Which index number is known as 'ideal'? MCQ with Answer and Explanation

Question

Share Report Error

Which index number is known as 'ideal'?

A. Fisher

B. Marshall-Edgeworth

C. Laspeyres

D. Paasche

Answer: Option A

Solution (By JKSSB Mock Tests)

Fisher's index is called ideal because it satisfies time reversal and factor reversal tests.

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

The concept of 'conditional probability' is needed when:

A. Events are independent

B. We sum probabilities

C. Events are mutually exclusive

D. We want the probability of an event given that another event has already occurred

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Conditional probability deals with the updated probability after knowing another event has occurred.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The harmonic mean gives more weight to:

A. Larger values

B. Middle values

C. All values equally

D. Smaller values

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
HM is the reciprocal of the arithmetic mean of reciprocals, so smaller numbers have larger reciprocals and thus greater influence.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Gross Reproduction Rate (GRR) is the average number of:

A. Live births per 1000 women

B. Sons per woman

C. Daughters per woman

D. Children per woman

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
GRR considers only female births and ignores mortality.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs