MTH302 Final Term MCQs 2026 by Ali Khan

Q1. Another name of mean in statistics is

1. Mode
2. None of these
3. Median
4. Expected value

Correct answer: Expected value

Q2. Contribution Margin = Sale – Variable Cost

1. False
2. True

Correct answer: True

Q3. The graph below shows the average hours of sun per day over a period of one year. Which other month had the same number of average hours of sun per day as February?

1. November
2. July
3. January
4. December

Correct answer: November

Q4. A trimmed mean is also known as:

1. Weighted Mean
2. Truncated Mean
3. Median Mean
4. Average Mean

Correct answer: Truncated Mean

Q5. In a Pie chart, usually, the arrangement of the sectors is

1. None of these
2. Anti-clockwise
3. Clockwise
4. Pairwise

Correct answer: Anti-clockwise

Q6. Degrees are used to present percentages in _____________

1. none of these
2. bar graph
3. Sector graph
4. Line graph

Correct answer: Sector graph

Q7. In Positively Skewed Distribution,which of the following is true

1. Mean > mode > median
2. Mode > median > mean
3. None of these
4. Mean > median > mode

Correct answer: Mean > median > mode

Q8. If there are three intervals in the bins_array, how many cells should you select to display the FREQUENCY results?

1. 5
2. 4
3. 2
4. 3

Correct answer: 3

Q9. Histogram is also an example of graph.

1. True
2. false

Correct answer: True

Q10. Break even point (BEP) in units is calculated as ………

1. Contribution Margin (CM)/Fixed cost (FC)
2. Contribution Margin (CM)+Fixed cost (FC)
3. Contribution Margin (CM)-Fixed cost (FC)
4. Fixed cost (FC)/ Contribution Margin (CM)

Correct answer: Fixed cost (FC)/ Contribution Margin (CM)

Q1. Last year a small statistical consulting company paid each of its five statistical clerks $22,000, two

statistical analysts $50,000 each, and the senior statistician/owner $270,000. The number of employees

earning less than

the mean salary is:

A. 6 B. 5 C. 4

D. 7

Q2. Which of the following is true?

1. None of these.
2. Arithmetic Mean is based on all and Mode is on the middle values.
3. Arithmetic Mean is based on all and median on the middle value.
4. Median based on most frequent value and mode on middle value.

Correct answer: Arithmetic Mean is based on all and median on the middle value.

Q3. …………is used in compounding such as investments that are accumulated over a period of time

1. Mid range
2. Harmonic mean
3. Geometric mean
4. Arithmetic mean

Correct answer: Geometric mean

Q4. In a set of 10 observations the mean is 20 and the median is 15. There are 2 values that are 6, and all other values are different. What is the mode?

1. 15
2. 20
3. 16
4. 6

Correct answer: 6

Q5. Mode of the data 25,35,21,56,25,56,65 is ......

1. 21
2. 35
3. 25 & 56
4. 65

Correct answer: 25 & 56

Q6. Which of the following is the measure of central tendency?

1. Variance analysis
2. Arithmetic Mean
3. None of these
4. Standard deviation

Correct answer: Arithmetic Mean