In the context of attributes, the notation (Aβ) represents: MCQ with Answer and Explanation

Question
In the context of attributes, the notation (Aβ) represents:
A. Number having A and B
B. Number not having A but having B
C. Number having A but not B
D. Number not having A and not having B
Answer: Option C
Solution (By JKSSB Mock Tests)
β means not B.
This question belongs to: Accountancy and Statistics Statistics
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Practice More Statistics Questions

Question #1
Bayes' theorem is used to compute:
A. Marginal probability only
B. Prior probability
C. Posterior probability
D. Expected value
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Correct Answer: Option C

Explanation:
Bayes' theorem updates probabilities after observing evidence, giving posterior probabilities.
This question belongs to: Accountancy and Statistics Statistics
Question #2
In the construction of Index Numbers, Geometric Mean is considered better than Arithmetic Mean because:
A. It gives equal weight to equal percentage changes
B. It is easier to calculate
C. It ignores zero values
D. It fails the time reversal test
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Correct Answer: Option A

Explanation:
GM balances out massive price swings better than AM because it treats a doubling (200%) and a halving (50%) equally.
This question belongs to: Accountancy and Statistics Statistics
Question #3
An index number that does not use weights is called:
A. Simple index
B. Laspeyres index
C. Weighted index
D. Fisher index
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Correct Answer: Option A

Explanation:
Simple index numbers give equal importance to all items.
This question belongs to: Accountancy and Statistics Statistics
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