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.
Read the following statements about frequency distribution: 1. Exclusive class intervals ensure continuity. 2. Inclusive class intervals leave no gaps. 3. Sturges' rule helps determine the number of classes. Which statement(s) is/are correct?
Explanation:
Exclusive intervals (e.g., 0-10, 10-20) are continuous; inclusive intervals (0-9, 10-19) have gaps. Sturges' rule gives k = 1 + 3.322 log N. Statement 2 is wrong because inclusive intervals do have gaps.
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