MCQ Class 11 Economics Chapter 5 Measures of Central Tendency CBSE Board Advertisement Statistics for Economics 1. What is the main purpose of measuring central tendency?To increase the size of dataTo summarise data using a single representative valueTo arrange data alphabeticallyTo eliminate all observationsQuestion 1 of 202. Which of the following are the three most commonly used averages?Mean, Range and VarianceMedian, Range and ModeArithmetic Mean, Median and ModeGeometric Mean, Harmonic Mean and RangeQuestion 2 of 203. Which average is the most commonly used measure of central tendency?Arithmetic MeanMedianModeHarmonic MeanQuestion 3 of 204. How is arithmetic mean calculated?By multiplying all observationsBy subtracting the smallest value from the largestBy selecting the middle observationBy dividing the sum of all observations by their total numberQuestion 4 of 205. Which symbol is generally used to represent arithmetic mean?MoX̄Q₁P₅₀Question 5 of 206. What does N represent in the formula of arithmetic mean?Number of variablesNumber of groupsTotal number of observationsNumber of deviationsQuestion 6 of 207. Which method is used to calculate arithmetic mean when the number of observations is small?Direct MethodGraphical MethodMedian MethodRanking MethodQuestion 7 of 208. What is the assumed mean method particularly useful for?Data containing only two observationsFinding the most frequent valueArranging observations in ascending orderData containing many observations or large numerical figuresQuestion 8 of 209. In the assumed mean method, what does A represent?Actual frequencyAssumed meanAverage deviationTotal observationsQuestion 9 of 2010. How is deviation calculated in the assumed mean method?d = A + Xd = A × Xd = X − Ad = X ÷ AQuestion 10 of 2011. What is the main purpose of the step deviation method?To reduce large numerical calculationsTo increase the number of observationsTo find the median classTo identify the highest frequencyQuestion 11 of 2012. What does c represent in the step deviation method?Cumulative frequencyClass midpointNumber of observationsCommon factorQuestion 12 of 2013. In a discrete series, what is multiplied by each observation to calculate arithmetic mean?Class intervalFrequencyCumulative frequencyDeviation onlyQuestion 13 of 2014. Which formula is used to calculate arithmetic mean in a discrete series by the direct method?Σf / ΣXΣX / NΣfX / ΣfΣfd / NQuestion 14 of 2015. What is taken as the representative value of a class interval in a continuous series?Mid-pointLower limitUpper limitFrequencyQuestion 15 of 2016. Which of the following is an example of an exclusive class interval?0–9, 10–191–5, 6–105–14, 15–240–10, 10–20Question 16 of 2017. What is the sum of deviations of all observations from their arithmetic mean?OneZeroEqual to NAlways negativeQuestion 17 of 2018. Which type of values can significantly affect arithmetic mean?Only middle valuesOnly repeated valuesExtreme valuesOnly the smallest valuesQuestion 18 of 2019. Why are weights assigned in weighted arithmetic mean?To give importance to different items according to their significanceTo remove all frequenciesTo arrange data in descending orderTo identify the median classQuestion 19 of 2020. Which formula represents weighted arithmetic mean?ΣX / NΣfX / ΣfΣd / N(W₁P₁ + W₂P₂) / (W₁ + W₂)Question 20 of 20 Loading...
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