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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