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Commerce · Q176

Business Statistics and Research Methods

Graduate and Post Graduate · Commerce · question 176

Q176

While constructing the cost-of-living index for a particular class, the commodities they consume have varying importance. Which of the following measures of central tendency should be counted as the best option?

A.
Harmonic Mean
B.
Weighted Arithmetic Mean
Answer
C.
Weighted Geometric Mean
D.
Median

Answer: Option B

Solution

Answer: Option B
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