In a distribution with extreme outliers, which measure of central tendency is most appropriate? MCQ with Answer and Explanation

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In a distribution with extreme outliers, which measure of central tendency is most appropriate?

A. Harmonic mean

B. Median

C. Mode

D. Mean

Answer: Option B

Solution (By JKSSB Mock Tests)

The median is resistant to outliers and gives a better central value for skewed distributions.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

In a Poisson distribution, P(X=0) = e^{-λ}. If λ=2, P(X=0) is about:

A. 0.2

B. 0.271

C. 0.05

D. 0.135

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Correct Answer: Option D

Explanation:
e^{-2} ≈ 0.1353.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The probability that a leap year has 53 Mondays is:

A. 2/7

B. 5/7

C. 3/7

D. 1/7

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Correct Answer: Option A

Explanation:
Leap year has 366 days = 52 weeks + 2 days. Favorable pairs with Monday: (Sun,Mon), (Mon,Tue) => 2/7.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Consumer Price Index (CPI) measures changes in:

A. Export prices

B. Industrial production

C. Retail prices of a fixed basket of goods and services

D. Wholesale prices

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Correct Answer: Option C

Explanation:
CPI tracks the average change over time in the prices paid by consumers for a market basket of goods and services.

This question belongs to: Accountancy and Statistics Statistics

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