Principles of Acceptance Sampling and Index Numbers Quiz
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Questions and Answers

Which of the following is a concept related to acceptance sampling?

  • Price relatives
  • AQL (correct)
  • Construction of seasonal indices
  • Growth curves

    • Which index number is computed using Laspeyre's, Paasche's, Marshal-Edgeworth's, and Fisher's methods?

  • Additive models
  • Quantity or volume relatives
  • Consumer price index numbers
  • Chain base index number (correct)

    • What kind of test is used to check the accuracy of index numbers?

  • Tests for seasonal fluctuations
  • Time and factor reversal test (correct)
  • Tests for growth curves
  • Tests for trend determination

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