The median of the dataset: 10, 15, 20, 25, 30, 35 is: MCQ with Answer and Explanation
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Question #1
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Index numbers are primarily used to:
Correct Answer: Option B
Explanation:
Index numbers express relative changes in a variable (e.g., prices, quantities) compared to a base period or location, facilitating comparison of trends, inflation, or economic performance.
Index numbers express relative changes in a variable (e.g., prices, quantities) compared to a base period or location, facilitating comparison of trends, inflation, or economic performance.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which of the following index numbers does NOT require weights?
Correct Answer: Option C
Explanation:
Simple aggregative treats all items equally; others are weighted.
Simple aggregative treats all items equally; others are weighted.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Which question type is MOST appropriate for collecting sensitive information like income in a survey?
Correct Answer: Option C
Explanation:
Income ranges reduce respondent discomfort and non-response by avoiding precise disclosure while still providing usable data for analysis, balancing privacy and research needs.
Income ranges reduce respondent discomfort and non-response by avoiding precise disclosure while still providing usable data for analysis, balancing privacy and research needs.
This question belongs to:
Accountancy and Statistics
Statistics
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