Question # 1

When the price of a year is divided by the price of the preceding year we get.

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Price index

simple relative

Link relative

Value index

Index numbers are divided into following tow types.

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Un- weighted and weighted index numbers

Simple and un-weighted index numbers

Price and quantity index numbers

Simple and composite index numbers

The number of commodities in the construction of whole sale index should between 20 to 50, according to.

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Fisher

Marshall

Edgeworth

Paasche's

The measures of central tendency listed below are.

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the mean

The range

Standard deviation

The variance

The elimination of extreme scores at the bottom of the set has the effect of.

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Difficult to tell

Lowering the mean

Raising the mean

No effect

The term 'even' is used for.

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Sample space

A sub -set of the sample space

Probability

Total number of out comes

The part of the table containing column captions is called

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Stub

Box -head

Body

Prefactory

The sum of the deviations is zero when the deviations are taken from

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Mean

Median

Mode

Weighted mean

A graph of cumulative frequeny is called.

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Frequency polygon

Ogive

Histogram

Polygon

The heading for differnet rows are called.

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Rows captions

Column captions

Stubs

Both a and c

In fixed base method the base period should be.

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Normal year

Abnormal year

Fluctuatingyear

Both b and c

For a given class 34-36, the mid point will be.

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32

33

34

35

When a dice are rolled, the possible outcomes are.

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2

6

4

6n

Which of the following is called an ideal index number.

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Paasche's index number

Laspeyre's index number

Marshal's index number

Fisher's index number

If any value in the data is zero, then it is not possible to have.

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H.M

A.M

G.M

Median

The probability of a jack card form 52 playing cards is.

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4/52

21/52

13/52

26/52

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Business Statistics Icom Part 2 English Medium Online Test MCQs With Answers

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