20 + Interview Questions in PARTITION VALUES IN GENERAL AWARENESS Page 1 InterviewSolution

1.	Complete the following statement.1. 50th percentile is equal to __________2. The value of the first quartile is __________3. The value of the 3rd quartile is __________4. Value that divides the whole set of observation into four equal parts is called__________5. 29th June is celebrated as __________6. Value which divide the data into required number of equal parts are called __________7. Fractile graphical analysis, a statistical method was devised by __________
Answer» 1. 5th decile 2. \((\frac{n+1}{4})^{th}\)observation 3. \((\frac{n+1}{4})^{th}\)Observation 4. Quartile 5. Quartile 6. partition values 7. Prof. P. C. Mahalanobis.

1.

Complete the following statement.1. 50th percentile is equal to 2. The value of the first quartile is 3. The value of the 3rd quartile is 4. Value that divides the whole set of observation into four equal parts is called5. 29th June is celebrated as 6. Value which divide the data into required number of equal parts are called 7. Fractile graphical analysis, a statistical method was devised by __

Answer»

1. 5th decile

2. \((\frac{n+1}{4})^{th}\)observation

3. \((\frac{n+1}{4})^{th}\)Observation

4. Quartile

5. Quartile

6. partition values

7. Prof. P. C. Mahalanobis.

Discussion

2.	State with reasons whether you agree or disagree with the following statement:Median is also known as the second quartile.
Answer» Yes, I agree with the statement. Median is the middlemost value in the arranged data. It is the value that divides the series into two equal parts, so that the number of items above it, is equal to the number of items below it. It is not affected by extreme values. Median = n/2 and Q = 2 (n/4) i.e n/2. Therefore, the Median is equal to the second quartile.

2.

State with reasons whether you agree or disagree with the following statement:Median is also known as the second quartile.

Answer»

Yes, I agree with the statement.

Median is the middlemost value in the arranged data.
It is the value that divides the series into two equal parts, so that the number of items above it, is equal to the number of items below it.
It is not affected by extreme values.
Median = n/2 and Q = 2 (n/4) i.e n/2.
Therefore, the Median is equal to the second quartile.

Discussion

3.	Find the odd word out:1. Percentile, Mercantile, Decile, Quartile2. Mean, Mode, Meridian, Median3. P.C.Mahalanobis, Statistics Day, Fractile Graphical Analysis, Demand Analysis.4. Percentile, Health indicator, Quartile, Household income.
Answer» 1. Mercantile 2. Meridian 3. Demand Analysis 4. Quartile

3.

Find the odd word out:1. Percentile, Mercantile, Decile, Quartile2. Mean, Mode, Meridian, Median3. P.C.Mahalanobis, Statistics Day, Fractile Graphical Analysis, Demand Analysis.4. Percentile, Health indicator, Quartile, Household income.

Answer»

1. Mercantile

2. Meridian

3. Demand Analysis

4. Quartile

Discussion

4.	Answer the following question on the basis of the given table:Marks30140204050No, of Students134786Find out the value of ‘n’ in the above data.
Answer» Correct Answer is n = 38

Discussion

5.	Answer the following question on the basis of the given table:Marks3010204050No. of Students14786Find out the cumulative frequency of the last value in the above data.
Answer» Cumulative frequency = 38.

Discussion

6.	Calculate Q , D , and P for the given data.Income (in lakhs ₹)123456No. of family2520251512
Answer» Q₃ = ₹ 5 Lakhs, D₅ = ₹ 4 Lakhs, P₃₅ = ₹ 4 Lakhs

Discussion

7.	Find out P for the following data:Wages (in ₹) (x) Number of workers0-20420-40640-601060-802580-10015
Answer» P₅₀= ₹ 68 Wages

Discussion

8.	Calculate Q , D , and P for the following data. 18, 24, 45, 29, 4, 7, 28, 49, 16, 26, 25, 12, 10, 9, 8
Answer» Q = 9, D = 13.6, P = 9.16

Discussion

9.	Calculate Q3 for the following data:Sales (in lakhs ₹) 10-2020-3030-4040-5050-6060-70No. of firms203070483250
Answer» Q₃ = ₹ 56.09 Lakhs

Discussion

10.	Calculate P15 for the following data.Invetment (₹ in lakhs)0-1010-2020-3030-4040-5050-60No. of firms51025302010
Answer» P₁₅ = ₹ 20 lakhs

Discussion

11.	Give economic terms:The value that divides the whole set of observations into four equal parts.
Answer» Correct Answer is Quartiles

Discussion

12.	State with reasons whether you agree or disagree with the following statement:Partition values have application only in theory but not in practice.ORPartition values are not useful in economics.
Answer» No, I do not agree with the statement. Partition values like quartiles are useful to economists to know the final information related to income, sales, stock data, etc. Also, deciles and percentiles help economists to measure in the detail the poverty line, inequality of income, household, wealth, etc Hence, partition values are useful in Economics.

12.

State with reasons whether you agree or disagree with the following statement:Partition values have application only in theory but not in practice.ORPartition values are not useful in economics.

Answer»

No, I do not agree with the statement.

Partition values like quartiles are useful to economists to know the final information related to income, sales, stock data, etc.
Also, deciles and percentiles help economists to measure in the detail the poverty line, inequality of income, household, wealth, etc
Hence, partition values are useful in Economics.

Discussion

13.	Give economic terms:The value that divides the series into ten equal parts.
Answer» Correct Answer is Deciles

Discussion

14.	Calculate D7 for the following data.Profit (in cross ₹)10-2020-3030-4040-5050-6060-70No. of firms203070483250
Answer» D₇ = ₹ 52.1875

Discussion

15.	Statements related to partition values that are correct. (a) Exact divisions of percentiles into 100 parts gives 99 points (b) Deciles have total of 9 parts (c) Quartiles are shown by Q , Q , and Q (d) Symbolically, Percentiles and Deciles are shown by P and DOptions:(1) a and c (2) a and b (3) a, b and c (4) a, c and d
Answer» Correct option is (4) a, c and d

Discussion

16.	Give economic terms:Procedure for dividing the data into equal parts.
Answer» Correct Answer is Partitioning

Discussion

17.	D7 from the given data.Data – 4, 5, 6, 7, 8, 9, 10, 11, 12 Options: (1) 7(2) 9 (3) 10 (4) 12
Answer» Correct option is (1) 7

Discussion

18.	Identify the correct pairs from the given options:Group AGroup B1) Quartilesa) D = size of j\(\left(\cfrac{n+1}{10}\right)\) th observation2) Decliesb) Pk = I + \(\left(\cfrac{\frac{kn}{100}-cf }{f}\right)\times\,h\)3)Percentilesc) Qi = I + \(\left(\cfrac{\frac{in}{4}-cf }{f}\right)\times\,h\)Options: (1) 1-b, 2-c, 3-a (2) 1-c, 2-a, 3-b (3) 1-c, 2-b, 3-a (4) 1-a, 2-b, 3-c
Answer» Correct option is Correct Pair: (2) 1-c, 2-a, 3-b

Discussion

19.	Statements that do not apply to Quartiles. (a) First arrange the values in ascending or descending order. (b) Observation can be divided into 4 parts. (c) They are represented as Q , Q , and Q (d) Q is also known as the median. Options:(1) a (2) b and c (3) a, b and c(4) None of these
Answer» Correct option is (4) None of these

Discussion

20.	Suggest the economic terms for the given statements:1. The value that divides the data into hundred equal parts.2. Values that divide the data into the required number of equal parts.3. Value of the middlemost observation in the data.4. Extreme value on the lower side and higher side in magnitude.5. Q2 = D5 = P606. Partition value used in the measurement of test scores, health indicators, etc.7. Partition value is used to assess the performance of portfolio investment.
Answer» 1. Percentiles 2. Partition values or Fractiles 3. Median 4. Outliers 5. Median 6. Percentiles 7. Declies

20.

Suggest the economic terms for the given statements:1. The value that divides the data into hundred equal parts.2. Values that divide the data into the required number of equal parts.3. Value of the middlemost observation in the data.4. Extreme value on the lower side and higher side in magnitude.5. Q2 = D5 = P606. Partition value used in the measurement of test scores, health indicators, etc.7. Partition value is used to assess the performance of portfolio investment.

Answer»

1. Percentiles

2. Partition values or Fractiles

3. Median

4. Outliers

5. Median

6. Percentiles

7. Declies

Discussion

Explore topic-wise InterviewSolutions in .

State with reasons whether you agree or disagree with the following statement:Median is also known as the second quartile.

Find the odd word out:1. Percentile, Mercantile, Decile, Quartile2. Mean, Mode, Meridian, Median3. P.C.Mahalanobis, Statistics Day, Fractile Graphical Analysis, Demand Analysis.4. Percentile, Health indicator, Quartile, Household income.

Answer the following question on the basis of the given table:Marks30140204050No, of Students134786Find out the value of ‘n’ in the above data.

Answer the following question on the basis of the given table:Marks3010204050No. of Students14786Find out the cumulative frequency of the last value in the above data.

Calculate Q , D , and P for the given data.Income (in lakhs ₹)123456No. of family2520251512

Find out P for the following data:Wages (in ₹) (x) Number of workers0-20420-40640-601060-802580-10015

Calculate Q , D , and P for the following data. 18, 24, 45, 29, 4, 7, 28, 49, 16, 26, 25, 12, 10, 9, 8

Calculate Q3 for the following data:Sales (in lakhs ₹) 10-2020-3030-4040-5050-6060-70No. of firms203070483250

Calculate P15 for the following data.Invetment (₹ in lakhs)0-1010-2020-3030-4040-5050-60No. of firms51025302010

Give economic terms:The value that divides the whole set of observations into four equal parts.

State with reasons whether you agree or disagree with the following statement:Partition values have application only in theory but not in practice.ORPartition values are not useful in economics.

Give economic terms:The value that divides the series into ten equal parts.

Calculate D7 for the following data.Profit (in cross ₹)10-2020-3030-4040-5050-6060-70No. of firms203070483250

Give economic terms:Procedure for dividing the data into equal parts.

D7 from the given data.Data – 4, 5, 6, 7, 8, 9, 10, 11, 12 Options: (1) 7(2) 9 (3) 10 (4) 12

Statements that do not apply to Quartiles. (a) First arrange the values in ascending or descending order. (b) Observation can be divided into 4 parts. (c) They are represented as Q , Q , and Q (d) Q is also known as the median. Options:(1) a (2) b and c (3) a, b and c(4) None of these