Question

MCQ of Pharma
1. The fundamental statistical indicators are:
a Mean, Standard deviation.
b) Median
c) Variance.
d) None of these.​

Answer 1

Answer: I guess it is variance

Answer 2

Answer:

The fundamental statistical indicators are a) Mean, Standard deviation.

Explanation:

• Statistics refers to the scientific activity that deals with the theories and methods of collection, analysis and interpretation of data.

• While performing statistical data analysis on a set of data collected, statistical indicators such as mean, median, mode, and standard deviation all are helpful to calculate.

• The mean (also called average), median and mode help estimate where the middle of a set of collected data is.

• While standard deviation gives an idea of how close the entire set of data is to the 'mean' value that means it represents the average distance between the mean value and the actual data.

• All these values are useful in creating groups or analyzing larger sets of data.

Hence option a) Mean, Standard deviation is correct.