An index number measures changes in a variable relative to a: MCQ with Answer and Explanation

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An index number measures changes in a variable relative to a:

A. Current value

B. Future value

C. Average value

D. Base period value

Answer: Option D

Solution (By JKSSB Mock Tests)

Index numbers compare the current level to the base period level, usually expressed as percentage.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Maternal Mortality Ratio (MMR) is expressed as deaths per:

A. 10,000 live births

B. 100,000 live births

C. 1000 live births

D. 100,000 women

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Correct Answer: Option B

Explanation:
MMR = (Maternal deaths / Live births) × 100,000.

This question belongs to: Accountancy and Statistics Statistics

Question #2

For a dataset with values 2, 4, 8, 16, 32, the geometric mean is:

A. 12

B. 6

C. 8

D. 10

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Correct Answer: Option C

Explanation:
Product = 32768. (32768)^(1/5) = 8 (since 8^5 = 32768).

This question belongs to: Accountancy and Statistics Statistics

Question #3

Conditional probability P(A|B) is defined as:

A. P(A∩B) / P(B)

B. P(A) / P(B)

C. P(B) / P(A)

D. P(A∩B) / P(A)

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Correct Answer: Option A

Explanation:
P(A|B) = P(A∩B) / P(B), provided P(B) > 0.

This question belongs to: Accountancy and Statistics Statistics

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