For two attributes, if N=100, (A)=60, (B)=50, the maximum possible value of (AB) is: MCQ with Answer and Explanation

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For two attributes, if N=100, (A)=60, (B)=50, the maximum possible value of (AB) is:

A. 60

B. 50

C. 10

D. 100

Answer: Option B

Solution (By JKSSB Mock Tests)

(AB) cannot exceed either (A) or (B); maximum is min((A),(B)) = 50.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The consistency condition (A) ≥ (AB) is:

A. Always true

B. A necessary condition for data consistency

C. Sometimes false

D. Both A and C

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Correct Answer: Option D

Explanation:
It is always logically true that the number possessing A cannot be less than those possessing both A and B, and it is required for consistency.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which index number is known as 'ideal'?

A. Laspeyres

B. Paasche

C. Marshall-Edgeworth

D. Fisher

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Correct Answer: Option D

Explanation:
Fisher's index is called ideal because it satisfies time reversal and factor reversal tests.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The harmonic mean of 1, 2, and 4 is:

A. 12/7

B. 7/12

C. 7/3

D. 3/7

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Correct Answer: Option A

Explanation:
HM = 3 / (1 + 1/2 + 1/4) = 3 / 1.75 = 12/7.

This question belongs to: Accountancy and Statistics Statistics

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