Compute Fisher's ideal index from: Σp₀q₀=200, Σp₀q₁=250, Σp₁q₀=300, Σp₁q₁=360. MCQ with Answer and Explanation

Question

Share Report Error

Compute Fisher's ideal index from: Σp₀q₀=200, Σp₀q₁=250, Σp₁q₀=300, Σp₁q₁=360.

A. 146.0

B. 146.97

C. 145.5

D. 147.0

Answer: Option B

Solution (By JKSSB Mock Tests)

Laspeyres = 300/200×100=150. Paasche = 360/250×100=144. Fisher = √(150×144) = √21600 ≈ 146.97.

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

Consumer Price Index (CPI) combines prices of goods and services based on:

A. Government procurement prices

B. Wholesale market transactions

C. Export-import price data

D. Household consumption expenditure patterns

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
CPI weights items according to their share in average household consumption expenditure, derived from consumer expenditure surveys, to reflect the cost of living for typical families.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Share Report

Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates, and if 5-year age groups are used, the sum is multiplied by:

A. 5

B. 2

C. 1000

D. 1

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
TFR = 5 × Σ ASFR_i (when ASFRs are per 1000 women for 5-year age groups) to get children per woman.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Share Report

In a table, the 'caption' refers to:

A. The row headings

B. The column headings

C. The footnotes

D. The title of the table

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Caption (or box-head) contains the headings for columns.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs