If Yule's Q = 0.8, it indicates: MCQ with Answer and Explanation

Question
If Yule's Q = 0.8, it indicates:
A. Independence
B. Weak association
C. Strong negative association
D. Strong positive association
Answer: Option D
Solution (By JKSSB Mock Tests)
Q close to +1 indicates strong positive association.
This question belongs to: Accountancy and Statistics Statistics
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Practice More Statistics Questions

Question #1
Yule's coefficient of association Q is calculated using frequencies from a:
A. 2×2 contingency table for two binary attributes
B. Frequency distribution table
C. Time series data
D. Scatter plot
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Correct Answer: Option A

Explanation:
Yule's Q = [(AB)(αβ) - (Aβ)(αB)] / [(AB)(αβ) + (Aβ)(αB)], requiring the four cell frequencies of a 2×2 table cross-classifying two dichotomous attributes.
This question belongs to: Accountancy and Statistics Statistics
Question #2
The Consumer Price Index (CPI) is used to measure:
A. Change in cost of living for households.
B. Industrial production.
C. Inflation at wholesale level.
D. Foreign exchange reserves.
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Correct Answer: Option A

Explanation:
CPI measures retail price changes affecting households' cost of living.
This question belongs to: Accountancy and Statistics Statistics
Question #3
Which of the following data collection methods is most suitable when the area of investigation is large and funds are limited?
A. Schedule through enumerators
B. Observation method
C. Direct personal interview
D. Mailed questionnaire
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Correct Answer: Option D

Explanation:
Mailed questionnaire is economical and can cover a wide area with limited resources.
This question belongs to: Accountancy and Statistics Statistics
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