Consider the following statements about ogive: 1. It is a graph of cumulative frequency. 2. The median can be located from the point where cumulative frequency is N/2. 3. Ogive can be used to estimate mode. Which of the above is/are correct? MCQ with Answer and Explanation
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Question #1
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The circular test is most relevant for index numbers used in:
Correct Answer: Option A
Explanation:
The circular test ensures consistency when chaining indices over multiple periods (e.g., 2020→2021→2022), crucial for long-term series where the base period may shift.
The circular test ensures consistency when chaining indices over multiple periods (e.g., 2020→2021→2022), crucial for long-term series where the base period may shift.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Information published by the United Nations Statistical Division is considered as:
Correct Answer: Option A
Explanation:
Data published by international organizations are secondary sources for researchers who use them for their own studies.
Data published by international organizations are secondary sources for researchers who use them for their own studies.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The median is the best measure of central tendency when:
Correct Answer: Option B
Explanation:
Median is robust to outliers, unlike mean.
Median is robust to outliers, unlike mean.
This question belongs to:
Accountancy and Statistics
Statistics
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