Which index is generally used to measure inflation at the wholesale level in India? MCQ with Answer and Explanation

Explanation:
All three definitions are correct.

Explanation:
For grouped data, mode = L + [(f₁ - f₀) / (2f₁ - f₀ - f₂)] × h, where L=lower limit of modal class, f₁=frequency of modal class, f₀=previous class frequency, f₂=next class frequency, h=class width.

Explanation:
For ordinal data, median uses rank, ignoring magnitude, thus it's appropriate. R explains why.