PRC-2 · Chapter 8 · Question 49 of 60
What is the median of the following ungrouped dataset containing an even number of observations: 12, 16, 24, 30?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) 20
Explanation
For an even number of sequentially ordered observations, the median is the arithmetic average of the two central values. Here, (16 + 24) / 2 = 40 / 2 = 20.
More Statistical Measures of Data MCQs
- Q51An asset generates an average return of 20% with a standard deviation of 5%. What is the precisely calculated Coefficient of Variation (CV)?
- Q52To properly calculate the average annual compounding rate of inflation over a consecutive ten-year period, a statistician must strictly…
- Q53When calculating the exact average speed of a train that travels multiple distinct, equal-distance segments at different speeds, which…
- Q54If a dataset's arithmetic mean is strictly lower than its median, and the median is strictly lower than the mode (Mean < Median < Mode)…
- Q55Which of the following graphical tools is generally utilized to visually estimate the Median of a grouped frequency distribution?
