MCQ Class 11 Economics Chapter 5 Measures of Central Tendency CBSE Board Advertisement Statistics for Economics 1. What is the median of a data set?The largest valueThe middle value when data is arranged in orderThe most repeated valueThe sum of all valuesQuestion 1 of 202. What should be done before calculating the median of an individual series?Multiply all observationsCalculate all frequenciesArrange the observations in ascending or descending orderFind the assumed meanQuestion 2 of 203. How is the median calculated when the number of observations is odd?By selecting the middle observationBy adding all observationsBy selecting the largest observationBy dividing the smallest value by twoQuestion 3 of 204. How is the median calculated when the number of observations is even?By selecting the largest valueBy selecting the smallest valueBy taking the sum of all observationsBy calculating the arithmetic mean of the two middle valuesQuestion 4 of 205. Which formula gives the position of the median in an individual series?N/2(N + 1)/2(N − 1)/43(N + 1)/4Question 5 of 206. Which frequency is used to locate the median in a discrete series?Relative frequencySimple frequency onlyCumulative frequencyPercentage frequency onlyQuestion 6 of 207. In a continuous series, the median class is identified by locating which item?N/2th item(N + 1)/2th itemNth item3N/4th itemQuestion 7 of 208. Which measure of central tendency is not sensitive to extreme values?Arithmetic MeanWeighted MeanStep Deviation MeanMedianQuestion 8 of 209. What are quartiles used for?Dividing data into two equal partsDividing data into four equal partsDividing data into ten equal partsDividing data into hundred equal partsQuestion 9 of 2010. What percentage of observations lies below the first quartile (Q₁)?50%75%25%100%Question 10 of 2011. What percentage of observations lies below the third quartile (Q₃)?75%25%50%100%Question 11 of 2012. Which percentile represents the median value?P₂₅P₇₅P₉₉P₅₀Question 12 of 2013. Into how many equal parts do percentiles divide a distribution?FourOne hundredTenTwoQuestion 13 of 2014. What is mode?The smallest value in a seriesThe average of two middle valuesThe value that occurs most frequentlyThe sum of all observationsQuestion 14 of 2015. Which symbol is used to represent mode?MoMeQ₁X̄Question 15 of 2016. What is a data set called when it has only one mode?BimodalMultimodalNon-modalUnimodalQuestion 16 of 2017. What is a data set called when it has two modes?UnimodalBimodalMultimodalContinuousQuestion 17 of 2018. In a continuous frequency distribution, which class is called the modal class?The class with the smallest frequencyThe first class intervalThe class with the largest frequencyThe class with zero frequencyQuestion 18 of 2019. Which measure of central tendency is generally used to describe qualitative data?ModeArithmetic MeanWeighted MeanStep Deviation MeanQuestion 19 of 2020. Which statement correctly describes the importance of selecting an average?Every average is suitable for every type of dataOnly arithmetic mean should be used in all situationsAverages are useful only for numerical calculationsThe appropriate average depends on the purpose of analysis and the nature of the distributionQuestion 20 of 20 Loading...
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