All Courses
Get the App Signup / Login
Sign in Open App
Commerce Exam  >  Commerce Tests  >  Test: Measures of Dispersion - Commerce MCQ

Test: Measures of Dispersion - Commerce MCQ


Test Description

10 Questions MCQ Test - Test: Measures of Dispersion

Test: Measures of Dispersion for Commerce 2024 is part of Commerce preparation. The Test: Measures of Dispersion questions and answers have been prepared according to the Commerce exam syllabus.The Test: Measures of Dispersion MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Measures of Dispersion below.
Solutions of Test: Measures of Dispersion questions in English are available as part of our course for Commerce & Test: Measures of Dispersion solutions in Hindi for Commerce course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Measures of Dispersion | 10 questions in 10 minutes | Mock test for Commerce preparation | Free important questions MCQ to study for Commerce Exam | Download free PDF with solutions
Test: Measures of Dispersion - Question 1
Save

What does a measure of dispersion reveal about data?

Detailed Solution for Test: Measures of Dispersion - Question 1
A measure of dispersion, such as the range, reveals the spread of data by calculating the difference between the largest and smallest values in a dataset. This helps us understand how data points deviate from the central value, providing insights into the variability within the data.
Test: Measures of Dispersion - Question 2
Save

What characteristic should a good measure of dispersion NOT have?

Detailed Solution for Test: Measures of Dispersion - Question 2
A good measure of dispersion should consider all data points, have a well-defined formula, and not be heavily influenced by sampling variations. However, it should not disregard outliers as they can also provide valuable information about the data's spread.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Measures of Dispersion - Question 3
Save

What does a smaller measure of dispersion indicate about a data set?

Detailed Solution for Test: Measures of Dispersion - Question 3
A smaller measure of dispersion indicates greater consistency and uniformity in the data set, with less variability and inconsistency among data points. This makes the average a more reliable representative of the observations.
Test: Measures of Dispersion - Question 4
Save
Which of the following is NOT a relative measure of dispersion?
Detailed Solution for Test: Measures of Dispersion - Question 4
Standard deviation is not a relative measure of dispersion. Relative measures are expressed as ratios or percentages of the central tendency, while standard deviation is an absolute measure expressed in the same units as the variable being measured.
Test: Measures of Dispersion - Question 5
Save
What is the formula for calculating the coefficient of quartile deviation?
Detailed Solution for Test: Measures of Dispersion - Question 5
The coefficient of quartile deviation is calculated as (Q3 - Q1) / (Q3 + Q1), where Q3 is the third quartile and Q1 is the first quartile.
Test: Measures of Dispersion - Question 6
Save
What is the main advantage of using the mean deviation compared to other measures of dispersion?
Detailed Solution for Test: Measures of Dispersion - Question 6
The main advantage of using mean deviation is that it is less influenced by extreme values, making it a robust measure of dispersion that provides a better representation of data variability.
Test: Measures of Dispersion - Question 7
Save
Which method is NOT used for calculating the standard deviation?
Detailed Solution for Test: Measures of Dispersion - Question 7
The standard deviation can be calculated using methods like the actual mean method, shortcut method, and step deviation method, but there is no method called the "assumed mean method" for calculating standard deviation.
Test: Measures of Dispersion - Question 8
Save
What does the coefficient of variation measure?
Detailed Solution for Test: Measures of Dispersion - Question 8
The coefficient of variation measures the stability, uniformity, consistency, or homogeneity of data by calculating the ratio of the standard deviation to the mean. It helps compare the variability of different datasets.
Test: Measures of Dispersion - Question 9
Save
In the Lorenz curve, what does a greater area between the curve and the line of equal distribution indicate?
Detailed Solution for Test: Measures of Dispersion - Question 9
A greater area between the Lorenz curve and the line of equal distribution in the Lorenz curve indicates higher inequality in the items being analyzed. This is a visual representation of the degree of inequality within a dataset.
Test: Measures of Dispersion - Question 10
Save
Which measure of dispersion is widely used in fields like economics and business?
Detailed Solution for Test: Measures of Dispersion - Question 10
Standard deviation is widely used in fields like economics and business because it provides a precise measure of dispersion and is less susceptible to sampling fluctuations compared to other measures.
Information about Test: Measures of Dispersion Page
In this test you can find the Exam questions for Test: Measures of Dispersion solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Measures of Dispersion, EduRev gives you an ample number of Online tests for practice

Top Courses for Commerce

Download as PDF

Top Courses for Commerce

Important Questions for Measures of Dispersion

Find all the important questions for Measures of Dispersion at EduRev.Get fully prepared for Measures of Dispersion with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Measures of Dispersion syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Measures of Dispersion resources.

Measures of Dispersion MCQs with Answers

Prepare for the Measures of Dispersion within the Commerce exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Measures of Dispersion

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Measures of Dispersion with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup