PRC-2 · Chapter 8 · Question 7 of 60
Which specific measure of central tendency is most mathematically appropriate for averaging rates of change, speed, or unit prices?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Harmonic Mean
Explanation
The harmonic mean is specifically preferred for dealing with ratios, rates of change, and speeds (e.g., calculating average travel speed over different distances).
More Statistical Measures of Data MCQs
- Q9How is the Interquartile Range (IQR) formally calculated?
- Q10A dataset contains the values 10, 10, 10, 10, and 10. What is the standard deviation of this set?
- Q11Which of the following statements regarding the statistical measure of 'variance' is universally true?
- Q12If you multiply every observation in a dataset by a constant 'k', what will happen to the new standard deviation?
- Q13Which measure of central tendency is defined as the value that appears most frequently in a given dataset?