The best average for constructing an index number is:

(A) Harmonic mean
(B) Arithmetic mean
(C) Geometric mean
(D) None of these

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Solution

Geometric mean is the best average for constructing an index number.
Hence, Option C is correct.

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Similar questions

Indicate the most appropriate alternative from the multiple choices provided against each question.

(i) The most suitable average for qualitative measurement is

(a) Arithmetic mean (b) Median

(e) None of these

(ii) Which average is affected most by the presence of extreme items?

(a) Median (b) Mode

(e) Harmonic mean

(iii) The algebraic sum of deviation of a set of n values from AM is

(a) n (b) 0

Which average is affected most by the presence of extreme items?

(a) median

(b) mode

(d) geometric mean

(e) harmonic mean

4

A

G

2 A + G^{2} = 27

The most suitable average for qualitative measurement is

(a) arithmetic mean

(b) median

(d) geometric mean

(e) none of the above

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