The geometric mean of a set of values is less than or equal to the arithmetic mean. This is known as: MCQ with Answer and Explanation

The geometric mean of a set of values is less than or equal to the arithmetic mean. This is known as:
A. Bayes' theorem
B. Time reversal test
C. AM-GM inequality
D. Central limit theorem
Answer: Option C
Solution (By JKExamLibrary)
For non-negative numbers, AM ≥ GM always holds.

This question belongs to: Accountancy and Statistics Statistics

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For an even number of observations, the median is:
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B. The average of the two middle values
C. The mean of all values
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Correct Answer: Option B


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If n is even, median = average of (n/2)th and (n/2 + 1)th ordered values.

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If the mean of five numbers is 10 and four of them are 8, 9, 11, 12, the fifth number is:
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Correct Answer: Option D


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