Which of the following is true about the median? MCQ with Answer and Explanation

Which of the following is true about the median?
A. It is affected by extreme values.
B. It can be computed for ordinal data.
C. It is based on all observations.
D. It is always greater than the mean.
Answer: Option B
Solution (By JKExamLibrary)
Median requires only ranking, so it is suitable for ordinal data.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
A researcher finds (A)=100, (AB)=110. This data is:
A. Indicates perfect association
B. None
C. Inconsistent
D. Consistent

Correct Answer: Option C


Explanation:
(AB) cannot exceed (A) as it is a subset; 110 > 100 violates this, so data inconsistent.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
In a frequency distribution, the modal class is the class with:
A. Largest class interval
B. Highest frequency
C. Highest class mark
D. Median value

Correct Answer: Option B


Explanation:
The mode is the most frequent value; the modal class is the interval with the maximum frequency.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
The mode can be located graphically using a:
A. Histogram
B. Ogive
C. Pie chart
D. Frequency polygon

Correct Answer: Option A


Explanation:
In a histogram, the mode corresponds to the highest bar (modal class); for grouped data, the exact mode can be interpolated within this class using the histogram's geometry.

This question belongs to: Accountancy and Statistics Statistics