Which of the following index numbers does NOT require weights? MCQ with Answer and Explanation

Which of the following index numbers does NOT require weights?
A. Laspeyres index
B. Paasche index
C. Fisher index
D. Simple aggregative index
Answer: Option D
Solution (By JKSSB Mock Tests)
Simple aggregative treats all items equally; others are weighted.

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Practice More Statistics Questions

Question #1
Yule's coefficient of association is undefined when:
A. Attributes are independent
B. N is odd
C. (AB) = 0
D. (AB)(αβ) + (Aβ)(αB) = 0

Correct Answer: Option D


Explanation:
Yule's Q = [(AB)(αβ) - (Aβ)(αB)] / [(AB)(αβ) + (Aβ)(αB)]; if the denominator is zero (all cells zero or impossible configuration), Q is undefined, though this rarely occurs in real data.

This question belongs to: Accountancy and Statistics Statistics
Question #2
A cumulative frequency distribution shows the number of observations:
A. Less than or more than certain values
B. Exactly equal to a value
C. Only in the first class
D. In the modal class

Correct Answer: Option A


Explanation:
Cumulative frequencies sum frequencies up to a certain point (less than type) or from a point (more than type).

This question belongs to: Accountancy and Statistics Statistics
Question #3
The property that the sum of squared deviations from the measure is minimum is characteristic of:
A. Mode
B. Arithmetic mean
C. Geometric mean
D. Median

Correct Answer: Option B


Explanation:
The arithmetic mean minimizes the sum of squared deviations, i.e., Σ(x - x̄)² is minimum.

This question belongs to: Accountancy and Statistics Statistics