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What is the Median, and what is a situation where it is the most suitable average?
  • a)
    The Median is the value that appears most frequently in a series, and it is the most suitable average for quantitative data.
  • b)
    The Median is a measure of central tendency that is less likely to be influenced by extreme observations, making it suitable for any type of data.
  • c)
    The Median is the value that separates the data into two equal parts, and it is the most suitable average for open-ended classes.
  • d)
    The Median is the mean of weighted items in a series, and it is the most suitable average for qualitative measurements.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the Median, and what is a situation where it is the most suita...
The Median is the value that separates the data into two equal parts, making it the most suitable average for situations where data is divided into open-ended classes. In such cases, where class boundaries are not defined, the Median provides a reliable measure of central tendency.
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What is the Median, and what is a situation where it is the most suitable average?a)The Median is the value that appears most frequently in a series, and it is the most suitable average for quantitative data.b)The Median is a measure of central tendency that is less likely to be influenced by extreme observations, making it suitable for any type of data.c)The Median is the value that separates the data into two equal parts, and it is the most suitable average for open-ended classes.d)The Median is the mean of weighted items in a series, and it is the most suitable average for qualitative measurements.Correct answer is option 'C'. Can you explain this answer?
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What is the Median, and what is a situation where it is the most suitable average?a)The Median is the value that appears most frequently in a series, and it is the most suitable average for quantitative data.b)The Median is a measure of central tendency that is less likely to be influenced by extreme observations, making it suitable for any type of data.c)The Median is the value that separates the data into two equal parts, and it is the most suitable average for open-ended classes.d)The Median is the mean of weighted items in a series, and it is the most suitable average for qualitative measurements.Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is the Median, and what is a situation where it is the most suitable average?a)The Median is the value that appears most frequently in a series, and it is the most suitable average for quantitative data.b)The Median is a measure of central tendency that is less likely to be influenced by extreme observations, making it suitable for any type of data.c)The Median is the value that separates the data into two equal parts, and it is the most suitable average for open-ended classes.d)The Median is the mean of weighted items in a series, and it is the most suitable average for qualitative measurements.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the Median, and what is a situation where it is the most suitable average?a)The Median is the value that appears most frequently in a series, and it is the most suitable average for quantitative data.b)The Median is a measure of central tendency that is less likely to be influenced by extreme observations, making it suitable for any type of data.c)The Median is the value that separates the data into two equal parts, and it is the most suitable average for open-ended classes.d)The Median is the mean of weighted items in a series, and it is the most suitable average for qualitative measurements.Correct answer is option 'C'. Can you explain this answer?.
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