For a skewed distribution, which measure of central tendency is generally MOST resistant to extreme values? MCQ with Answer and Explanation

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For a skewed distribution, which measure of central tendency is generally MOST resistant to extreme values?

A. Median

B. Arithmetic mean

C. Mode

D. Geometric mean

Answer: Option A

Solution (By JKSSB Mock Tests)

The median is the middle value when data is ordered, making it less affected by outliers or extreme values compared to the mean, which incorporates all values in its calculation.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Which index number is most commonly used to measure inflation and changes in the purchasing power of money for standard households?

A. Wholesale Price Index

B. Consumer Price Index (Cost of Living Index)

C. Index of Industrial Production

D. Sensex

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Correct Answer: Option B

Explanation:
The CPI (or Cost of Living Index) measures the average change in prices paid by consumers for a basket of goods and services.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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In questionnaire design, a 'double-barreled question' is problematic because it:

A. Uses technical jargon

B. Asks about two different issues in one question, confusing respondents

C. Is too long for respondents to read

D. Requires numerical answers

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Correct Answer: Option B

Explanation:
Double-barreled questions (e.g., 'Do you find the product affordable and high-quality?') conflate two attributes, making responses ambiguous and uninterpretable for either dimension.

This question belongs to: Accountancy and Statistics Statistics