Skip to content

CMA Final · Strategic Cost Management · Introduction to Tools for Data Analytics

A Pune retailer's daily sales (in units) for five days were 40, 44, 48, 52 and 66. What is the median of this data, and which statement about the mean is correct?

The median is 48, the middle value of the five sorted observations, and the mean is 250 divided by 5, which is 50. The mean exceeds the median because the unusually high value of 66 pulls the average upward.

  1. AMedian 48; mean 50, pulled above the median by the high value 66Correct
  2. BMedian 48; mean 46, pulled below the median
  3. CMedian 50; mean 48, equal to the median
  4. DMedian 52; mean 50, pulled above the median

Explanation

Sorted data is 40, 44, 48, 52, 66, so the middle (third) value is 48. The sum is 250, so the mean is 250/5 = 50. The outlier 66 pulls the mean above the median. Option with median 52 picks the wrong position.

Did you get it right without looking?

One question tells you little. A timed set on Introduction to Tools for Data Analytics shows your real accuracy, how long you take and where you lose marks.

Practise Introduction to Tools for Data AnalyticsFree diagnostic mock

More Introduction to Tools for Data Analytics questions