Top 150+ Solved Quantitative Methods for Economic Analysis 2 MCQ Questions Answer
Q. Median is the average suited for ……………classes
a. open-end
b. closed-end
c. both of these
d. none of these
Q. Which average is affected most by extreme observations
a. mode
b. medium
c. geometric mean
d. arithmetic mean
Q. Which of the following is the most unstable average ?
a. mode
b. median
c. arithmetic mean
d. geometric mean
Q. For dealing with qualitative data, the best average is …………..
a. arithmetic mean
b. geometric mean
c. harmonic mean
d. median
Q. The sum of squares of deviations from arithmetic mean is ………
a. maximum
b. minimum
c. zero
d. one
Q. The best measure of central tendency is …………….
a. arithmetic mean
b. geometric mean
c. median
d. harmonic mean