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

Question
Which formula uses the arithmetic mean of base and current year quantities as weights?
A. Paasche
B. Laspeyres
C. Dorbish-Bowley
D. Marshall-Edgeworth
Answer: Option D
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 measure of central tendency is most appropriate for finding the typical salary in a company with a few very high earners?
A. Median
B. Mode
C. Mean
D. Harmonic mean
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Correct Answer: Option A

Explanation:
Median is robust to outliers and better represents the typical salary.
This question belongs to: Accountancy and Statistics Statistics
Question #2
In the schedule method of data collection, who fills the form?
A. The supervisor
B. The enumerator
C. The informant
D. A postal agent
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Correct Answer: Option B

Explanation:
Schedule is a form filled by the enumerator while interviewing the informant.
This question belongs to: Accountancy and Statistics Statistics
Question #3
Which of the following indices does NOT satisfy the time reversal test?
A. Laspeyres index
B. Both Laspeyres and Paasche
C. Paasche index
D. Fisher index
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Correct Answer: Option B

Explanation:
Laspeyres and Paasche indices fail the time reversal test; Fisher's index satisfies it.
This question belongs to: Accountancy and Statistics Statistics
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