For a set of discrete values, which measure of central tendency minimizes the sum of squared deviations? MCQ with Answer and Explanation
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Question #1
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The sex ratio in India (Census 2011) is defined as:
Correct Answer: Option C
Explanation:
Sex ratio is females per 1000 males; in 2011 it was 943.
Sex ratio is females per 1000 males; in 2011 it was 943.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Assertion (A): The crude death rate of a developed country may be higher than that of a developing country. Reason (R): Developed countries often have an older age structure. Choose the correct option:
Correct Answer: Option B
Explanation:
CDR can be higher in developed countries due to larger elderly population, despite lower age-specific mortality. R explains A.
CDR can be higher in developed countries due to larger elderly population, despite lower age-specific mortality. R explains A.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The primary measure of inflation used by RBI for monetary policy is:
Correct Answer: Option D
Explanation:
RBI adopted the CPI (Combined) as the key measure of inflation for policy targets.
RBI adopted the CPI (Combined) as the key measure of inflation for policy targets.
This question belongs to:
Accountancy and Statistics
Statistics
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