Explore topic-wise InterviewSolutions in .

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

51.

When a constant figure is added to each individual score, what will be the effect on the mean value?1. Mean value will be added by the same figure2. Mean value will be subtracted by the same figure3. Mean value will be multiplied by the same figure4. Mean value will be divided by the same figure

Answer» Correct Answer - Option 1 : Mean value will be added by the same figure

Arithmetic mean: The arithmetic mean is the most commonly used measure of central tendency. The mean represents the central tendency. It is defined as the sum of the values of all observations divided by the number of observations and is usually denoted by X. 

  • In general, if there are N observations as X1, X2, X3, ..., XN, then the Arithmetic Mean is given by

Mean= \({X1 + X2 + X3 +...+ Xn}\over n\).

  • This will be written in simpler form without the index i.
  • Thus mean = \(ΣX\over N\) where, ΣX = sum of all observations and N = total number of observations. 
  • Consider it: The mean of 1, 2, 3, 4, is \(1+2+3+4+5\over 5\) = 3. Let us add '2' to each term, we get, \(3+4+5+6+7\over 5\) = 5
  • It should be noted that on adding '2' to each team, the average is also increased by 2.

Hence, we conclude that when a constant figure is added to each individual score, the mean value will be added by the same figure.

52.

-- is used whenever the relative importance of the items in a series differs (a)Simple arithmetic mean (b) Weighted arithmetic mean (c)Geometric mean (d)None

Answer»

Weighted arithmetic mean is used whenever the relative importance of the items in a series differs .

53.

 Median is a ----- average(a) Mathematical (b) Positional (c) Both (d) None

Answer»

Median is a Positiona average 

54.

---- divides the data into 4 equal parts(a) Quartiles (b) Mean (c) Median (d)Range 

Answer»

Quartiles divides the data into 4 equal parts 

55.

Weighted averages are used in the calculation of (a)death rate (b)birth rate (c)Both (d)None

Answer»

death rate & birth rate (c)Both

56.

--- are known as averages of first order (a) Measures of central tendency (b) Measures of dispersion (c) Averages (d) None

Answer»

Measures of central tendency  are known as averages of first order 

57.

----- is a geometric method of measuring variability  (a) Lorenz Curve (b)Geometric curve (c) Both (d) None 

Answer»

Lorenz Curve  is a geometric method of measuring variability 

58.

Which of the following measures of variability is used when the statistics having the greatest stability is sought?1. Mean Deviation2. Standard Deviation3. Quartile Deviation4. Range

Answer» Correct Answer - Option 2 : Standard Deviation

Dispersion is the extent to which values in a distribution differ from the average of the distribution. To quantify the extent of the variation, there are certain measures namely:

  • Measures of Dispersion From Average:
    • The mean deviation (MD) of a series is the arithmetic average of the deviation of various items from a measure of central tendency (mean, median and mode).
    • Standard Deviation (S. D.): One of the most stable measure of variability, it is the most important and commonly used measure of dispersion. It measures the absolute dispersion or variability of a distribution. Standard deviation is the positive square root of the mean of the squared deviations of observations from their mean. It is denoted by S.D. or σx.
  • Measures Based Upon Spread of Values:
    • Range: It is the simplest measure of variability both from the point of view of calculation and understanding. It is the difference between the largest and the smallest observations in the data. For example, the range of scores 2, 5, 6, 4, 12, 10, 9 and 8 is 12-2 = 10.
    • Interquartile range (IQR) is a measure of variability, based on dividing a data set into quartiles. It divides a rank-ordered data set into four equal parts. Q1 is the mid-value in the first half of the rank-ordered data, Q2 is the score that has exactly two quarters (median). Q3 is the mid-value in the second half of the rank-ordered data. 
      For example, consider the number 3, 4, 6, 9, 11, 12, 14, 15.
      Q1 is the middle value in the first half of the data set.
      The middle value is the average of the two middle values; that is, Q1 = \(4+6\over 2\) = 5.
      Q3 is the middle value in the second half of the data set.
      i. e. Q3 = \(12+14\over 2\) = 13
      Semi Quartile Range = \(Q3 - Q1\over 2\) = \(13 - 5 \over 2\) = 4

 

59.

Consumer price index numbers are prepared for (a) All people (b) Factor employees (c) Well defined section of people (d) Farmers

Answer»

(a) All people

60.

-- means lack of symmetry (a)Skewness (b) Kurtosis (c) Range (d) None

Answer»

Skewness means lack of symmetry  

61.

Co. Efficient of variation is equal to (a) (S.D/Mean)x100 (b)(S.D/Range )x100 (c) (Mean/ S.D)x100 (d)None

Answer»

Co. Efficient of variation is equal to  (S.D/Mean)x100

62.

In Standard deviation , deviations are taken only from ---- values of series(a) Mean (b) Median (c) Mode (d) Variance

Answer»

In Standard deviation , deviations are taken only from Mean values of series 

63.

--- is the easiest of all the methods for measuring trend  (a) Freehand curve (b) Method of semi average (c) Method of least squres (d) Method of moving curve 

Answer»

Freehand curve is the easiest of all the methods for measuring trend

64.

Square of Standard Deviation is known as (a) Range (b) Variance (c) Quartile (d) none

Answer»

Square of Standard Deviation is known as Variance

65.

Variance = ----- (a) (S.D)2 (b)√S.D (c)( S.D) 3(d)1/S.D

Answer»

Variance =  (S.D)2

66.

For comparing variability in scores of 2 Batsman we can use (a) Standard Deviation (b) Mean (c) Coefficient of variation (d) mode 

Answer»

 (c) Coefficient of variation 

67.

---- is used in averaging rates , times etc  (a)H.M (b)G.M (c)A.M (d)Mode

Answer»

H.M is used in averaging rates , times etc 

68.

--- cannot be computed in the case of open ended distribution(a) Range (b) Mean (c)Both (d) None

Answer»

 Range & Mean (c)Both

69.

Standard Deviation was First used by (a)Karl Pearson(b) Horas Secrist (c) Lorance (d) Spearman 

Answer»

Standard Deviation was First used by Karl Pearson

70.

Variability in the distribution of earth and income is generally measures in terms of ----- (a) Mean Deviation (b) Quartile Deviation (c) Standard Deviation (d) Variance 

Answer»

Variability in the distribution of earth and income is generally measures in terms of Mean Deviation

71.

How to calculate mode

Answer»

To find the mode, or modal value, it is best to put the numbers in order. Then count how many of each number. A number that appears most often is the mode.

72.

Find the median of given observation 5, 6, 11, 23, 4, 8, 20, 21. 12. 73. 84. 4

Answer» Correct Answer - Option 2 : 7

Concept:

Median: It is the middle value in the given set, while the set is either in increasing or decreasing order.

If the number of observation (n) is odd then median is (n+1)/2th term.

If the number of observation (n) is even then the median is average of nth and (n+1)th term.

 

Calculation:

Given observation are 5, 6, 11, 23, 4, 8, 20, 2

Increasing order of given data: 2, 4, 5, 6, 8, 11, 20, 23.

The number of observation is even. (n = 8)

So, the median is theaverage of nth and (n+1)th term or average of 4th and 5th term

Median \(= \frac{6+8}{2}\)

= 7

73.

Geometric mean is useful in(a) Finding average % increase in sales, production(b) Finding index numbers (c) Both (d) None

Answer»

Geometric mean is useful in  Both

74.

-- is useful for computing average rate of increase of profits , average rate of speed , average price ..etc (a) Arithmetic Mean (b) Geometric Mean (c) Harmonic Mean (d) Mode 

Answer»

Harmonic Mean is useful for computing average rate of increase of profits , average rate of speed , average price ..etc  

75.

Find mode of the following series 2 3 4 3 4 3 5 3 7(a) 3 (b) 4 (c) 5 (d) 2

Answer»

3 mode of the following series 2 3 4 3 4 3 5 3 7 

76.

When the distribution is of open end classes which average may appropriate (a) Mean(b) Median (c) Mode (d) None  

Answer»

When the distribution is of open end classes  Median may appropriate

77.

---- is not affected by extreme items (a) Mean (b) Median (c) Mode (d) All these

Answer»

Mode is not affected by extreme items  

78.

--- is the value of item of a series which occurs most frequently (a) Median (b) Mean (c) Mode (d) none

Answer»

Mode is the value of item of a series which occurs most frequently  

79.

Which divides the value of a variable into two equal parts? (a) Median(b) Mean (c) Mode (d) All these

Answer»

Median divides the value of a variable into two equal parts.

80.

What is the Mean for the following observation ; 3,4,6,7,10 (a)4 (b) 5(c) 6 (d)9

Answer»

6 for the following observation ; 3,4,6,7,10

81.

--- is the most commonly used measure of central tendency(a) Mean (b) Median (c) Mode (c) None

Answer»

Mean is the most commonly used measure of central tendency 

82.

Short cut method for calculating arithmatic mean also known asa. assumed average method b. Assumed variable method c. Assumed mean method d. All of these

Answer»

 Assumed mean method 

83.

---is a measure of central tendency (a) Mean (b) Median (c) Mode (d) All these

Answer» (d) All these.
84.

Geometric mean considered to be the best average in the construction of …a.Index numbers b. median c. mode d. quartiles

Answer»

Geometric mean considered to be the best average in the construction of  Index numbers

85.

---is a figure that represents the whole group (a) Average (b) Value (c) Data (d) None

Answer»

Average is a figure that represents the whole group 

86.

There are equal number of observations on the right and on the left of …value a. mean b. median c. mode d. quartile

Answer»

There are equal number of observations on the right and on the left of  median

87.

Statistics is an art as well as (a) Science (b) Average (c) Theory (d) None

Answer»

Statistics is an art as well as  Science

88.

The word statistics have been derived from the Latin word – (a) Statistik (b) Status (c)Statista (d)Strata

Answer»

The word statistics have been derived from the Status

89.

Statistics does not deals with (a) Qualitative (b) Quantitative (c) Both (d) None

Answer»

Statistics does not deals with Qualitative

90.

Statistics helps in :(a) Testing (b)Prediction (c) Formulating policies (d)all of these

Answer»

(d)all of these

91.

--- are the eyes of Govt. administration(a) Statistics (b) Economics (c) Politics (d) none

Answer»

Statistics are the eyes of Govt. administration 

92.

Modern statistical devices have been made business forecasting more(a)precise and accurate (b)difficult (c) misunderstanding (d)easy

Answer»

(a)precise and accurate 

93.

Find the mode for given observations 2, 4, 5, 4, 5, 6, 2, 4, 3, 6, 3.1. 22. 43. 64. 8

Answer» Correct Answer - Option 2 : 4

Concept:

Mode: The mode of the set of data is the value that appears most often.

For example, Data: 2, 5, 5, 6, 7, 4, 3

Mode = 5

 

Calculation:

We have 2, 4, 5, 4, 5, 6, 2, 4, 3, 6, 3

Clearly, 4 is most occurring in the given observation.

So, mode is 4.

94.

The mean of 5, 7, 6, 11, x and 13 is 44. Find the value of the observation x.1. 12. 2223. 2644. 6

Answer» Correct Answer - Option 2 : 222

Concept:

Mean: It is the sum of all observations upon a number of observations.

If x1, x2, x3, …., xn are the observations, then mean is given as

\(\rm \bar{X} = \frac{sum\ of\ observations}{number\ of\ observations}\)

\(\rm \bar{X}= \frac{x_{1}+x_{2}+...+x_{n}}{n}\)

Calculation:

We have X̅ = 44 and observations 5, 7, 6, 11, x, 13.

So, mean \(\bar{X} = \frac{5+7+6+11+x+13}{6}\)

⇒ 44 × 6 = 42 + x

⇒ x = 222

95.

When first quartile is 10 , third quartile is 20 , value of quartile deviation is  (a) 5 (b) 2 (c) 3 (d) 1

Answer»

When first quartile is 10 , third quartile is 20 , value of quartile deviation is 5  

96.

When the measure of kurtosis is greater than ---- the distribution is leptokurtic(a) 0 (b) 1 (c) 2 (d) 3

Answer»

When the measure of kurtosis is greater than 0 the distribution is leptokurtic

97.

The arithmetic mean of a variable ‘x’ is denoted by the symbol.a. x2 b. x c.¯xd. ∑ x 

Answer»

The arithmetic mean of a variable ‘x’ is denoted by the ¯x

98.

In olden days statistics also called …a. science of soldiers b. science of kings c. science of business man d. science of managers

Answer»

 In olden days statistics also called science of kings.

99.

Now a days the use of statistics is extended to various fields such asa. Agriculture b. Economic c. Psychology d. All of these 

Answer»

d. All of these

100.

In… sense, statistics refers to numerical statements of facts.a. plural b. singular c. both d. none

Answer»

In plural sense, statistics refers to numerical statements of facts.