The circular test is satisfied by: MCQ with Answer and Explanation

Question
The circular test is satisfied by:
A. Fisher index
B. Chain index using fixed weight price relatives
C. Fixed weight aggregates
D. Both A and C
Answer: Option D
Solution (By JKSSB Mock Tests)
Fixed weight aggregates and chain indices with consistent linking can satisfy circular test, while Fisher does not.
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
Which of the following is an attribute in statistical context?
A. Nationality
B. Weight
C. Income
D. Height
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Nationality is a qualitative characteristic, hence an attribute. Height and weight are variables.
This question belongs to: Accountancy and Statistics Statistics
Question #2
The harmonic mean of speeds 30 km/h and 60 km/h for equal distances is:
A. 40 km/h
B. 50 km/h
C. 45 km/h
D. 55 km/h
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
For equal distances, average speed = harmonic mean = 2 / (1/30 + 1/60) = 2 / (2/60 + 1/60) = 2 / (3/60) = 2 × 20 = 40 km/h. Arithmetic mean (45) would be incorrect here.
This question belongs to: Accountancy and Statistics Statistics
Question #3
Which measure of central tendency is most suitable for averaging rates, ratios, and speeds over equal distances?
A. Weighted Mean
B. Geometric Mean
C. Harmonic Mean
D. Arithmetic Mean
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Harmonic mean is mathematically appropriate for averaging rates and speeds when the distance is constant.
This question belongs to: Accountancy and Statistics Statistics
Explore All Statistics MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Computer 5279 Science 4430 Geography GK 6121 Current Affairs 575 Static General Knowledge 6362
Practice Mix
The street ______ I live on is quiet.
What is the capacity unit for modern RAM modules?
Which of the following is a Rabi millet?
An object moving with uniform circular motion has
Identify the error: 'You are senior than me.'