The Laspeyres price index is 120 and the Paasche price index is 110. Fisher's index is: MCQ with Answer and Explanation

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The Laspeyres price index is 120 and the Paasche price index is 110. Fisher's index is:

A. 113.0

B. 115.5

C. 114.89

D. 115.0

Answer: Option C

Solution (By JKSSB Mock Tests)

√(120×110)=√13200≈114.89.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which of the following pairs are mutually exclusive?

A. Getting an even number and a prime number on a die

B. Getting a 4 and an even number on a die

C. Getting a head and a tail in a single coin toss

D. Drawing a heart and a queen from a deck

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Correct Answer: Option C

Explanation:
Head and tail cannot occur simultaneously in one toss.

This question belongs to: Accountancy and Statistics Statistics

Question #2

In a 2×2 table, if (AB)=100, (Aβ)=150, (αB)=200, (αβ)=250, the total N is:

A. 900

B. 700

C. 800

D. 600

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Correct Answer: Option B

Explanation:
N = sum of all ultimate class frequencies = 100 + 150 + 200 + 250 = 700. This is the total population classified by the two attributes.

This question belongs to: Accountancy and Statistics Statistics

Question #3

In probability, if P(A) = 0, then A is:

A. An impossible event

B. A sure event

C. Both B and C are correct

D. Independent of any other event

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Correct Answer: Option C

Explanation:
An impossible event has probability 0, and it is independent of any event because P(A∩B)=0 = P(A)P(B).

This question belongs to: Accountancy and Statistics Statistics

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