This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Statistics For Economics) Chapter 6 Measures Of Dispersion – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Statistics For Economics) Chapter 6 Measures Of Dispersion Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following sets of data has the smallest standard deviation? A) 5, 6, 7, 8, 9. B) 5, 5, 7, 9, 9. C) 12, 18, 20, 23, 25. D) 12, 12, 12, 20, 20. Show Answer Correct Answer: A) 5, 6, 7, 8, 9. 2. The Coefficient of Range, for a data where Max value is 80kg and Minimum value is 20kg is A) =100/60 kg. B) 60/100 kg. C) 80/20 kg. D) 0.6. Show Answer Correct Answer: D) 0.6. 3. ..... expresses the variability of the data in terms of some other value/percentages. A) Central Tendency. B) Absolute Measure. C) Relative Measure. D) Dispersion. Show Answer Correct Answer: C) Relative Measure. 4. ..... is the tool of measure of the variation of the items. A) Mode. B) Mean. C) Hypothesis. D) Dispersion. Show Answer Correct Answer: D) Dispersion. 5. What does the term 'merits and demerits' refer to in statistics? A) Advantages and disadvantages of statistical measures. B) Types of data distributions. C) Methods of data collection. D) Statistical software tools. Show Answer Correct Answer: A) Advantages and disadvantages of statistical measures. 6. Given a standard deviation of 9, what is the variance? A) 81. B) 3. C) 18. D) 4.5. Show Answer Correct Answer: A) 81. 7. The variance of a set of the data is 35. If each value in the set of the data is multiplied by 2, find the new variance. A) 35. B) 70. C) 105. D) 140. Show Answer Correct Answer: D) 140. 8. Four data sets are shown below.Set 1:\{10, 19, 38, 50, 51\}Set 2:\{5, 21, 26, 39, 51\}Set 3:\{9, 38, 50, 50, 51\}Set 4:\{5, 28, 28, 28, 51\}Which data set has the largest standard deviation? A) Set 1. B) Set 2. C) Set 3. D) Set 4. Show Answer Correct Answer: A) Set 1. 9. What is the main advantage of using the range? A) It is easy to compute. B) It considers all data points. C) It is not affected by outliers. D) It provides a detailed view of data distribution. Show Answer Correct Answer: A) It is easy to compute. 10. When 1st quartile=20, 3rd quartile=30:the value of Quartile Deviation is A) 7. B) 4. C) -5. D) 5. Show Answer Correct Answer: D) 5. 11. Which measure is based on all observation? A) Mean Deviation. B) Range. C) Quartile Deviation. D) None of the above. Show Answer Correct Answer: A) Mean Deviation. 12. If two data sets have the same mean, then these sets also have the same standard deviations. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 13. What measure of variation is the square root of the variance? A) Range. B) Inter-quartile range. C) Inter-quartile deviation. D) Standard deviation. Show Answer Correct Answer: D) Standard deviation. 14. Quartile Deviation is called A) Semi inter-quartile range. B) Quartile range. C) Quartile deviation. D) Coefficient of quartile deviation. Show Answer Correct Answer: A) Semi inter-quartile range. 15. What is the 50th percentile of the following student heights:60 in, 75 in, 70 in, 58 in, 62 in A) 58. B) 70. C) 75. D) 62. Show Answer Correct Answer: D) 62. 16. The following are Gold prices for 5 consequtive days, Rs.4392, Rs.4381, Rs.4349, Rs.4395, Rs.4380 then the Range and Coefficient of Range in Gold prices is ..... A) Rs.11 and 0.0017. B) Rs.15 and 0.0017. C) Rs15 and 585. D) Rs.46 and 0.0053. Show Answer Correct Answer: D) Rs.46 and 0.0053. 17. If mean=5, SD=2.6, coefficient of variation is A) 49. B) 50. C) 52. D) 51. Show Answer Correct Answer: C) 52. 18. What measures of position divides the distribution into 4 equal parts? A) Quartiles. B) Deciles. C) Percentiles. D) Range. Show Answer Correct Answer: A) Quartiles. 19. As x increases, y increases A) Correlation coefficient. B) Causation. C) Positive correlation. D) Negative correlation. Show Answer Correct Answer: C) Positive correlation. 20. The distribution with zero excess Kurtosis is called A) Mesokurtic. B) Leptokurtic. C) Platykurtic. D) Positive Skewness. Show Answer Correct Answer: A) Mesokurtic. 21. The variance of a set of positive numbers p, (p-5), (p-2), (p-3) and (2p-5) is 5.84. Calculate the value of p. A) 5. B) 6. C) 7. D) 8. Show Answer Correct Answer: C) 7. 22. Which of the following is a merit of using the coefficient of variation? A) It is not affected by outliers. B) It is always a whole number. C) It allows comparison between different data sets. D) It is easy to calculate. Show Answer Correct Answer: C) It allows comparison between different data sets. 23. Which measure of dispersion is most affected by outliers? A) Range. B) Interquartile range. C) Mean deviation. D) Median. Show Answer Correct Answer: A) Range. 24. The mean and the Standard deviation for following valuesi 3ii 11iii 4iv 7v 5is ..... A) 5 and 2.83. B) 5 and 2.4. C) 5.5 and 0.4. D) 6 and 2 83. Show Answer Correct Answer: D) 6 and 2 83. 25. Suppose you have 3 data values of 12, 14, and 16. If a value of 30 is added to the data set, what effect does this have on the mean and standard deviation? A) The mean and standard deviation will not change. B) The mean will increase, but the standard deviation will not change. C) Both the mean and standard deviation will increase. D) The mean will stay the same, but the standard deviation will increase. 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