The time reversal test checks whether an index number yields consistent results when: MCQ with Answer and Explanation

Question

Share Report Error

The time reversal test checks whether an index number yields consistent results when:

A. Weights are changed

B. Units are changed

C. The base and current periods are reversed

D. The formula is applied to different data

Answer: Option C

Solution (By JKSSB Mock Tests)

The product of the forward and backward indices should be 1.

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

In a Poisson distribution, P(X=0) = e^{-λ}. If λ=2, P(X=0) is about:

A. 0.05

B. 0.135

C. 0.271

D. 0.2

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
e^{-2} ≈ 0.1353.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If the price index for 2020 with base 2015 is 125, and for 2025 with base 2020 is 120, the index for 2025 with base 2015 using chain method is:

A. 125 × 1.2 = 150

B. 145

C. 140

D. 150

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Chain index = 125 × (120/100) = 125 × 1.2 = 150.

This question belongs to: Accountancy and Statistics Statistics

Question #3

For two attributes, if (AB) is less than the expected frequency under independence, there is:

A. Negative association

B. Perfect association

C. Positive association

D. No association

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Observed less than expected indicates negative association.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs