The arithmetic mean of 100 observations was 50. Later on, it was found that two observations were misread as 82 and 6 instead of 182 and 56. What is the value of the corrected mean?
50.1
The corrected mean is calculated by adjusting the misread values and recalculating the mean. The corrected mean is found to be 50.1. Hence, the correct answer is (a) 50.1.
Important Questions from Statistics
Match the following:
(a) Marginalist Revolution (i) Samuelson (b) Multiplier-Accelerator model (ii) J. R. Hicks (c) IS-LM curves (iii) Jevous (d) Real Business Cycle (iv) Robert J. Borro Choose the correct option from those given below:
Which one of the following responses is true as a solution to simultaneous equation bias?
A. OLS method
B. Principle Component Method
C. Two - stage Least Square Method (2 SLS method)
D. Full Information Maximum Likelihood method (FIML)
Choose the correct option.
Time series under the condition (E xt ) = μ and cov(x t, x t + k ) = Y(K) is said to be
Given the sample size 400 with the sample mean 99, the population mean 100 and computed value of z statistic at 2.5, the value of population standard deviation will be
Which one of the following price index numbers satisfies the factor reversal test?
