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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Index number and Mean are one and the same thing.
Reason (R): Mean is the central value of the items present in the series.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false.
- d)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'D'. Can you explain this answer?
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Direction: In the following questions, a statement of Assertion (A) i...
An index number is the measure of change in a variable (or group of variables) over time. Index numbers are one of the most used statistical tools in economics. Index numbers are not directly measurable, but represent general, relative changes. They are typically expressed as percents. Whereas, Mean is the central value of the items present in the series
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Direction: In the following questions, a statement of Assertion (A) i...
Assertion (A): Index number and Mean are one and the same thing.
Reason (R): Mean is the central value of the items present in the series.
Explanation:
Mean:
- The mean is a measure of central tendency in statistics.
- It is calculated by summing up all the values in a data set and dividing the sum by the total number of values.
- The mean represents the average value of the data set.
- It is used to understand the central value around which the data is distributed.
Index number:
- An index number is a statistical measure designed to show changes in a variable or a group of related variables over time.
- It compares the value of the variable at different points in time to a base period.
- Index numbers are used to analyze and interpret trends in various economic and financial indicators.
Relationship between Index number and Mean:
- Index number and mean are not the same thing.
- The mean is a measure of central tendency, while an index number is a measure of relative change or comparison.
- The mean represents the average value of a data set, while an index number compares the values of a variable to a base period.
- The mean is a single value that summarizes the data, while an index number provides a relative comparison.
Conclusion:
The given assertion that "Index number and Mean are one and the same thing" is false. The reason provided, that "Mean is the central value of the items present in the series," is also false. Therefore, the correct answer is option 'D' - Assertion (A) is false, but Reason (R) is true.
Reason (R): Mean is the central value of the items present in the series.
Explanation:
Mean:
- The mean is a measure of central tendency in statistics.
- It is calculated by summing up all the values in a data set and dividing the sum by the total number of values.
- The mean represents the average value of the data set.
- It is used to understand the central value around which the data is distributed.
Index number:
- An index number is a statistical measure designed to show changes in a variable or a group of related variables over time.
- It compares the value of the variable at different points in time to a base period.
- Index numbers are used to analyze and interpret trends in various economic and financial indicators.
Relationship between Index number and Mean:
- Index number and mean are not the same thing.
- The mean is a measure of central tendency, while an index number is a measure of relative change or comparison.
- The mean represents the average value of a data set, while an index number compares the values of a variable to a base period.
- The mean is a single value that summarizes the data, while an index number provides a relative comparison.
Conclusion:
The given assertion that "Index number and Mean are one and the same thing" is false. The reason provided, that "Mean is the central value of the items present in the series," is also false. Therefore, the correct answer is option 'D' - Assertion (A) is false, but Reason (R) is true.
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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?
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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Index number and Mean are one and the same thing.Reason (R): Mean is the central value of the items present in the series.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
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