Measures Of Central Tendency(Business Statistics ) Questions and Answers

Question 1. At a manufacturing plant, the unit of quantity manufactured in 8 days are 250, 320, 240, 210, 260, 330, 310, 260
  1.    210
  2.    260
  3.    240
  4.    250
Explanation:-
Answer: Option B. -> 260
Answer: (b).260
Question 2. If the most repeated observations recorded are outliers of data then the mode is considered as
  1.    intended measure
  2.    percentage measure
  3.    best measure
  4.    poor measure
Explanation:-
Answer: Option D. -> poor measure
Answer: (d).poor measure
Question 3. In the two units of company, the employees in unit one are 650 and monthly salary is $2750, the employees in unit two are 700 and monthly salary is $2500 then the combined arithmetic mean is
  1.    $2,620
  2.    $2,520
  3.    $2,420
  4.    $2,320
Explanation:-
Answer: Option A. -> $2,620
Answer: (a).$2,620
Question 4. The median, mode, deciles and percentiles are all considered as measures of
  1.    mathematical averages
  2.    population averages
  3.    sample averages
  4.    averages of position
Explanation:-
Answer: Option D. -> averages of position
Answer: (d).averages of position
Question 5. The number of observations are 30 and the value of arithmetic mean is 15 then sum of all values is
  1.    15
  2.    450
  3.    200
  4.    45
Explanation:-
Answer: Option B. -> 450
Answer: (b).450
Question 6. The product A has per unit contribution of 6 with the sold quantity of 120 units, product B has per unit contribution of 8 with sold quantity of 100 units and product C has per unit contribution of 10 with sold quantity of 130 units then the weighted average mean is
  1.    $7.06
  2.    $8.06
  3.    $9.06
  4.    $10.06
Explanation:-
Answer: Option B. -> $8.06
Answer: (b).$8.06
Question 7. If value of mode is 14 and value of arithmetic mean is 5 then the value of median is
  1.    12
  2.    18
  3.    8
  4.    14
Explanation:-
Answer: Option C. -> 8
Answer: (c).8
Question 8. The properties such as variation, central tendency and shape of distribution of frequency are basis to extract information from
  1.    extended measures
  2.    skewed measure
  3.    ordinal measures
  4.    descriptive measures
Explanation:-
Answer: Option D. -> descriptive measures
Answer: (d).descriptive measures
Question 9. The numerical value which shows the tendency around central value of cluster is classified as
  1.    central tendency
  2.    cluster tendency
  3.    group tendency
  4.    numerical tendency
Explanation:-
Answer: Option A. -> central tendency
Answer: (a).central tendency
Question 10. The type of central tendency measures which divides data set into four equal parts is
  1.    quartiles
  2.    deciles
  3.    percentiles
  4.    multiple pile of data
Explanation:-
Answer: Option A. -> quartiles
Answer: (a).quartiles
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