Which measure of central tendency is most appropriate for finding the typical salary in a company with a few very high earners? MCQ with Answer and Explanation

Question

Which measure of central tendency is most appropriate for finding the typical salary in a company with a few very high earners?

A. Mode

B. Mean

C. Harmonic mean

D. Median

Answer: Option D

Solution (By JKSSB Mock Tests)

Median is robust to outliers and better represents the typical salary.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Consider the statements: 1. CBR is independent of age structure. 2. GFR is more refined than CBR. 3. TFR is a synthetic period measure. Which is/are correct?

A. 1 and 3 only

B. 1, 2 and 3

C. 1 and 2 only

D. 2 and 3 only

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Correct Answer: Option D

Explanation:
CBR is affected by age structure; GFR restricts to women 15-49; TFR is synthetic. So 1 is false.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Which of the following is a component of population change?

A. Fertility

B. All of the above

C. Migration

D. Mortality

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Correct Answer: Option B

Explanation:
Population change is determined by the balance of births, deaths, and net migration.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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Net migration rate is calculated as the difference between in-migrants and out-migrants per:

A. Square kilometer

B. 1000 births

C. Working-age population

D. 1000 population

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Correct Answer: Option D

Explanation:
Net migration rate = (Immigrants - Emigrants) / Mid-year population × 1000.

This question belongs to: Accountancy and Statistics Statistics

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