Measures of Dispersion MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Measures of Dispersion, 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 Dispersion 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 Dispersion mcq questions that explore various aspects of Measures of Dispersion problems. Each MCQ is crafted to challenge your understanding of Measures of Dispersion 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 Dispersion MCQs are your pathway to success in mastering this essential Business Statistics topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Measures of Dispersion. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Measures of Dispersion knowledge to the test? Let's get started with our carefully curated MCQs!

Measures of Dispersion MCQs | Page 3 of 10

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Q21.
Considering the sales, the coefficient of variation for product X is 9.3% and the coefficient of variation for product Y is 8.9% then sales fluctuation of
Discuss
Answer: (a).product X is higher
Q22.
Considering the standard deviation, the mean absolute deviation is equal to
Discuss
Answer: (c).4โ„5ฯƒ
Q23.
The mean absolute deviation is divided by coefficient of mean absolute deviation to calculate
Discuss
Answer: (c).arithmetic mean
Q24.
The difference between highest and lowest observation is 20 and coefficient of range is 0.077 then sum of highest and lowest value is
Discuss
Answer: (c).260
Q25.
In manufacturing company, the number of employees in unit A is 40, the mean is USD $6400 and the number of employees in unit B is 30 with the mean of Rs. 5500 then the combined arithmetic mean is
Discuss
Answer: (d).6014.29
Q26.
If the quartile deviation of given set of data of 20 observations is 12 then value of the standard deviation is
Discuss
Answer: (b).18
Q27.
The high uniformity of 50% observations around the median value is indicated with the help of
Discuss
Answer: (b).smaller value of quartile deviation
Q28.
The relative measures in measures of dispersion are also considered as
Discuss
Answer: (c).coefficient of variation
Q29.
The standard deviation is divided by the coefficient of variation to calculate
Discuss
Answer: (a).arithmetic mean
Q30.
If the standard deviation is 7 then mean absolute deviation is
Discuss
Answer: (b).5.6