No single index number is suitable for every?
Correct answer A. Purpose
Subject / 721 questions
Statistics MCQs
Page 14 of Statistics multiple-choice questions with answers. Tap an option to check yourself.
Page 14 of 37
When a fair coin is tossed, what is the probability of getting any one particular outcome, such as heads?
Correct answer D. 50%
The consumer price index number, which measures changes in the cost of goods bought by consumers, is also called the?
Correct answer D. Cost of living index number
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What term describes events that can occur together without either one influencing the other?
Correct answer A. Independent events
An index number of the average quantity of wheat in Lahore is what type of index?
Correct answer B. Quantity Index Number
Which items are described as exhaustive when, taken together, they make up the whole sample space?
Correct answer B. Events
Fisher’s index number is the geometric mean of which two indices?
Correct answer C. Laspeyres' and Paasche's
How many picture (face) cards are there in a standard pack of 52 playing cards?
Correct answer C. 12
By how many methods is the average calculated in index numbers?
Correct answer D. Three
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What is an event made up of just a single sample point called?
Correct answer C. Elementary event
The objective of an index number also determines its?
Correct answer D. Scope
Which value can the probability of an event never take?
Correct answer A. Negative
An index number that measures the change in the ____ is called an aggregative index number. Which phrase fills the blank?
Correct answer A. Cost of living
A card is drawn at random from a pack of 52. What is the probability that it is a picture card?
Correct answer B. 12/52
An index number is a single figure that shows the ____ changes in a phenomenon. Which word fills the blank?
Correct answer A. Overall
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When a balanced die is rolled once, what is the probability of getting an even number?
Correct answer B. 3/6
A box holds 12 balls, 6 red and 6 white. If one ball is drawn at random, what is the probability that it is white?
Correct answer B. 6/12
The weighting system of an index number is changed with?
Correct answer A. Time
When a fair die is rolled once, how many outcomes are there in the sample space?
Correct answer D. 6
Seasonal and cyclical variations are measured with index numbers in which kind of data?
Correct answer B. Time series