📈Statistics MCQs
Statistics MCQs
490 MCQs241
All Index numbers are not suitable for all _________________?
AKind
BChain relative
CPurpose
DPrice
242
A scaling factor is used to_________________?
AChange a simple index to a weight index
BConvert the Paasche index to a Laspeyres index
CChange the base year
Dchange an aggregate index to a weighted index
243
The formula ∑poqn/∑poqo x100 is used to calculate_______________?
AThe Laspeyres price index
BThe Paasche quantity index
CThe Laspeyres quantity index
DThe Paasche price index
244
The Laspeyres and Paasche index are examples of_________________?
AAggregate index numbers
BWeighted index numbers
CWeighted price index only
DWeighted quantity index only
245
A simple aggregate price index_____________?
AIgnores relative quantities
BCompares relative quantities to relative prices
CCompares absolute prices to absolute quantities
DCompares relative quantities
246
The ratio of a new price to the base year price is called the___________?
APrice decrease
BPrice absolute
CPrice increase
DPrice relative
247
The index number of base period is always:_______________?
A100
B200
CThe price of that year
DNone of these
248
The weighty system changed with _______________?
AYearly
BBasely
CTimely
DAveragely
249
Link relative = ________________?
APn/Po x 100
BPn/Po x 100
CPn/ Pn-1 x100
DPn/P1 x 100
250
Single number which shows ___________ changes in a phenomenon is called an Index Number?
AOverall
BSame
CVariation
DCapable