The weighted harmonic mean is appropriate for averaging: MCQ with Answer and Explanation

The weighted harmonic mean is appropriate for averaging:
A. Prices when quantities purchased are the weights
B. Test scores with equal importance
C. Ratios where the denominators are the weights
D. Speeds when distances traveled at each speed are equal
Answer: Option C
Solution (By JKExamLibrary)
Weighted harmonic mean = Σw / Σ(w/x), ideal for averaging rates or ratios (e.g., price per unit) when the weights correspond to the denominators (e.g., quantities), ensuring correct aggregation.

This question belongs to: Accountancy and Statistics Statistics

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1 Report Error
Consistency of attribute data requires that all ultimate class frequencies must be:
A. Equal
B. Negative
C. Non-negative
D. Zero

Correct Answer: Option C


Explanation:
All ultimate frequencies like (AB), (Aβ), etc., must be ≥ 0 for data to be consistent.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The process of checking and correcting data for errors before tabulation is called:
A. Compilation
B. Coding
C. Analysis
D. Editing

Correct Answer: Option D


Explanation:
Editing involves scrutinizing the collected data to identify and correct errors.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
A 'life table' provides estimates of:
A. Migration rates
B. Probability of dying at each age and life expectancy
C. Population density
D. Fertility rates only

Correct Answer: Option B


Explanation:
Life tables summarize age-specific mortality and survival.

This question belongs to: Accountancy and Statistics Statistics