Exam 8: Mode and Other Measures of Location
Exam 1: Introduction to Business Mathematics and Statistics10 Questions
Exam 2: Sampling and Data Collection10 Questions
Exam 3: Data and Their Accuracy10 Questions
Exam 4: Frequency Distributions and Charts10 Questions
Exam 5: General Charts and Graphs10 Questions
Exam 6: Arithmetic Mean10 Questions
Exam 7: Median10 Questions
Exam 8: Mode and Other Measures of Location10 Questions
Exam 9: Measures of Dispersion and Skewness10 Questions
Exam 10: Standard Deviation10 Questions
Exam 11: Quantiles and the Quartile Deviation10 Questions
Exam 12: Linear Functions and Graphs10 Questions
Exam 13: Regression Techniques10 Questions
Exam 14: Correlation Techniques10 Questions
Exam 15: Time Series Model10 Questions
Exam 16: Time Series Trend10 Questions
Exam 17: Seasonal Variation and Forecasting10 Questions
Exam 18: Index Relatives10 Questions
Exam 19: Composite Index Numbers10 Questions
Exam 20: Special Published Indices10 Questions
Exam 21: Interest and Depreciation10 Questions
Exam 22: Present Value and Investment Appraisal10 Questions
Exam 23: Annuities10 Questions
Exam 24: Functions and Graphs10 Questions
Exam 25: Linear Equations10 Questions
Exam 26: Quadratic and Cubic Equations10 Questions
Exam 27: Differentiation and Integration10 Questions
Exam 28: Cost, Revenue and Profit Functions10 Questions
Exam 29: Set Theory and Enumeration10 Questions
Exam 30: Introduction to Probability9 Questions
Exam 31: Conditional Probability and Expectation9 Questions
Exam 32: Combinations and Permutations10 Questions
Exam 33: Binomial and Poisson Distributions10 Questions
Exam 34: Normal Distribution10 Questions
Exam 35: Linear Inequalities10 Questions
Exam 36: Matrices10 Questions
Exam 37: Inventory Control10 Questions
Exam 38: Network Planning and Analysis10 Questions
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If you wish to calculate the average (proportional) increase in the price of bread over the last five years which of the following statistics would give you the most useful figure?
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(Multiple Choice)
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Correct Answer:
A
Which of the following datasets is particularly well suited to using the mode to describe the 'average'?
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(Multiple Choice)
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Correct Answer:
C
Which option is the best definition of the mode?
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(Multiple Choice)
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Correct Answer:
B
In a moderately skewed distribution, which of the following statements is NOT true?
(Multiple Choice)
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Patrice runs a small cafe in Lyon. He notes down the number of people selecting flavours of crepes. Which flavour is the mode for this data [flavour(frequency)]? Sugar(15); Chocolate(23); Chocolate and Banana (38); Raspberry Jam(11)
(Multiple Choice)
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Over the last four years, the economy of Kazakhstan has grown by 4.6%, 6.5% and 3.8%. Using the geometric mean, estimate the average yearly growth (2 decimal places).
(Multiple Choice)
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The Chamber of Commerce is conducting research into the length of time that retailers have been in their current premises. They collect data and then present it in a grouped frequency distribution. The modal class is '4 and up to 6 years' (f=8); the previous class had a frequency of 4; the following class had a frequency of 2. Estimate the mode for this data (1 decimal place).
(Multiple Choice)
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A courier company calculates the fuel consumption of four mopeds over the same route as 62 km/l; 55 km/l; 59 km/l and 49 km/l. Using the harmonic mean, calculate the average fuel consumption for these vehicles (2 decimal places).
(Multiple Choice)
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Data on the average monthly spend of 180 mobile phone customers shows that the modal class is '$40 to $50' (f=53); the previous and following classes had frequencies of 24 and 46 respectively. Estimate the mode for this data (2 decimal places).
(Multiple Choice)
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Which of the following statements about the mode is NOT true?
(Multiple Choice)
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