Exam 11: Quantiles and the Quartile Deviation
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
Select questions type
Data for weekly sales total in a Dubai firm are analysed to give the following quartiles: Q1 = AED 45,000; Q2 = AED 52,500; Q3 = 63,780. Which of the following options represents the correct interpretation of the quartile measure of skewness (qsk) for these figures?
Free
(Multiple Choice)
4.8/5
(36)
Correct Answer:
A
Calculate the quartile coefficient of dispersion for data with a quartile deviation of 40 and a median of 95 (1 decimal place).
Free
(Multiple Choice)
4.9/5
(39)
Correct Answer:
C
When splitting a set up into quartiles, what name is given to the value that separates the highest from the second-highest quartile?
Free
(Multiple Choice)
4.9/5
(43)
Correct Answer:
A
New car sales values for March 2014 show that the lower quartile is £11,750, the median value is £16,360 and the upper quartile is £26,253. What is the value of the quartile distribution?
(Multiple Choice)
4.8/5
(43)
Using the quartile coefficient of dispersion, compare the information about petrol prices in Australia and Japan to see which has greater variance. 

(Multiple Choice)
4.9/5
(31)
Identify the lower quartile in this data set: 16, 24, 19, 10, 13, 19, 20
(Multiple Choice)
4.9/5
(30)
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)