Statistics MCQs

734 MCQs  (Page 61 of 74)

An Index number of an average quality of wheat in Lahore__________ Index?
A. Volume index number
B. Value index number
C. Quantity index number
D. Weighted index number
A scaling factor is used to_________________?
A. Change a simple index to a weight index
B. Convert the paasche index to a laspeyres index
C. Change the base year
D. Change an aggregate index to a weighted index
A simple aggregate price index_____________?
A. Ignores relative quantities
B. Compares relative quantities to relative prices
C. Compares absolute prices to absolute quantities
D. Compares relative quantities
The Laspeyres and Paasche index are examples of_________________?
A. Aggregate index numbers
B. Weighted index numbers
C. Weighted price index only
D. Weighted quantity index only
The formula ∑poqn/∑poqo x100 is used to calculate_______________?
A. The laspeyres price index
B. The paasche quantity index
C. The laspeyres quantity index
D. The paasche price index
Paasche’s Index number is ______________?
A. ∑pnqo/∑poqo
B. ∑pnqo/∑pnqo x100
C. ∑pnqn/∑poqo
D. ∑pnqn/∑poqn x100
Which of the formula is used in chain indices: ________________?
A. ∑pn/∑po x100
B. Pn/po x100
C. Pn/pn-1 x100
D. Both (a) and (b) but not (c)
The index number of base period is always:_______________?
A. 100
B. 200
C. The price of that year
D. None of these
The ratio of a new price to the base year price is called the___________?
A. Price decrease
B. Price absolute
C. Price increase
D. Price relative