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Page 1 CPT Section D Quantitative Aptitude Chapter 11 Dr.R.B.Tiwari Page 2 CPT Section D Quantitative Aptitude Chapter 11 Dr.R.B.Tiwari MCQ’s Page 3 CPT Section D Quantitative Aptitude Chapter 11 Dr.R.B.Tiwari MCQ’s (a) Standard deviation (b) Mean deviation (c) Quartile deviation (d) All these measures Answer: (c) Quartile Deviation The appropriate measure of dispersion for open-end classification is Page 4 CPT Section D Quantitative Aptitude Chapter 11 Dr.R.B.Tiwari MCQ’s (a) Standard deviation (b) Mean deviation (c) Quartile deviation (d) All these measures Answer: (c) Quartile Deviation The appropriate measure of dispersion for open-end classification is (a) Range (b) Mean deviation (c) Standard deviation (d) all these above Answer: (b) Mean deviation Which measure of dispersion includes absolute deviations. Page 5 CPT Section D Quantitative Aptitude Chapter 11 Dr.R.B.Tiwari MCQ’s (a) Standard deviation (b) Mean deviation (c) Quartile deviation (d) All these measures Answer: (c) Quartile Deviation The appropriate measure of dispersion for open-end classification is (a) Range (b) Mean deviation (c) Standard deviation (d) all these above Answer: (b) Mean deviation Which measure of dispersion includes absolute deviations. (a) Range (b) Mean deviation (c) Standard deviation (d) all these above Answer: (c) Standard deviation A change of origin has no impact onRead More
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FAQs on PPT - Measures of Dispersion - Economics for A Level
| 1. What is the definition of measures of dispersion in commerce? |  |
Ans. Measures of dispersion in commerce refer to statistical measures that help assess the extent of variability or spread of data points within a dataset. They provide insights into how individual values deviate from the central tendency, such as the mean or median.
| 2. What are the commonly used measures of dispersion in commerce? | |
Ans. The commonly used measures of dispersion in commerce include range, variance, standard deviation, coefficient of variation, and interquartile range. Each measure offers a different perspective on the spread of data points and is applicable in various scenarios.
| 3. How is range calculated as a measure of dispersion in commerce? | |
Ans. Range is calculated by subtracting the smallest value in a dataset from the largest value. It provides a simple measure of the overall spread of data points but does not consider the distribution within the dataset. Range is sensitive to outliers and extreme values.
| 4. What does standard deviation indicate in measures of dispersion in commerce? | |
Ans. Standard deviation is a widely used measure of dispersion in commerce. It quantifies the average amount by which data points deviate from the mean. A higher standard deviation suggests a greater spread, while a lower standard deviation indicates less variability around the mean.
| 5. How can measures of dispersion be useful in commerce? | |
Ans. Measures of dispersion are essential in commerce as they provide valuable insights into the variability of data. They help in risk assessment, decision-making, and evaluating the performance of products or services. Understanding the spread of data points allows businesses to identify trends, outliers, and potential areas of improvement or concern.
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Oct 31, 2024 Last updated |
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