Measures of Central Tendency MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Measures of Central Tendency, a fundamental topic in the field of Business Statistics. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Measures of Central Tendency MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Measures of Central Tendency mcq questions that explore various aspects of Measures of Central Tendency problems. Each MCQ is crafted to challenge your understanding of Measures of Central Tendency principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Business Statistics tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Measures of Central Tendency MCQs are your pathway to success in mastering this essential Business Statistics topic.

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Measures of Central Tendency MCQs | Page 7 of 8

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Q61.
The product A has per unit contribution of 6 with the sold quantity of 120 units, product B has per unit contribution of 8 with sold quantity of 100 units and product C has per unit contribution of 10 with sold quantity of 130 units then the weighted average mean is

a.

$7.06

b.

$8.06

c.

$9.06

d.

$10.06

Discuss
Answer: (b).$8.06
Q62.
The type of central tendency measures which divides data set into four equal parts is

a.

quartiles

b.

deciles

c.

percentiles

d.

multiple pile of data

Discuss
Answer: (a).quartiles
Q63.
If value of mode is 14 and value of arithmetic mean is 5 then the value of median is

a.

12

b.

18

c.

8

d.

14

Discuss
Answer: (c).8
Q64.
The properties such as variation, central tendency and shape of distribution of frequency are basis to extract information from

a.

extended measures

b.

skewed measure

c.

ordinal measures

d.

descriptive measures

Discuss
Answer: (d).descriptive measures
Q65.
The numerical value which shows the tendency around central value of cluster is classified as

a.

central tendency

b.

cluster tendency

c.

group tendency

d.

numerical tendency

Discuss
Answer: (a).central tendency
Q66.
The concept used in calculation of index numbers and where smaller observations must be taken into consideration is called

a.

deviation square mean

b.

paired mean

c.

geometric mean

d.

harmonic mean

Discuss
Answer: (c).geometric mean
Q67.
The distribution which has outliers with relatively lower values is considered as

a.

experimentally skewed

b.

exploratory skewed

c.

positively skewed

d.

negatively skewed

Discuss
Answer: (d).negatively skewed
Q68.
The calculation of average which is calculated by pooling the data together from different data sets is classified as

a.

geometric mean

b.

harmonic mean

c.

deviation square mean

d.

paired mean

Discuss
Answer: (a).geometric mean
Q69.
In the measure of central tendency, the sample statistic is denoted by

a.

Athens letter μ

b.

roman letter x̅

c.

Greek letter μ

d.

roman letter μ

Discuss
Answer: (b).roman letter x̅
Q70.
For the individual observations, the reciprocal of arithmetic mean is called

a.

geometric mean

b.

harmonic mean

c.

deviation square mean

d.

paired mean

Discuss
Answer: (b).harmonic mean
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