change in price of a product

✖



An index number is used______________?


aTo measure changes in quantity

✖


bTo measure changes in price

✖


cTo measure changes in a variable over time

✓


dTo measure changes in demand

✖



Fisher’s ideal index number is also obtained by _______________?


aTaking A.M. of Laspeyre’s and Paasche’s index

✖


bTaking G.M. of Laspeyre’s and Paasche’s index

✓


cBoth (a) and (b)

✖


dNone of these

✖



Base year quantities are used as weights in _______________?


aLaspeyre’s index

✓


bPaasche’s index

✖


c Fisher’s index

✖


dNone of these

✖


View Answer Laspeyre’s index

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