ExamVeda
Login
Home

Consider the following statements 1 Median is not useful while dealing...

This question belongs to Commerce Business Statistics And Research Methods
Business Statistics and Research Methods
?

Consider the following statements:
1. Median is not useful while dealing with skewed distribution such as income distribution or price distribution
2. Median can be determined graphically by drawing only one ogive
3. Mode can be used to describe qualitative phenomenon
Which of the above statements are correct?

Answer & Solution
Correct Answer: Option B
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Business Statistics and Research Methods

The law of statistics, which says "Moderately large number of items chosen at random from a large group possess the characteristics of the large group", is referred to as
A. The central limit theorem B. The law of statistical regularly C. The law of inertia of large numbers D. None of the above
The difference between sample statistic and its corresponding population parameter is
A. Sampling error B. Measurement error C. Coverage error D. Non-response error
Assertion (A): If regression coefficient of X on Y is greater than one, regression coefficient of Y on X must be less than one.
Reason (R): The geometric mean between two regression coefficients is the coefficient of correlation.
A. Both (A) and (R) are true B. (A) is true, but (R) is false C. (A) is false, but (R) is true D. Both (A) and (R) are false
If in Binomial distribution mean is 10 and standard deviation 2, q will be
A. 0 B. 1 C. 0.4 D. 0.8
More Related Questions on Business Statistics and Research Methods