I an Index Number Is a Percent That Measures the Change

question 31

Multiple Choice

i. An index number is a percent that measures the change in price, quantity, value, or some other item of interest from one time to another. ii. The base number for most indexes is 1.
iii. Converting data to indexes makes it easier to compare the trend in a series composed of exceptionally large numbers.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Balanced Die

A die that is perfectly symmetrical in shape and mass distribution, ensuring that each face has an equal chance of landing up when thrown.

Even Number

An Even Number is an integer that can be divided exactly by 2, without leaving a remainder.

Long Term

Refers to a period that extends over a significant length of time, often implying stability or commitment in financial, strategic, or planning contexts.

Mutually Exclusive

Describes two or more events that cannot occur at the same time in a given experiment or situation.