Weighted mean is preferred over simple arithmetic mean when: MCQ with Answer and Explanation

Weighted mean is preferred over simple arithmetic mean when:
A. Observations have different levels of importance or reliability
B. The data is qualitative
C. All observations are equally important
D. The sample size is very small
Answer: Option A
Solution (By JKExamLibrary)
Weighted mean assigns different weights to observations based on their relative importance, providing a more accurate central value when some data points carry more significance than others.

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
The average wage of 10 male workers is Rs. 500, and of 10 female workers is Rs. 400. What is the combined mean wage?
A. 450
B. 460
C. 440
D. 900

Correct Answer: Option A


Explanation:
Combined mean = (n1*x1 + n2*x2) / (n1+n2) = (5000 + 4000) / 20 = 450.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Which of the following is a use of vital statistics?
A. Measuring industrial growth
B. Forecasting stock prices
C. Construction of index numbers
D. Planning health services

Correct Answer: Option D


Explanation:
Vital statistics are essential for public health planning and policy formulation.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Demographic transition theory suggests that in the third stage, populations experience:
A. Declining death rates with high birth rates
B. High birth and death rates
C. High birth and death rates with migration
D. Declining birth rates with low death rates

Correct Answer: Option D


Explanation:
Stage three of demographic transition features falling fertility due to urbanization, education, and contraception, while mortality remains low, leading to slowing population growth.

This question belongs to: Accountancy and Statistics Statistics