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. Dorbish-Bowley

B. Marshall-Edgeworth

C. Paasche

D. Laspeyres

Answer: Option B

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

Index numbers are generally known as:

A. Demographic indicators

B. Economic barometers

C. Statistical multipliers

D. Trend setters

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Correct Answer: Option B

Explanation:
Index numbers measure changes in the level of an economic phenomenon over time, earning the title 'economic barometers'.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The geometric mean of 2, 4, and 8 is:

A. 3.76

B. 4.67

C. 4

D. 5.33

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Correct Answer: Option C

Explanation:
(2 × 4 × 8)^(1/3) = 64^(1/3) = 4.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The mode of the data: 2, 4, 4, 6, 6, 6, 8, 8 is:

A. 8

B. No mode

C. 4

D. 6

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Correct Answer: Option D

Explanation:
6 appears three times, more than any other value.

This question belongs to: Accountancy and Statistics Statistics

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