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

Which of the following statements is true about the median?
A. It is the 50th percentile.
B. It is heavily influenced by outliers.
C. It is always unique.
D. It cannot be computed for grouped data.
Answer: Option A
Solution (By JKExamLibrary)
Median is the 50th percentile. It is unique for a given dataset (may be an interval for grouped). It can be computed for grouped data and is robust to outliers.

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
Harmonic mean is undefined if:
A. Data are continuous
B. Any observation is zero
C. All observations are positive
D. Data are discrete

Correct Answer: Option B


Explanation:
Reciprocals of zero are infinite, making HM undefined.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
If two attributes A and B have a coefficient of association Q = -0.8, this indicates:
A. No association
B. Strong negative association
C. Weak positive association
D. Strong positive association

Correct Answer: Option B


Explanation:
Yule's Q ranges from -1 to +1; values near -1 indicate strong negative association (presence of one attribute tends to coincide with absence of the other), near +1 strong positive association.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
In Bayes' theorem, the initial probabilities before observing evidence are called:
A. Likelihoods
B. Marginal probabilities
C. Prior probabilities
D. Posterior probabilities

Correct Answer: Option C


Explanation:
Prior probabilities represent the initial degree of belief.

This question belongs to: Accountancy and Statistics Statistics