6 Questions
In the given assertion (A) and reason (R), which option correctly describes their relationship?
Both A and R are true but R is not the correct explanation of A.
What does the 'base year' represent in the given context?
Price relative
What is the range of the simple correlation coefficient?
Minus one to plus one
If the prices of all commodities have increased 1.25 times in comparison to the base period, what is the index number of prices for that place now?
150
If the index number of prices at a place in 1994 is 250 with 1984 as the base year, then what is the average increase in prices?
150
Which limitation of statistics is highlighted in the given example about cloth and paper businesses' profits?
Misleading averages
Test your knowledge on the use of statistical techniques to analyze economic problems and the effectiveness of policies like family planning in controlling population. Also, assess your understanding of economic concepts related to commodities and base years.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
