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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the purpose of an index number?
💡 Hint: Think about how we compare different years or periods.
Question 2
Easy
Define a moving average.
💡 Hint: Consider how averages help to simplify data.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does an index number represent?
- Total sales figures
- Change relative to a base period
- Market share of a product
💡 Hint: Focus on how comparisons are made.
Question 2
True or False: Moving averages can help identify long-term trends.
- True
- False
💡 Hint: Think about how averages work over time.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has a quantity index of 120 in 2022 compared to 100 in 2020. If the value index in 2020 was $50, what will it be in 2022?
💡 Hint: Use the percentage increase based on the quantity index.
Question 2
If a store's average sales over the last 5 days were $200, $250, $300, $150, and $280, what is the simple moving average?
💡 Hint: Think about how to calculate the average by summing and dividing.
Challenge and get performance evaluation