An index number computed by taking the average of price relatives is known as: MCQ with Answer and Explanation

Question

Share Report Error

An index number computed by taking the average of price relatives is known as:

A. Aggregative index

B. Fisher index

C. Average of relatives index

D. Chain index

Answer: Option C

Solution (By JKSSB Mock Tests)

Average of relatives method computes index as mean of (p₁/p₀ × 100).

This question belongs to: Accountancy and Statistics Statistics

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1

Share Report

Assertion (A): The crude death rate of a developed country may be higher than that of a developing country. Reason (R): Developed countries often have an older age structure. Choose the correct option:

A. A is true, R is false

B. A is false, R is true

C. Both A and R are true, and R is the correct explanation of A

D. Both A and R are true, but R is not the correct explanation of A

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
CDR can be higher in developed countries due to larger elderly population, despite lower age-specific mortality. R explains A.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Share Report

Data on attributes is said to be consistent if:

A. All class frequencies are positive integers

B. No calculated class frequency is negative, as negative frequencies are impossible

C. Attributes are independent of each other

D. The sum of all frequencies equals the sample size

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Consistency requires that all derived class frequencies (including ultimate classes) are non-negative, as negative counts are logically impossible in real-world data.

This question belongs to: Accountancy and Statistics Statistics