Question
In the data set given below, what is the product of the
Median and the Mode? {2.1, 5, 6, 7, 8, 9.3,11,15, 17, 19.21, 27, 31, 31, 33, 16.5, 14, 10}Solution
First, we need to adjust the digits in the ascending order. 2.1, 5, 6, 7, 8, 9.3, 10, 11, 14, 15, 16.5, 17, 19.21, 27, 31, 31, 33 Total number of terms = 17 Median =(n+1)/2 term = (17+1)/2 =9th term. So, the median of the set is 14. Now, 31 occurs 2 times in the set which is the highest. So, mode = 31 Product of the median and mode = 31× 14 =434 The difference between the Median and the Mode is 434
Which IND AS governs accounting for insurance transactions in India?
Which of the following is an example of an intangible asset?
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
In government project accounting (like infrastructure projects), revenue recognition may use percentage-of-completion method. Which of the following bes...
A company makes the following purchases during a month: 100 units at ₹10 each on 1 July and 200 units at ₹12 each on 14 July and later, on 25 July, ...
A trucking company purchases a delivery truck for ₹12,00,000. It expects the truck to deliver 3,00,000 km over its life and have a salvage value of �...
Match the following:
Which of the following is NOT a type of insurance?
Expiration of cost of intangible assets is referred to as:
Zero-Based Budgeting (ZBB) requires:
Relevant for Exams: