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C207 Study Guide 2: Statistics as a Managerial Tool Question and answers verified to pass 2025/2026

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C207 Study Guide 2: Statistics as a Managerial Tool Question and answers verified to pass 2025/2026 Median Interquartile range (IQR) Mode - correct answer Which statistics are unaffected by a single large outlier? (More than one) Median - correct answer Which of the following is most suitable for policy making based on income distribution? 110 - correct answer If we study data from a population whose mean is 200 and standard deviation is 30, which of the following data points has a z-score of -3? Variance - correct answer Which of the following statistics measures the spread of the dataset away from mean?

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C207 Study Guide 2: Statistics as a
Managerial Tool Question and answers
verified to pass 2025/2026
Median



Interquartile range (IQR)



Mode - correct answer ✔Which statistics are unaffected by a single large outlier? (More than one)



Median - correct answer ✔Which of the following is most suitable for policy making based on income
distribution?



110 - correct answer ✔If we study data from a population whose mean is 200 and standard deviation is
30, which of the following data points has a z-score of -3?



Variance - correct answer ✔Which of the following statistics measures the spread of the dataset away
from mean?



Interquartile Range (IQR)



Range



Variance - correct answer ✔Which of the following are measures of spread or variability of a dataset?
(More than one)

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