If a data set has a median of 50, it means: MCQ with Answer and Explanation

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If a data set has a median of 50, it means:

A. All values are above 50

B. 50 is the midpoint of the ordered data

C. 50 is the average

D. 50 is the most frequent value

Answer: Option B

Solution (By JKSSB Mock Tests)

Median is the middle value when data are arranged in order; half the values are below and half above it.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Wholesale Price Index (WPI) is primarily used by policymakers to monitor:

A. Wage growth

B. Asset price bubbles

C. Producer and wholesale market inflation

D. Consumer inflation

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Correct Answer: Option C

Explanation:
WPI reflects price changes at the wholesale/producer level, serving as an early indicator of inflationary pressures in the production pipeline before they reach consumers via CPI.

This question belongs to: Accountancy and Statistics Statistics

Question #2

There are two urns: Urn 1 contains 4 white, 6 black; Urn 2 contains 5 white, 5 black. An urn is chosen at random and a ball drawn. If it is white, probability it came from Urn 1 is:

A. 4/9

B. 1/2

C. 2/5

D. 5/9

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Correct Answer: Option A

Explanation:
P(Urn1|W) = (1/2 * 4/10) / (1/2*4/10 + 1/2*5/10) = 0.2 / (0.2+0.25)=0.2/0.45=4/9.

This question belongs to: Accountancy and Statistics Statistics

Question #3

In a well-shuffled deck of 52 cards, the probability of drawing an ace is:

A. 1/13

B. 4/52

C. 1/26

D. 1/52

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Correct Answer: Option A

Explanation:
4 aces out of 52 = 4/52 = 1/13. Option C also 4/52 but simplifies to 1/13. Better to pick A.

This question belongs to: Accountancy and Statistics Statistics

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