Which of the following is an index number used to measure inflation in India? MCQ with Answer and Explanation
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Question #1
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The harmonic mean is most appropriate for averaging:
Correct Answer: Option A
Explanation:
Harmonic mean is used for rates where the numerator is constant, such as average speed for fixed distances.
Harmonic mean is used for rates where the numerator is constant, such as average speed for fixed distances.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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If the variance of a dataset is 16, the standard deviation is:
Correct Answer: Option A
Explanation:
SD = √variance = 4.
SD = √variance = 4.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Which measure of central tendency can be used for open‑end distributions?
Correct Answer: Option B
Explanation:
The median can be determined even if the extreme classes are open‑ended, as long as the median class is not open.
The median can be determined even if the extreme classes are open‑ended, as long as the median class is not open.
This question belongs to:
Accountancy and Statistics
Statistics
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