Mathematics · Quantitative Aptitude

Statistics and Dispersion

559 Questions

Statistics and dispersion involve the calculation of mean, standard deviation, variance, and coefficient of variation for data sets. These questions also cover probability distributions and cumulative frequency analysis. Such quantitative aptitude topics are heavily featured in banking and SSC examinations.

Standard deviationNormal distributionMean calculationCumulative frequencyCoefficient of variation

Statistics and Dispersion Questions

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

A frequency distribution having two modes is said to be ________.

  1. unimodal

  2. bimodal

  3. trimodal

  4. without mode

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A frequency distribution with two modes is called bimodal. Unimodal has one mode, and trimodal has three.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

Geometric mean of two observations can be calculated only if ________.

  1. both the observations are positive

  2. one of the two observations is zero

  3. one of them is negative

  4. both of them are zero

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The geometric mean involves taking the nth root of the product of n numbers. If any number is negative, the root may be imaginary; if zero, the product is zero. Thus, it is typically defined for positive observations.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

Extreme value have no effect on _______.

  1. average

  2. median

  3. geometric mean

  4. harmonic mean

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The median is a positional average and is not affected by extreme values (outliers) in the dataset, unlike the arithmetic mean.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

For further algebraic treatment harmonic mean is ______.

  1. suitable

  2. not suitable

  3. sometime suitable

  4. none of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Like the geometric mean, the harmonic mean is not suitable for further algebraic treatment because it is based on the reciprocal of the values.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

Harmonic mean gives more weight age to _______.

  1. small values

  2. large values

  3. positive values

  4. negative values

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Harmonic mean gives more weight to smaller values because of the reciprocal in its formula. A small number becomes large when reciprocated, dominating the calculation.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

Mean deviation of $7,10,10,15,10,8,8,7,3,2,10$ through mean is

  1. $3.14$
  2. $8$
  3. $\dfrac {4}{5}$
  4. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

mean $=\dfrac{\sum {x _1}}{n}=\dfrac{90}{11}\approx 8.18$

derivation through mean = $|x _i-\bar x|$
& mean of it is $=\dfrac{\sum|{x _i-\bar x}|}{n}$
$=\dfrac{(1.18+1.82+1.82+6.82+8.18+0.18+0.18+1.18+5.18+6.18+1.82)}{11}$
$=\dfrac{34.54}{11}=3.14$

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

If a constant value $40$ is subtracted from each observation of a set, the mean of the set is __________.

  1. increased by $40$
  2. decreased by $40$
  3. is not affected

  4. zero

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

If a constant is subtracted from every observation in a set, the mean of the set is also decreased by that same constant.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

The mode of the following observations is $10, 19, 22, 16, 15, 18, 20, 18, 14, 18, 23$

  1. $17.55$
  2. $18$
  3. $15$
  4. $16.5$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The mode is the value that appears most frequently. In the set 10, 19, 22, 16, 15, 18, 20, 18, 14, 18, 23, the number 18 appears three times, which is more than any other number.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

The second quartile of the following observations is
$10, 19, 22, 16, 15, 18, 20, 18, 14, 18, 23$.

  1. $17.55$
  2. $18$
  3. $15$
  4. $20$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The second quartile (Q2) is the median. First, sort the data: 10, 14, 15, 16, 18, 18, 18, 19, 20, 22, 23. With 11 observations, the median is the 6th value, which is 18.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

If Md, Q, D and P Stands for median, quartile, decile and percentile respectively, then which of the following relation between them is true?

  1. $M _d = Q _2 = D _6 = P _50$
  2. $M _d = Q _3 = D _6 = P _75$
  3. $M _d = Q _5 = D _5 = P _50$
  4. $M _d = Q _2 = D _5 = P _50$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The median (Md) divides the data into two halves (50%), the second quartile (Q2) is the median, the 5th decile (D5) is the median, and the 50th percentile (P50) is the median. Thus, Md = Q2 = D5 = P50.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

Mode is that value in a frequency distribution which possesses __________.

  1. minimum frequency

  2. maximum frequency

  3. frequency one

  4. none of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

By definition, the mode of a frequency distribution is the value that occurs most frequently, meaning it has the maximum frequency.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

In a discrete series having $(2n+1)$ observations, median is ______.

  1. nth observation

  2. $(n+1)$th observation
  3. $[(n+2)/2]th$ observation
  4. $[(2n+1)/2]th$ observation
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For a series with N observations, if N is odd, the median is the ((N+1)/2)th observation. Substituting N = 2n+1 gives ((2n+1+1)/2)th = (2n+2)/2 = (n+1)th observation.

Multiple choice business economics and quantitative methods measures of dispersion and skewness shortcut method for calculating mean deviation about mean mean deviation about mean and median range and mean deviation

In a moderately skewed distribution the arithmetic mean is $10$ units and the mode is $7$ units, the median is ______.

  1. $9$
  2. $5$
  3. $8$
  4. $6$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In a moderately skewed distribution, the empirical relationship is: Mean - Mode = 3(Mean - Median). Given Mean = 10 and Mode = 7, we have 10 - 7 = 3(10 - Median), so 3 = 3(10 - Median), which means 1 = 10 - Median, so Median = 9.