The mode is the value that: MCQ with Answer and Explanation

The mode is the value that:
A. Is the average
B. Is the midpoint
C. Divides data into two equal parts
D. Occurs most frequently
Answer: Option D
Solution (By JKExamLibrary)
Mode is the most common observation.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Crude Death Rate (CDR) for a population of 50,000 with 400 deaths in a year is:
A. 0.8 per 1000
B. 80 per 1000
C. 0.08 per 1000
D. 8 per 1000

Correct Answer: Option D


Explanation:
CDR = (400 / 50000) × 1000 = 0.008 × 1000 = 8 per 1000.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Which of the following best defines primary data?
A. Data obtained from previously published sources
B. Data collected by an investigator for the first time for a specific purpose
C. Data that has been analyzed and interpreted by another researcher
D. Data collected through secondary sources like journals and reports

Correct Answer: Option B


Explanation:
Primary data is original data collected firsthand by the investigator specifically for the current research purpose, distinguishing it from secondary data which is pre-existing.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Data compiled from several sources and presented in a unified manner is an example of:
A. Primary data
B. Secondary data
C. Raw data
D. Experimental data

Correct Answer: Option B


Explanation:
Compiled data from existing sources is secondary data.

This question belongs to: Accountancy and Statistics Statistics