Neco 2023 Data Processing Question 20

Practice objective / multiple choice question 20 from the 2023 Neco Data Processing examination.

Neco 2023 Data Processing Objective / Multiple Choice Medium Difficulty
Question 20 NECO • 2023 • DATA_PROCESSING • objective

A small business records daily sales (in thousand Naira) for 15 days as follows: 12, 15, 9, 13, 14, 11, 16, 10, 13, 12, 14, 15, 9, 11, 13. Compute the mean, median, mode, population standard deviation and coefficient of variation (as a percentage). A competitor has a mean of 13\,k and a standard deviation of 1.2\,k. State whether the business's sales are more variable than the competitor's.

Answer Options

A. Mean=13.2k; Median=13k; Mode=13k; StdDev≈1.9k; CV≈14.4%; Sales are less variable than competitor.
B. Mean=12.47k; Median=13k; Mode=12k; StdDev≈2.5k; CV≈20%; Sales are more variable than competitor.
C. Mean=12.47k; Median=12k; Mode=13k; StdDev≈2.09k; CV≈16.8%; Sales are less variable than competitor.
Correct Answer D. Mean=12.47k; Median=13k; Mode=13k; StdDev≈2.09k; CV≈16.8%; Sales are more variable than competitor.
Correct Answer
D
Correct Option:
Mean=12.47k; Median=13k; Mode=13k; StdDev≈2.09k; CV≈16.8%; Sales are more variable than competitor.

About This Question

This is Neco 2023 Data Processing Question 20. It is one of the objective questions from the 2023 Neco Data Processing examination.

Difficulty level: Medium .

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