Which formula uses the arithmetic mean of base and current year quantities as weights? MCQ with Answer and Explanation

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Which formula uses the arithmetic mean of base and current year quantities as weights?

A. Marshall-Edgeworth

B. Dorbish-Bowley

C. Laspeyres

D. Paasche

Answer: Option A

Solution (By JKSSB Mock Tests)

Marshall-Edgeworth uses the sum (or arithmetic average) of quantities from both years: w = (q0 + q1).

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which of the following ensures that a questionnaire is reliable?

A. Asking leading questions

B. Including ambiguous terms

C. Clear and simple language

D. Making it very long

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Correct Answer: Option C

Explanation:
Clarity and simplicity improve understanding and reduce measurement error.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If P(A)=0.6, P(B)=0.5, P(A∩B)=0.4, then P(A|B) is:

A. 0.8

B. 0.75

C. 0.67

D. 0.4

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Correct Answer: Option A

Explanation:
P(A|B) = P(A∩B)/P(B) = 0.4/0.5 = 0.8.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Net Reproduction Rate (NRR) of 0.95 implies that:

A. Each generation of women is not fully replacing itself

B. Population will double in 20 years

C. Mortality has no impact on reproduction

D. Fertility is above replacement level

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Correct Answer: Option A

Explanation:
NRR < 1 means that, accounting for female mortality, a cohort of women has fewer than one daughter on average surviving to reproductive age, indicating long-term population decline without migration.

This question belongs to: Accountancy and Statistics Statistics

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