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Statistical calculations in classified data are based on ______ - Economics

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Question

Statistical calculations in classified data are based on ______ 

Options

  • the actual values of observations

  • the upper-class limits

  • the lower class limits

  • the class midpoints

MCQ
True or False
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Solution

Statistical calculations in classified data are based on the class midpoints.

Explanation: 

The option the class midpoints is correct.

The calculations in classified data or continuous series are based on the class midpoints. The items in a continuous series cannot be exactly measured. Consequently, the class midpoints are calculated.

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