The harmonic mean gives more weight to: MCQ with Answer and Explanation

Question Report Error

The harmonic mean gives more weight to:

A. Middle values

B. Larger values

C. Smaller values

D. All values equally

Answer: Option C

Solution (By JKExamLibrary)

HM is the reciprocal of the arithmetic mean of reciprocals, so smaller numbers have larger reciprocals and thus greater influence.

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 mode is not unique when:

A. All values appear exactly once

B. Data are qualitative

C. Data are continuous

D. Two values appear with the same highest frequency

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
If two or more values share the maximum frequency, the distribution is multimodal.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

In data classification, 'class width' refers to:

A. The difference between upper and lower class limits

B. The number of classes in the distribution

C. The frequency of the modal class

D. The midpoint of a class interval

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Class width (or class size) is the difference between the upper and lower boundaries of a class interval, determining the range of values grouped together in a frequency distribution.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Fisher's ideal quantity index formula is:

A. √[ (Σp₀q₁/Σp₀q₀) × (Σp₁q₁/Σp₁q₀) ] × 100

B. (Σp₁q₁/Σp₁q₀) × 100

C. √[ (Σp₁q₀/Σp₀q₀) × (Σp₁q₁/Σp₀q₁) ] × 100

D. (Σp₀q₁/Σp₀q₀) × 100

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Fisher's quantity index is the geometric mean of Laspeyres and Paasche quantity indices.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs