Important MCQs Based on Index Numbers (2023)

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This Post Contains Multiple Choice Questions from Introductory Statistics for the preparation of exams and different tests. This page includes the Online MCQs Based on Index Numbers for the preparation of different statistics and job-related examinations. Let us start with the MCQs based on Index Numbers, which is the first quiz on index numbers.

Online MCQs based on Index Numbers

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Multiple Choice Questions about Index Number. The test about Index Numbers for the preparation of FPSC Statistical Officer will help you in online preparation for the post of Lecturer, Statistical Officer, and other statistics-related jobs.

  • Construction of Index Numbers follows steps (i) Object of Index Number, (ii) Choice of items, (iii) Choice of Base Period, (iv) Collection of Prices of Items, (v) Choice of Average, (vi) Selection of Proper Weights
  • Fixed Base Method
  • Chain Base Method
  • Composite Index Numbers
  • Un-weighted index Numbers which include (i) Simple Aggregative Index Numbers, (ii) Simple Average of Relatives Index Numbers
  • Weighted Index Numbers include (i) Weighted Aggregative Index Numbers, (ii) Weighted Average of Relatives Index Numbers
  • The Weighted Aggregative Index Numbers include (i) Laspeyre’s Index Number, (ii) Paasche’s Index Number, (iii) Fisher Idea Index Number, Value Index Number,
  • Consumer Price Index Numbers. The important steps in the construction of CPI numbers include (i) Choosing the class of people, (ii) Selection of commodities, (iii) Budget Inquiry, (iv) Collection of Prices, (v) Calculation of CPI Numbers
Online MCQs Based on Index Numbers

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Charts and Graphs Quiz Best MCQs

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These Online MCQs Charts and Graphs Quiz contain questions from different topics related to the graphical Presentation of data in statistics MCQs which include, Histogram, Frequency distribution (Relative frequency distribution, Cumulative Frequency distribution),  Bar chart, Pie chart, Line graph, scatter diagram, etc.

Charts and Graphs Quiz

MCQs Charts and Graphs Quiz 06Data Visualization Questions 5Charts and Graphs MCQs 04
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Online MCQs Charts and Graphs Quiz with Answers

This graph and chart multiple-choice questions (MCQ) test contains questions from different topics related to the graphical Presentation of data in statistics MCQs which include, Frequency distribution (Relative frequency distribution, Cumulative Frequency distribution), Bar graph, Pie chart, Line graph, scatter diagram, etc.

Graphs and charts are common methods to get a visual inspection of data. Graphs and charts are the graphical summaries of the data. Graphs represent diagrams of a mathematical or statistical function, while a chart is a graphical representation of the data. In the charts, the data is represented by symbols.

The most commonly used graphs and charts are bar charts, histograms, pie charts, and line graphs. Graphs are used to get quick ideas and decisions about phenomena under study. Generally, graphs and charts are used to get the distribution of data. However, different graphs and charts are used to get quite different information.

For example, line graphs are used to get ideas about changes over short/long periods of time. Bar graphs and their further types (cluster bar graph, stacked bar graph) are used to compare the differences among the groups. Pie charts are used to get the proportional contribution of each group about the whole.

Charts and Graphs Quiz

The important features of graphs and charts are (1) Title: the title of charts and graphs tells us what the subject of the chart or graph is, (2) Vertical Axis: the vertical axis tells us what is being measured in the chart and a graph, and (3) Horizontal Axis: the horizontal axis tells us the units of measurement represented.

There are various mathematical and statistical software that can be used to draw charts and graphs. For example, MS-Excel, Minitab, SPSS, SAS, STATA, Graph Maker, Matlab, Mathematica, R, Exlstat, Python, Maple, etc.

Note that

  • All graphs are charts, but not all charts are graphs.
  • Charts present information in a general way.
  • Graphs show the connections between pieces of data.
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Best Online Probability Quizzes

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This post contains MCQs about Online Probability Quiz, events, experiments, mutually exclusive events, collectively exhaustive events, sure events, impossible events, addition and multiplication laws of probability, etc. Let us start the MCQs Online Probability Quiz:

Online Probability Quiz

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Online Quiz Probability

Probability is concerned with how events are likely to occur. It is a way of assigning a numerical value between 0 (impossible event) and 1 (sure event) to represent the chance of something happening. The higher the probability, the more likely the event.

Online Probability Quiz

Some of the important probability terms:

  • Event: An event is any outcome or set of outcomes from a random experiment.
  • Favorable Outcome: An outcome that satisfies the event one is interested in.
  • Independent Events: Events are considered independent if the outcome of one event does not affect the probability of the other event. For example, outcomes from Rolling a die and flipping a coin are independent events.
  • Dependent Events: Events are said to be dependent if the outcome of one affects the probability of the other. For example, drawing a card from a standard deck of cars and then drawing another card without replacing the first one is an example of dependent events.
Online Probability Quiz Central Limit Theorem

Probability and its computations are performed in many fields, including statistics, finance, gambling, and even artificial intelligence. Probability is a fundamental tool for making predictions and analyzing data under uncertainty.

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