This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Economics Statistics For Economics > Class 11 Economics (Statistics For Economics) Chapter 6 Measures Of Dispersion – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Statistics For Economics) Chapter 6 Measures Of Dispersion Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The interquartile range of a set of data is 18. Find the new interquartile range if each value in the set of data is multiplied by 4. A) 18. B) 54. C) 72. D) 288. Show Answer Correct Answer: C) 72. 2. In a 100 item test, the passing mark is the 3rd quartile. What does it imply? A) The students should answer at least 50 items correctly to pass the test. B) The students should answer at least 75 items correctly to pass the test. C) The students should answer at most 75 items correctly to pass the test. D) The students should answer at most 50 items correctly to pass the test. Show Answer Correct Answer: B) The students should answer at least 75 items correctly to pass the test. 3. What is Scooby Doo's full name? A) Scooby Dooby Doo. B) Scoobert Doo. C) Scooby Dub Dub Doo. D) None of the above. Show Answer Correct Answer: B) Scoobert Doo. 4. A set of of data has a minimum value of 15 and a maximum value of 40. Find the new range if two numbers, 8 and 35, are added to the set of the data. A) 25. B) 32. C) 35. D) 20. Show Answer Correct Answer: B) 32. 5. Which of the following class interval has a midpoint 145.5? A) 141-150. B) 140-149. C) 140-150. D) 141-149. Show Answer Correct Answer: A) 141-150. 6. ..... is equal to the value corresponding to cumulative frequency 3(N+1)/4 from simple frequency distribution. A) 1st Decile. B) Median. C) 1st quartile. D) 3rd quartile. Show Answer Correct Answer: D) 3rd quartile. 7. Find the range of these numbers:15, 2, 3, 7, 8, 4, 3, 2, 16, 2, 4 A) 7. B) 13. C) 14. D) 2. Show Answer Correct Answer: C) 14. 8. What is the variance for the data given:{12, 13, 29, 18, 61, 35, 21} A) 41.98. B) 293.67. C) 17.14. D) 15.87. Show Answer Correct Answer: B) 293.67. 9. Which of the following is not a measure of dispersion? A) Range. B) Mean Deviation. C) Geometric Mean. D) Standard Deviation. Show Answer Correct Answer: C) Geometric Mean. 10. The measure of dispersion which is expressed in terms of the nits of observations ..... A) Absolute measure. B) Variance. C) Relative measure. D) None of the above. Show Answer Correct Answer: A) Absolute measure. 11. Between Virat and Rohit, who is a consistent batsmen A) The one with lower Mean Deviation. B) The one with lower Coefficient of Variation. C) The one with higher Coefficient of Variation. D) The one with higher Average. Show Answer Correct Answer: B) The one with lower Coefficient of Variation. 12. Four data sets are shown below. Set 1:{19, 19, 19, 19, 19} Set 2:{5, 10, 15, 20, 25} Set 3:{9, 10, 11, 12, 13} Set 4:{5, 20, 28, 36, 51} Which data set has the smallest standard deviation? A) Set 3. B) Set 2. C) Set 1. D) Set 4. Show Answer Correct Answer: C) Set 1. 13. A set of data contains 20 numbers. The sum of the numbers is 284 and the sum of the squares of the numbers is 4 688. Calculate the standard deviation of the set of data. A) 36.27. B) 5.724. C) 5.274. D) 32.76. Show Answer Correct Answer: B) 5.724. 14. Which of the following is NOT a measure of dispersion for grouped data? (a) Range (b) Mean (c) Interquartile Range (d) Standard Deviation A) Mode. B) Median. C) B. D) Variance. Show Answer Correct Answer: C) B. 15. It is defined as the square root of the variance. A) Coefficient of variation. B) Midrange. C) Standard deviation. D) Kurtosis. Show Answer Correct Answer: C) Standard deviation. 16. What is the standard deviation for the data given:5, 10, 7, 12, 0, 20, 15, 22, 8, 2 A) 10.1. B) 7.26. C) 9. D) 6.89. Show Answer Correct Answer: B) 7.26. 17. Sum of the frequency for a level and the others before it A) Relative frequency. B) Range. C) Cumulative frequency. D) Midpoint. E) Frequency distribution. Show Answer Correct Answer: C) Cumulative frequency. 18. The numerical value of the standard deviation can never be A) None. B) Zero. C) Negative. D) Larger than the variance. Show Answer Correct Answer: C) Negative. 19. Quartile deviation with Q1 = 25 and Q3 = 75 is equal to A) 25. B) 5. C) 20. D) 15. Show Answer Correct Answer: A) 25. 20. How can you use the SUM function to add a range of cells in a spreadsheet? A) =SUM(A1+A10). B) =SUM(A1-A10). C) =SUM(A1:A10). D) =SUM(A1*A10). Show Answer Correct Answer: C) =SUM(A1:A10). 21. What is the relationship between variance and standard deviation? A) Variance is the square of standard deviation. B) Standard deviation is the square of variance. C) They are the same. D) Variance is always larger than standard deviation. Show Answer Correct Answer: A) Variance is the square of standard deviation. 22. The range and the variance of a set of numbers y1, y2, ..... , y15 are 8 and 4.5 respectively.Calculate the range and the variance of the set of numbers $\frac{2y_1+15}{5}, \\frac{2y_2+1}{5}, \\frac{2y_3+1}{5}, \ ..... \, \\frac{2y_{15}+1}{5}.$ A) 3.4, 3.2. B) 3.4, 2. C) 3.2, 3.6. D) 3.2, 3.8. Show Answer Correct Answer: C) 3.2, 3.6. 23. ..... in particular helps in finding the variability of the data A) Mean. B) Median. C) Mode. D) None of these. Show Answer Correct Answer: D) None of these. 24. If the salary of 10 employees are identical i.e. $ 4000, then its mean deviation from Mean is A) 4000. B) 0. C) 1. D) None of these. Show Answer Correct Answer: B) 0. 25. Explain the concept of interquartile range. A) The interquartile range is the difference between the maximum and minimum values in a data set. B) The interquartile range is the sum of all quartiles in a data set. C) The interquartile range is the average of the first and third quartiles in a data set. D) The interquartile range is the difference between the third quartile (Q3) and the first quartile (Q1) of a data set. Show Answer Correct Answer: D) The interquartile range is the difference between the third quartile (Q3) and the first quartile (Q1) of a data set. 26. In a set of 100 data values, the mean is 29 with a standard deviation of 3, what is the range of data values within one standard deviation of the mean? A) 26-32. B) 26-29. C) 32-39. D) 3-29. Show Answer Correct Answer: A) 26-32. 27. What does the range in statistics measure? A) The spread of data around the mean. B) The middle value of a data set. C) The average of a data set. D) The difference between the highest and lowest values. Show Answer Correct Answer: D) The difference between the highest and lowest values. 28. What is a demerit of the standard deviation? A) It is sensitive to extreme values. B) It cannot be used for non-numeric data. C) It is always larger than the mean. D) It is difficult to interpret. Show Answer Correct Answer: A) It is sensitive to extreme values. 29. What does the term 'coefficient of variation' refer to? A) The difference between maximum and minimum. B) The ratio of standard deviation to mean. C) The average of the deviations. D) The ratio of mean to median. Show Answer Correct Answer: B) The ratio of standard deviation to mean. 30. State the midpoint of the class interval (3.8-5.2). A) 4.5. B) 4.6. C) 5.2. D) 3.8. Show Answer Correct Answer: A) 4.5. 31. If the variance of a data set is 30.25, what is the standard deviation? A) 60.5. B) 5.5. C) 15.125. D) 915.0625. Show Answer Correct Answer: B) 5.5. 32. Which of the following is NOT a measure of dispersement? A) Range. B) Variance. C) Median. D) Standard deviation. Show Answer Correct Answer: C) Median. 33. Coefficient of standard deviation is the ratio of ..... A) Mean to Standard Deviation. B) Standard Deviation to Mean. C) Median to Standard Deviation. D) Standard Deviation to Median. Show Answer Correct Answer: B) Standard Deviation to Mean. 34. The mean of a set of numbers p, 2p, 3p, 4p and 5p is 6. Calculate the standard deviation of the set of numbers. A) 8.822. B) 2.828. C) 2.288. D) 8.228. Show Answer Correct Answer: B) 2.828. 35. What does a low coefficient of variation indicate? A) Data is normally distributed. B) Low variability in the data. C) High variability in the data. D) Data has extreme outliers. Show Answer Correct Answer: B) Low variability in the data. 36. Chebyshev's Theorem states that regardless the shape of the distribution, at least $1-\frac{1}{k^2}$ A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 37. Mean deviation is calculated based on which of the following? A) The mode of the data set. B) The mean of the data set. C) The range of the data set. D) The median of the data set. Show Answer Correct Answer: B) The mean of the data set. 38. Given the following scores, 15, 12, 2, 3, 5, 11, 23, 24, 45, 32, 33:What is the range? A) 40. B) 47. C) 45. D) 43. Show Answer Correct Answer: D) 43. 39. If the dispersion is small, then the values in the distribution is close to the median. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 40. The masses of six children are 34.5 kilograms, 42.6 kilograms, 39.8 kilograms, 40.1 kilograms, 53.4 kilograms, and 33.8 kilograms. Find the mean mass. A) 40. B) 41. C) 40.7 kg. D) 50. Show Answer Correct Answer: C) 40.7 kg. 41. The ..... is the easiest measure of dispersion to calculate. A) Range. B) Mean absolute deviation. C) Standard Deviation. D) Variance. Show Answer Correct Answer: A) Range. 42. Which of the measures of dispersion only uses two values in the distribution? A) Range. B) Standard deviation. C) Variance. D) Mean deviation. Show Answer Correct Answer: A) Range. 43. What is the formula to calculate the range? A) Range = Maximum Value / Minimum Value. B) Range = Maximum Value + Minimum Value. C) Range = Maximum Value-Minimum Value. D) Range = Maximum Value x Minimum Value. Show Answer Correct Answer: C) Range = Maximum Value-Minimum Value. 44. Quartile Deviation is based on ..... of the observation. A) Initial 50%. B) Middle 25%. C) Middle 50%. D) All set of data. Show Answer Correct Answer: C) Middle 50%. 45. If each number in a set of data is added or substracted with a constant, the range, interquartile range, variance and standard deviation also will change. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 46. QD is based on the ..... items A) Highest 25%. B) Highest 50%. C) Lowest 25%. D) Middle 50%. Show Answer Correct Answer: D) Middle 50%. 47. Difference between the max and min A) Frequency distribution. B) Range. C) Class width. D) Lower class limit. E) Upper class limit. Show Answer Correct Answer: B) Range. 48. What does a distribution with a high value of standard deviation imply? A) The scores are closer to the mean. B) The scores are closer together. C) The scores are heterogenous. D) The scores are homogenous. Show Answer Correct Answer: C) The scores are heterogenous. 49. The Empirical Rule says that 95% of the observations in a distribution will lie within plus and minus two standard deviations of the mean. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 50. Define the first quartile in statistics. A) The first quartile is the median of a dataset. B) The first quartile is the 75th percentile of a dataset. C) The first quartile is the 25th percentile of a dataset. D) The first quartile is the mode of a dataset. Show Answer Correct Answer: C) The first quartile is the 25th percentile of a dataset. 51. Quartile Deviation for the data 1, 3, 4, 5, 6, 6, 10 is A) 1. B) 3. C) 6. D) 1.5. Show Answer Correct Answer: D) 1.5. 52. All of the below sets have the same mean. Set 1-Standard Deviation=3.1 Set 2-Standard Deviation=4.9 Set 3-Standard Deviation=1.7 Set 4-Standard Deviation=3.2 Which set of data probably has the points farthest to the mean? A) Set 3. B) Set 4. C) Set 2. D) Set 1. Show Answer Correct Answer: C) Set 2. 53. 6. The arithmetic average of the absolute deviation of a series known as the ..... A) Standard deviation. B) Coefficient of mean deviation. C) Mean deviation. D) None of the above. Show Answer Correct Answer: C) Mean deviation. 54. If the variance of a distribution is 169, then what is the standard deviation of the same distribution? A) 11. B) 13. C) 12. D) 14. Show Answer Correct Answer: B) 13. 55. Four data sets are shown below. Set 1:{19, 19, 19, 19, 19} Set 2:{5, 10, 15, 20, 25} Set 3:{9, 10, 11, 12, 13} Set 4:{5, 20, 28, 36, 51} Which data set has the largest standard deviation? A) Set 3. B) Set 2. C) Set 1. D) Set 4. Show Answer Correct Answer: D) Set 4. 56. Find the Mean Absolute Deviation of the set:10, 5, 7, 14, 19, 32, 25 A) 16. B) 112. C) 56. D) 8. Show Answer Correct Answer: D) 8. 57. Explain quartile deviation. A) Quartile deviation is the difference between the first and third quartiles. B) Quartile deviation is a measure of central tendency. C) Quartile deviation is the same as standard deviation. D) Quartile deviation is half the interquartile range. Show Answer Correct Answer: D) Quartile deviation is half the interquartile range. 58. Standard deviataion is usually used to compare two sets of data. If the value of the standard deviation is very small the data is more A) Dispersed. B) Consistent. C) Random data. D) None of the above. Show Answer Correct Answer: B) Consistent. 59. 9, 9, 10, 12, 12, 15, 17, 19, 20, 26, 21, 24, 30Find the D$_{7 }$score. A) 17. B) 20. C) 19. D) 26. Show Answer Correct Answer: B) 20. 60. In a population of five university students with GPAs of 2.5, 2.3, 1.7, 1.4, and 1.1, a sample of three students are considered. What would be a sample that would underestimate the population standard deviation? A) 1.7, 1.4, and 1.1. B) 2.5, 1.7, and 1.1. C) 2.5, 2.3, and 1.4. D) 2.3, 1.7, and 1.1. Show Answer Correct Answer: A) 1.7, 1.4, and 1.1. 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