The factor reversal test is satisfied by: MCQ with Answer and Explanation

Question

Share Report Error

The factor reversal test is satisfied by:

A. Paasche index

B. Marshall-Edgeworth index

C. Fisher index

D. Laspeyres index

Answer: Option C

Solution (By JKSSB Mock Tests)

Only Fisher's ideal index satisfies both the time reversal and factor reversal tests.

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

Vital statistics are derived primarily from:

A. Agricultural censuses

B. Industrial surveys

C. Civil registration systems

D. Stock market indices

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
The continuous, permanent, and compulsory recording of vital events (births, deaths) happens via civil registration.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The mode of a continuous frequency distribution can be estimated using the formula:

A. L + [(f₁ - f₀) / (f₁ - f₂)] × h

B. L + [(f₁ - f₀) / (2f₁ - f₀ - f₂)] × h

C. L + (h / 2)

D. L + [(f₀ - f₁) / (f₀ + f₁)] × h

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
For grouped data, mode = L + [(f₁ - f₀) / (2f₁ - f₀ - f₂)] × h, where L=lower limit of modal class, f₁=frequency of modal class, f₀=previous class frequency, f₂=next class frequency, h=class width.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The class midpoint is also known as:

A. Class limit

B. Class frequency

C. Class interval

D. Class mark

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Class mark = (lower limit + upper limit)/2.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs