The weighted arithmetic mean is calculated as:
\( \text{Mean} = \frac{\sum (\text{value}) \times (\text{weight})}{\sum \text{weights}} \)
For (B) with weights \( 1, 1, 3 \):
\(\text{Mean} = \frac{10(1) + 20(1) + 30(3)}{1 + 1 + 3} = \frac{10 + 20 + 90}{5} = 24\)
Thus, the correct answer is (b).
List-I(Statistical Concepts) | List-II(Description) | ||
---|---|---|---|
A | Power of a test | I | 1- probability of making type II error |
B | Multicollinearity | II | Where the sample mean differs from the population mean |
C | Biased estimator | III | Correlation between explanatory variables in a regres sion |
D | White noise error | IV | Errors with zero mean and constant standard deviation |
List-I(Economic Concepts) | List-II(Description) | ||
---|---|---|---|
A | Kuznets Curve | I | Describes the relationship be tween currency depreciation and current account balance |
B | Fisher Effect | II | Describes the relationship between autonomous investment and output |
C | J Curve Effect | III | Describes the relationship between income and inequality |
D | Multiplier Effect | IV | Describes the relationship between expected inflation rate and interest rate |