1. What is the range of a dataset?
Correct Answer: (A) The difference between the largest and smallest values
2. Which of the following formulas represents how to calculate the range?
Correct Answer: (A) Range = Maximum value - Minimum value
3. In a dataset of {3, 7, 5, 10, 2}, what is the range?
Correct Answer: (B) 8
4. Which of the following statements is true regarding the range?
Correct Answer: (B) It is sensitive to outliers.
5. When calculating the range of a dataset, what happens if the smallest and largest values are the same?
Correct Answer: (A) The range is zero.
6. Which of the following datasets has the largest range?
A) {1, 2, 3, 4, 5}
B) {10, 15, 20, 25, 30}
C) {5, 10, 15, 20, 100}
D) {8, 12, 16, 20}
Correct Answer: (C) {5, 10, 15, 20, 100}
7. Why is the range considered a limited measure of dispersion?
Correct Answer: (B) It ignores the distribution of values.
8. If the range of a dataset is 20 and the minimum value is 15, what is the maximum value?
Correct Answer: (A) 35
9. In which situation would the range be a less informative measure of dispersion?
Correct Answer: (A) When the dataset has outliers
10. Which of the following datasets has a range of 0?
A) {2, 2, 2, 2, 2}
B) {1, 2, 3, 4, 5}
C) {5, 10, 15, 20}
D) {7, 8, 9, 10, 11}
Correct Answer: (A) {2, 2, 2, 2, 2}
11. What is quartile deviation?
Correct Answer: (B) Half the difference between the first quartile (Q1) and the third quartile (Q3)
12. How is the quartile deviation calculated?
Correct Answer: (B) QD = (Q3 - Q1) / 2
13. If the first quartile (Q1) is 10 and the third quartile (Q3) is 20, what is the quartile deviation?
Correct Answer: (A) 5
14. Which of the following statements about quartile deviation is true?
Correct Answer: (C) It is a measure of variability.
15. When is the quartile deviation considered a useful measure of dispersion?
Correct Answer: (C) When the data is skewed
16. What does a small quartile deviation indicate about a dataset?
Correct Answer: (B) The values are closely clustered around the median.
17. Which of the following is NOT a characteristic of quartile deviation?
Correct Answer: (C) It is sensitive to extreme values.
18. If a dataset has a quartile deviation of 0, what does this imply?
Correct Answer: (B) All values in the dataset are identical.
19. In a dataset, if Q1 = 15 and Q3 = 30, what is the interquartile range (IQR)?
Correct Answer: (B) 15
20. How does quartile deviation relate to interquartile range (IQR)?
Correct Answer: (B) Quartile deviation is half of the IQR.
21. What is mean deviation?
Correct Answer: (B) The average of the absolute differences between each data point and the mean.
22. How is mean deviation calculated?
Correct Answer: (A) MD = Σ|x - mean| / n.
23. If the dataset is {5, 10, 15}, what is the mean deviation?
Correct Answer: (A) 5.
24. Which of the following statements about mean deviation is true?
Correct Answer: (D) It considers all data points in the calculation.
25. Why is mean deviation considered a useful measure of dispersion?
Correct Answer: (A) It is easy to compute.
26. How does mean deviation differ from standard deviation?
Correct Answer: (B) Mean deviation uses absolute values, while standard deviation uses squared values.
27. If the mean of a dataset is 50 and the absolute deviations from the mean are {5, 10, 15}, what is the mean deviation?
Correct Answer: (C) 5.
28. In which situation is mean deviation preferred over standard deviation?
Correct Answer: (B) When data contains outliers.
29. If the mean deviation of a dataset is 0, what does this imply?
Correct Answer: (A) All values in the dataset are the same.
30. Which of the following datasets will likely yield the highest mean deviation?
A) {10, 10, 10, 10}.
B) {1, 2, 3, 4}.
C) {0, 50, 100}.
D) {20, 20, 20, 20}.
Correct Answer: (C) {0, 50, 100}.
31. When calculating the mean deviation, what should be done with the absolute differences?
Correct Answer: (B) They should be summed and divided by the number of observations.
32. How does mean deviation provide insights about a dataset?
Correct Answer: (B) It indicates how closely the data points cluster around the mean.
33. If a dataset has high variability, what can be inferred about its mean deviation?
Correct Answer: (B) It will be high.
34. Mean deviation is most suitable for which type of data?
Correct Answer: (C) Continuous data.
35. If a dataset consists of {4, 8, 12, 16}, what is the mean deviation?
Correct Answer: (B) 3.
36. What is standard deviation?
Correct Answer: (B) A measure of the spread of data points around the mean.
37. How is variance defined?
Correct Answer: (B) The average of the squared deviations from the mean.
38. The formula for variance (σ²) in a population is:
Correct Answer: (A) σ² = Σ(x - μ)² / N.
39. The relationship between variance and standard deviation is:
Correct Answer: (B) Variance is the square of the standard deviation.
40. If the standard deviation of a dataset is 0, what does this imply?
Correct Answer: (C) All data points are identical.
41. How do you calculate the sample variance (s²)?
Correct Answer: (B) s² = Σ(x - x̄)² / (n - 1).
42. Which of the following is a characteristic of standard deviation?
Correct Answer: (A) It cannot be negative.
43. When would you use variance instead of standard deviation?
Correct Answer: (C) When performing statistical analysis that requires squared values.
44. If a dataset has a mean of 10 and the data points are {6, 8, 12, 14}, what is the standard deviation?
Correct Answer: (C) 3.
45. How does increasing the spread of a dataset affect the standard deviation?
Correct Answer: (C) It increases the standard deviation.
46. If a dataset has a high variance, what does it imply about the data?
Correct Answer: (B) The data points are widely spread out from the mean.
47. Which of the following statements is true regarding variance?
Correct Answer: (B) It can be expressed in squared units of the data.
48. What is the effect of outliers on standard deviation?
Correct Answer: (C) It can significantly increase the standard deviation.
49. Which of the following data sets has the highest variance?
A) {2, 2, 2, 2}.
B) {1, 2, 3, 4}.
C) {10, 20, 30, 40}.
D) {5, 5, 5, 5}.
Correct Answer: (C) {10, 20, 30, 40}.
50. When calculating the standard deviation, what is the first step?
Correct Answer: (A) Calculate the mean.
51. What does the coefficient of variation (CV) measure?
Correct Answer: (B) The relative variability of a dataset.
52. The coefficient of variation is calculated as:
Correct Answer: (A) CV = (Standard Deviation / Mean) × 100.
53. A higher coefficient of variation indicates:
Correct Answer: (B) More relative variability.
54. When is the coefficient of variation particularly useful?
Correct Answer: (A) When comparing datasets with different units.
55. If the mean of a dataset is zero, what happens to the coefficient of variation?
Correct Answer: (B) It is undefined.
56. The coefficient of variation is expressed as:
Correct Answer: (B) A percentage.
57. Which of the following statements is true regarding the coefficient of variation?
Correct Answer: (B) It is a measure of dispersion that is independent of the units of measurement.
58. If Dataset A has a mean of 50 and a standard deviation of 10, and Dataset B has a mean of 100 and a standard deviation of 20, which dataset has a higher coefficient of variation?
Correct Answer: (A) Dataset A.
59. The coefficient of variation is particularly useful in which field?
Correct Answer: (B) Financial analysis.
60. What does a CV of 0% indicate about a dataset?
Correct Answer: (C) All data points are identical.
61. If the coefficient of variation for a dataset is lower than 20%, what can be inferred?
Correct Answer: (B) The dataset has very low variability.
62. If the mean of a dataset is increased while the standard deviation remains constant, what happens to the coefficient of variation?
Correct Answer: (B) It decreases.
63. In which scenario is the coefficient of variation not useful?
Correct Answer: (A) When the mean of the dataset is zero.
64. The coefficient of variation is particularly useful when:
Correct Answer: (B) Comparing the relative variability of two or more datasets.
65. What is the coefficient of variation for a dataset with a standard deviation of 15 and a mean of 75?
Correct Answer: (B) 20%.