If in a moderately skewed distribution mean = 30 and median = 28, the empirical mode is approximately: MCQ with Answer and Explanation

Question Report Error

If in a moderately skewed distribution mean = 30 and median = 28, the empirical mode is approximately:

A. 26

B. 32

C. 24

D. 22

Answer: Option C

Solution (By JKExamLibrary)

Using the empirical relation: Mode ≈ 3Median - 2Mean = 3×28 - 2×30 = 84 - 60 = 24.

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

The simple aggregative price index is:

A. Σp₁ / Σp₀ × 100

B. Σp₁q₁ / Σp₀q₁ × 100

C. Σp₁q₀ / Σp₀q₀ × 100

D. √(L×P) × 100

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Simple aggregative index sums current prices, divides by sum of base prices, and multiplies by 100.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following index numbers does NOT require weights?

A. Laspeyres index

B. Paasche index

C. Simple aggregative index

D. Fisher index

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Simple aggregative treats all items equally; others are weighted.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Bayes' theorem is particularly useful in:

A. Updating beliefs with new evidence in diagnostic testing or machine learning

B. Calculating simple probabilities

C. Determining sample size

D. Constructing frequency distributions

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Bayes' theorem provides a formal framework for revising prior probabilities based on observed data, crucial in medical testing (e.g., disease probability given positive test) and Bayesian statistics.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs