Question

A) If mean of a series is 30 and mode is 25. Find Median.

B) Which value is compromised with the rising wholesale price index?

Answer 1

A) Mode = 3 Median - 2 Mean

25 = 3 Median - $(2\times 30)$

25 = 3 Median - 60

3 Median = 85 or Median = $\frac{85}{3}=28.33$

B) The value of non equitable treatment to the poor section of the society is compromised here. The rise in wholesale price index hurts more the poor and lower middle class as they have meagre resources to run their life. Rise in prices of essential commodities will lead to sufferings for them.