BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The median and the second quartile of a data set are always equal.
|
|
True
|
|
|
False
|
Explanation:
Detailed explanation-1: -Answer and Explanation: The affirmation is true. The second quartile value is equal to the median. The second quartile is the bottom 50% or the median.
Detailed explanation-2: -The second quartile (Q2) is the median of a data set; thus 50% of the data lies below this point.
Detailed explanation-3: -For any data set, the median is always equal to the 50th percentile.
Detailed explanation-4: -If we consider the normal distribution-as this is the most frequently assessed in statistics-when the data is perfectly normal, the mean, median and mode are identical. Moreover, they all represent the most typical value in the data set.
There is 1 question to complete.