Question on: SS1 Economics - Types Of Central Tendency, Merits And Demerits And Simple Application:

 Which of the following is a merit of the median?

 

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A

It is affected by outliers or extreme values in the dataset.

 

B

It can be used with both quantitative and qualitative data.

 

C

It may not represent the true centre of the data if there are only a few data points in the dataset.

 

D

It can be difficult to calculate for datasets with a large number of values.

 

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Correct Option: B

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