Al Suffah Elementary School and Academy

Test Business Statistics Class: I.com 2 Marks 50

Attempt the following short questions (2 x 10)

1. Define Median with Example

2. Write Two Advantages of Arithmetic Mean
3. If in a skewed distribution Median = 20, Mode = 30 find Mean.
4. Define Simple Index no. and write the formula of Price relative.
5. Write the formula of Fisher Index no.
6. Difference between primary and Secondary Data
7. Difference Between Sample and Statistic
8. Find the Median from the Following data 2,7,3,4,5,6,7,8
9. Find A.M by the method of coding from the following data 10,20,30,40,50,60,70
10. Define Statistics

2. Tick the right option

1) Mid-Point is also called

A) Class Mark B) Class Limit C) Class Boundaries D) None
2) The most repeated value of an array data is called
A) Mode B) Median C) A.M D) None of
These
3) The relative frequency sum is always equal to
A) 1 B) 0 C) >1 D) <=1
4)  ∑ (X −X ¿)=¿ ¿
A) 1 B) 0 C) Less than 1 D) None
5) Pn
x 100
P n−1
A) Link Relative B) Price Relative C) Chain indices D) None of
these
6) In a symmetric Distribution Mean, Median and Mode
A) Equal B) Not Equal C) Zero D) None of
these
7) In a skewed distribution
A) Mode= 3Median- B) Mode=2Median-3Mean C) Mode=Median=Mean D) None of
2Mean these
8) Median of the data 2,4,6,8,10
A) 4 B) 6 C) 10 D) None
9) If a distribution has one mode it is called
A) Uni Mode B) Multi Mode C) Bi Mode D) None
10) The First Index was calculated
A) 1865 B) 1864 C) 1664 D) 1764
Section-2

1) Find Median from the following data.

Classes 2.5-5.0 5.0-7.5 7.5-10.0 10.0-12.5 12.5-15.0 15.0-17.5 17.5-20.0

F 6 8 12 14 8 4 2

2) Find the Fisher Index no. of the following data with 2020 as base year
Product 2020 (Price) 2020 (Quantity) 2021 (Price) Quantity (2021)
A 10 3 12 8
B 20 4 22 10
C 25 5 26 4
D 15 8 16 5
E 30 10 35 4

3) Find A.M by (Step Deviation Method and Coding Method)

X 10 15 20 25 30
F 4 8 10 6 5