Quantitative Methods Q97
0. Considering the following set of numbers (which have been arranged in ascending order)
| 39 | 40 | 41 | 41 | 41 |
| 43 | 48 | 53 | 55 | 55 |
Which of the following statements is most accurate?
- Option : B
- Explanation : The mode is the most frequent value in the set of items and thus is equal to 41. The mean is the average value from the set of items and is computed as follows: Mean = Sum of observations / Number of observations = 456 / 10 = 45.6 The median is the value of the middle item of a set of items. For even number of observations, the median is equal to the average of the middle two values. The median is thus the average of 41 and 43. Median = 42. Therefore, the median is smaller than the mean but larger than the mode.
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