Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Measures of Central Tendency

Question:

Which of the following statement is incorrect in the context of "Measures of Central Tendency"?

Options:

The measuring of central tendency is a way of summarising the data in the form of a typical or representative value.

There are 4 most commonly used averages- arithmetic mean, media, mode, geometric mean

Both 1 and 2

None of the above

Correct Answer:

There are 4 most commonly used averages- arithmetic mean, media, mode, geometric mean

Explanation:

The correct answer is Option 2: There are 4 most commonly used averages- arithmetic mean, media, mode, geometric mean

There are several statistical measures of central tendency or “averages”. The three most commonly used averages are: • Arithmetic Mean • Median • Mode

There are two more types of averages i.e. Geometric Mean and Harmonic Mean, which are only suitable in certain situations.