The mean of a data set is 50 and the median is 52. Using the empirical relation, the approximate mode is: MCQ with Answer and Explanation
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Question #1
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Weighted mean is preferred over simple arithmetic mean when:
Correct Answer: Option C
Explanation:
Weighted mean assigns different weights to observations based on their relative importance, providing a more accurate central value when some data points carry more significance than others.
Weighted mean assigns different weights to observations based on their relative importance, providing a more accurate central value when some data points carry more significance than others.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The NRR can be interpreted as the average number of:
Correct Answer: Option A
Explanation:
NRR accounts for both fertility and mortality of women.
NRR accounts for both fertility and mortality of women.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Bayes' theorem is based on the concept of:
Correct Answer: Option B
Explanation:
Bayes' theorem expresses the conditional probability P(A|B) in terms of P(B|A) and prior probabilities.
Bayes' theorem expresses the conditional probability P(A|B) in terms of P(B|A) and prior probabilities.
This question belongs to:
Accountancy and Statistics
Statistics
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