The 'source' of data in a table is usually given: MCQ with Answer and Explanation
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Question #1
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For an open-end frequency distribution, a suitable measure of central tendency is:
Correct Answer: Option B
Explanation:
The median can be determined even if the extremes are open-ended, as long as the median class is closed.
The median can be determined even if the extremes are open-ended, as long as the median class is closed.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Consider the following: I. Observation method can record attitudes. II. Interview method allows probing. III. Mailed questionnaire has high response rate. Which of the above is/are correct?
Correct Answer: Option A
Explanation:
Observation cannot capture attitudes; mailed questionnaire often suffers from low response rate. Interview method does allow probing.
Observation cannot capture attitudes; mailed questionnaire often suffers from low response rate. Interview method does allow probing.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Consumer Price Index (CPI) includes which of the following that WPI typically excludes?
Correct Answer: Option C
Explanation:
CPI covers a broader basket including consumer services (healthcare, education, transport), while WPI focuses mainly on goods, making CPI more comprehensive for cost-of-living assessment.
CPI covers a broader basket including consumer services (healthcare, education, transport), while WPI focuses mainly on goods, making CPI more comprehensive for cost-of-living assessment.
This question belongs to:
Accountancy and Statistics
Statistics
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