The theory of attributes deals with data that is: MCQ with Answer and Explanation

Question
The theory of attributes deals with data that is:
A. Spatially distributed
B. Quantitative and continuous
C. Qualitative and categorical
D. Time-series based
Answer: Option C
Solution (By JKSSB Mock Tests)
Theory of attributes focuses on qualitative characteristics (attributes) that classify units into categories, such as literacy (literate/illiterate) or gender (male/female), rather than numerical measurements.
This question belongs to: Accountancy and Statistics Statistics
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Practice More Statistics Questions

Question #1
The Paasche index is likely to understate price rise because:
A. It uses current year quantities, reflecting substitution
B. It uses base year quantities
C. It uses geometric mean
D. It is unweighted
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Correct Answer: Option A

Explanation:
Substitution away from goods whose prices rose relatively reduces their weight, leading to underestimation.
This question belongs to: Accountancy and Statistics Statistics
Question #2
Which average is most drastically affected by extreme outlier values?
A. Mode
B. Median
C. Geometric Mean
D. Arithmetic Mean
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Correct Answer: Option D

Explanation:
Since the Arithmetic Mean includes every single value in its calculation, a massive outlier will heavily pull the mean.
This question belongs to: Accountancy and Statistics Statistics
Question #3
Paasche price index uses quantities of:
A. Any chosen period
B. Average of base and current
C. Current period
D. Base period
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Correct Answer: Option C

Explanation:
Paasche index uses current period quantities as weights.
This question belongs to: Accountancy and Statistics Statistics
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