The number of classes in a frequency distribution is determined by: MCQ with Answer and Explanation

The number of classes in a frequency distribution is determined by:
A. Range of data and number of observations
B. Median only
C. Mean of data
D. Mode only
Answer: Option A
Solution (By JKExamLibrary)
Class intervals are chosen based on the spread and size of data.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
NRR = 0.8 means:
A. High growth
B. Each generation is not replacing itself
C. Population is stable
D. Population is doubling

Correct Answer: Option B


Explanation:
NRR < 1 indicates population decline in the long run.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Assertion (A): Primary data collection is generally more time-consuming than secondary data collection. Reason (R): Primary data requires designing instruments, sampling, and fieldwork, whereas secondary data is readily available.
A. Both A and R are true, but R is not the correct explanation of A
B. A is false but R is true
C. A is true but R is false
D. Both A and R are true, and R is the correct explanation of A

Correct Answer: Option D


Explanation:
Primary data collection involves extensive planning, instrument design, sampling, and field execution, making it inherently more time-intensive than accessing pre-existing secondary data.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
The circular test is satisfied by:
A. Fixed weight aggregates
B. Both A and C
C. Fisher index
D. Chain index using fixed weight price relatives

Correct Answer: Option B


Explanation:
Fixed weight aggregates and chain indices with consistent linking can satisfy circular test, while Fisher does not.

This question belongs to: Accountancy and Statistics Statistics