Which of the following measures of central tendency is based on all observations and is most affected by extreme values? MCQ with Answer and Explanation

Question

Which of the following measures of central tendency is based on all observations and is most affected by extreme values?

A. Arithmetic mean

B. Median

C. Harmonic mean

D. Mode

Answer: Option A

Solution (By JKSSB Mock Tests)

Arithmetic mean uses every value and is pulled towards outliers.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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In Bayes' theorem, the initial probabilities before observing evidence are called:

A. Prior probabilities

B. Posterior probabilities

C. Marginal probabilities

D. Likelihoods

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Correct Answer: Option A

Explanation:
Prior probabilities represent the initial degree of belief.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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An index number that does not use weights is called:

A. Laspeyres index

B. Weighted index

C. Fisher index

D. Simple index

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Correct Answer: Option D

Explanation:
Simple index numbers give equal importance to all items.

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Question #3

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The Sample Registration System (SRS) provides data on:

A. Industrial production

B. Maternal mortality only

C. Agricultural output

D. Births and deaths by age, sex, and residence

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Correct Answer: Option D

Explanation:
SRS generates annual estimates of fertility and mortality indicators.

This question belongs to: Accountancy and Statistics Statistics

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