For an even number of observations, the median is: MCQ with Answer and Explanation

For an even number of observations, the median is:
A. The middle value
B. The most frequent value
C. The average of the two middle values
D. The mean of all values
Answer: Option C
Solution (By JKExamLibrary)
If n is even, median = average of (n/2)th and (n/2 + 1)th ordered values.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Which of the following is a disadvantage of secondary data?
A. Readily available
B. Saves time
C. Cheaper to collect
D. May not fit the exact purpose of the study

Correct Answer: Option D


Explanation:
Secondary data was collected for a different purpose, so it may not perfectly match the current research objective in terms of definitions, coverage, or time period.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
For two positive numbers, the arithmetic mean is 25 and geometric mean is 20. The harmonic mean is:
A. 18
B. 22.5
C. 16
D. 15

Correct Answer: Option C


Explanation:
For two numbers, HM = GM² / AM = (20)² / 25 = 400/25 = 16.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Conditional probability P(A|B) is defined as:
A. P(A∩B) / P(B)
B. P(A∩B) / P(A)
C. P(A) / P(B)
D. P(B) / P(A)

Correct Answer: Option A


Explanation:
P(A|B) = P(A∩B) / P(B), provided P(B) > 0.

This question belongs to: Accountancy and Statistics Statistics