Measures of Central Tendency and DispersionMCQPYQ July 21Question 3094 of 473
All Questions

The probable value of mean deviation when Q3=40\displaystyle Q_3 = 40 and Q1=15\displaystyle Q_1 = 15 is:

Options

A15
B18.75
C17.50
D0
For any discrepancies in this question, email contact@cadada.in

Correct Answer

✅ Option a — 15

All Options:

  • A15
  • B18.75
  • C17.50
  • D0

Ad

Detailed Solution & Explanation

We are given: - Third quartile: Q3=40\displaystyle Q_3 = 40 - First quartile: Q1=15\displaystyle Q_1 = 15 1. Calculate Quartile Deviation (Q.D.): Q.D.=Q3−Q12=40−152=12.5\text{Q.D.} = \frac{Q_3 - Q_1}{2} = \frac{40 - 15}{2} = 12.5 2. For a normal distribution, the relationship between Quartile Deviation (Q.D.) and Mean Deviation (M.D.) is: Q.D.≈56 M.D.  ⟹  M.D.≈65 Q.D.\text{Q.D.} \approx \frac{5}{6} \text{ M.D.} \implies \text{M.D.} \approx \frac{6}{5} \text{ Q.D.} 3. Calculate Mean Deviation: M.D.≈1.2×12.5=15\text{M.D.} \approx 1.2 \times 12.5 = 15 Hence, **Option A** is the correct answer.

About This Chapter: Measures of Central Tendency and Dispersion

Paper

Paper 3: Quantitative Aptitude

Weightage

12-15 Marks

Key Topics

Mean, Median, Mode, Range, Mean Deviation, Standard Deviation

The core foundation of Statistics. This chapter covers Mean (Arithmetic, Geometric, Harmonic), Median, Mode, and their properties. It also explores measures of spread like Range, Mean Deviation, Standard Deviation, and Quartile Deviation.

View Official ICAI Syllabus

Exam Strategy Tip

Do not just memorize formulas; ICAI loves asking about the mathematical properties (e.g., 'sum of deviations from the AM is always zero'). You can usually eliminate 2 options just by knowing the properties.

Related Comparison Tables

Mean vs Median vs Mode: Measures of Central TendencyFiscal Policy vs Monetary Policy: CA Foundation Economics

More Questions from Measures of Central Tendency and Dispersion

If the range of 28,22,40,20,15,50\displaystyle 28, 22, 40, 20, 15, 50 is

If the S.D. of the 1st\displaystyle 1^{st} n\displaystyle n natural numbers is 30\displaystyle \sqrt{30} then the value of n\displaystyle n is

If the variance of 5,7,9\displaystyle 5, 7, 9 and 11\displaystyle 11 is 4\displaystyle 4, then the coefficient of variation is:

A helicopter flies from A to B at the rate of 500 km/hr. and comes back at the rate 700 km/hr. The average speed of the helicopter is

If Arithmetic Mean (A.M.) and Geometric Mean (G.M.) of two numbers are 6.50 and 6 respectively, then the two numbers are

Which of the following is not a method of dispersion?

Ready to Master Measures of Central Tendency and Dispersion?

Practice all 473 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free