Tag: measures of dispersion and skewness

Questions Related to measures of dispersion and skewness

In a frequency distribution, Range is the difference between _________ and __________

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. upper limit of the highest class, the lower limit of the lowest class

  2. lower limit of the highest class, the upper limit of the lowest class

  3. A or B

  4. None of the above

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Correct Option: A

The middle value of an ordered series is called _______.

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. $2nd$ quartile

  2. $5th$ decile

  3. $50th$ percentile

  4. All the above

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Correct Option: D

The variate values which divide a series (frequency distribution) into $100$ equal parts are called ______.

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. quintiles

  2. quartiles

  3. deciles

  4. percentiles

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Correct Option: D

Which measure is based on only the central fifty percent of the observations?

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. Standard deviation

  2. Quartile deviation

  3. Mean deviation

  4. All of above

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Correct Option: B

The variate values which divide a series (frequency distribution) into four equal parts are called ______.

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. quintiles

  2. quartiels

  3. octiles

  4. percentiles

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Correct Option: B

Can a quartile, a decile and a percentile be the median?

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. Only quartile but not decile and percentile

  2. Quartile and decile but not percentile

  3. Decile and percentile but not quartile

  4. Quartile, decile and percentile, all the three

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Correct Option: D

The variate values which divide a series (frequency distribution) into ten equal parts are called _______.

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. quintiles

  2. quartiles

  3. deciles

  4. percentiles

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Correct Option: B

Which of the following is true?

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. Quartile Deviation can generally be calculated for open-ended distributions

  2. It is unduly affected by extreme values

  3. Both A and B

  4. None of these

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Correct Option: A

Inter-Quartile Range is based upon ________.

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. First 50% of the values

  2. middle 50% of the values

  3. Last 50 % of the values

  4. 25% of the values

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Correct Option: B

Quartile Deviation = 

business economics and quantitative methods measures of dispersion and skewness quartile deviation or semi-interquartile range interquartile range histograms and frequency distribution diagrams

  1. Half of the Inter-Quartile Range

  2. [ Q(3) - Q(1) ] / 2

  3. Both A and B

  4. Q(3) - Q(1)

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Correct Option: C