(A) Price decrease
(B) Price absolute
(C) Price increase
(D) Price relative
Category: Statistics Mcqs
Explore a comprehensive collection of Statistics Multiple Choice Questions (MCQs) designed to test your knowledge and enhance your understanding. Our curated database covers a wide range of statistical concepts, providing a valuable resource for students, educators, and professionals. Practice Statistics MCQs to sharpen your skills and excel in your studies or career. Start mastering statistics today!
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 Σpoqn/Σpoqo 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
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
All Index numbers are not suitable for all __.
(A) Kind
(B) Chain relative
(C) Purpose
(D) Price
Consumer price Index Number also called __ is designed to measure changes.
(A) Cost Living Index number
(B) Whole Sale Index number
(C) weighted Index Number
(D) Consumer Index Number
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