Notes Statistics and Econometrics Online Practice Exam 3 December 1, 2023 April 20, 2024 NET / SET Online Practice Exams Statistics and Econometrics Test Multi-choice 3 Question 1. In a series of 25 observations, Z (x – 7) = – 8. Then, mean is equal to- Answers Option 1 8 Option 2 6.68 Option 3 7.68 Option 4 7 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Total wages paid to the workers in two factories A and B are the same but the modal wage in factory A is larger than the modalwage in factory B. In which factory workers are well off ? Answers Option 1 A Option 2 B Option 3 Equal in both Option 4 Can’t answer Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Which of the following would be an appropriate average for determining the average size of readymade garments ? Answers Option 1 A.M Option 2 Mode Option 3 Median Option 4 Geometric mean Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Most appropriate average to determine the size of oranges on a tree is- Answers Option 1 A.M Option 2 Median Option 3 G.M Option 4 Mode Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Most appropriate average for qualitative measurement is- Answers Option 1 G.M Option 2 Median Option 3 A.M Option 4 Mode Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The most unstable measure of central tendency is Answers Option 1 A.M Option 2 G.M Option 3 Mode Option 4 Median Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. The sum of deviations of observation is zero when measured from Answers Option 1 G.M Option 2 A.M Option 3 Median Option 4 Mode Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The average, most affected by the extreme observations, is Answers Option 1 Mode Option 2 G.M Option 3 Median Option 4 A.M Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The most stable average is Answers Option 1 Mode Option 2 Median Option 3 G.M Option 4 A.M Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. Which of the following is not true ? Answers Option 1 The value of median of a data set gets affected by extreme values that are not representative of the data set Option 2 Median is the point below which 50% of the data items fall Option 3 Median can be calculated from a grouped data with open ended classes Option 4 Median of a set of ungrouped data can be found out only after arranging them is ascending of descending order Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Prepared by www.myeconomics.info << Prev Next >> "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook
Multi-choice 3 Question 1. In a series of 25 observations, Z (x – 7) = – 8. Then, mean is equal to- Answers Option 1 8 Option 2 6.68 Option 3 7.68 Option 4 7 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Total wages paid to the workers in two factories A and B are the same but the modal wage in factory A is larger than the modalwage in factory B. In which factory workers are well off ? Answers Option 1 A Option 2 B Option 3 Equal in both Option 4 Can’t answer Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Which of the following would be an appropriate average for determining the average size of readymade garments ? Answers Option 1 A.M Option 2 Mode Option 3 Median Option 4 Geometric mean Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Most appropriate average to determine the size of oranges on a tree is- Answers Option 1 A.M Option 2 Median Option 3 G.M Option 4 Mode Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Most appropriate average for qualitative measurement is- Answers Option 1 G.M Option 2 Median Option 3 A.M Option 4 Mode Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The most unstable measure of central tendency is Answers Option 1 A.M Option 2 G.M Option 3 Mode Option 4 Median Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. The sum of deviations of observation is zero when measured from Answers Option 1 G.M Option 2 A.M Option 3 Median Option 4 Mode Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The average, most affected by the extreme observations, is Answers Option 1 Mode Option 2 G.M Option 3 Median Option 4 A.M Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The most stable average is Answers Option 1 Mode Option 2 Median Option 3 G.M Option 4 A.M Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. Which of the following is not true ? Answers Option 1 The value of median of a data set gets affected by extreme values that are not representative of the data set Option 2 Median is the point below which 50% of the data items fall Option 3 Median can be calculated from a grouped data with open ended classes Option 4 Median of a set of ungrouped data can be found out only after arranging them is ascending of descending order Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)
Multi-choice 3 Question 1. In a series of 25 observations, Z (x – 7) = – 8. Then, mean is equal to- Answers Option 1 8 Option 2 6.68 Option 3 7.68 Option 4 7 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Total wages paid to the workers in two factories A and B are the same but the modal wage in factory A is larger than the modalwage in factory B. In which factory workers are well off ? Answers Option 1 A Option 2 B Option 3 Equal in both Option 4 Can’t answer Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Which of the following would be an appropriate average for determining the average size of readymade garments ? Answers Option 1 A.M Option 2 Mode Option 3 Median Option 4 Geometric mean Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Most appropriate average to determine the size of oranges on a tree is- Answers Option 1 A.M Option 2 Median Option 3 G.M Option 4 Mode Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Most appropriate average for qualitative measurement is- Answers Option 1 G.M Option 2 Median Option 3 A.M Option 4 Mode Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The most unstable measure of central tendency is Answers Option 1 A.M Option 2 G.M Option 3 Mode Option 4 Median Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. The sum of deviations of observation is zero when measured from Answers Option 1 G.M Option 2 A.M Option 3 Median Option 4 Mode Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The average, most affected by the extreme observations, is Answers Option 1 Mode Option 2 G.M Option 3 Median Option 4 A.M Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The most stable average is Answers Option 1 Mode Option 2 Median Option 3 G.M Option 4 A.M Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. Which of the following is not true ? Answers Option 1 The value of median of a data set gets affected by extreme values that are not representative of the data set Option 2 Median is the point below which 50% of the data items fall Option 3 Median can be calculated from a grouped data with open ended classes Option 4 Median of a set of ungrouped data can be found out only after arranging them is ascending of descending order Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)