A median can be determined graphically using: MCQ with Answer and Explanation

Question Report Error

A median can be determined graphically using:

A. Ogive (Cumulative Frequency Curve)

B. Histogram

C. Pie chart

D. Scatter diagram

Answer: Option A

Solution (By JKExamLibrary)

The median is found graphically by plotting the 'less than' and 'more than' ogives; their intersection point corresponds to the median.

This question belongs to: Accountancy and Statistics Statistics

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1 Report Error

Which of the following is a valid probability value?

A. 1.5

B. 0.75

C. -0.2

D. 2

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
Probability must lie between 0 and 1 inclusive. 0.75 is valid.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following pairs are mutually exclusive?

A. Drawing a heart and a queen from a deck

B. Getting an even number and a prime number on a die

C. Getting a head and a tail in a single coin toss

D. Getting a 4 and an even number on a die

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Head and tail cannot occur simultaneously in one toss.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Fisher's ideal index is called 'ideal' primarily because it:

A. Is the easiest to calculate

B. Uses only current period data

C. Satisfies both time reversal and factor reversal tests

D. Ignores quantity changes

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Fisher's index earns the 'ideal' label by mathematically satisfying two key consistency tests (time reversal and factor reversal), ensuring logical coherence in index number construction.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs