24
A company engaged in the manufacture of talcum powder of various varieties has found a new perfume for the talcum
powder. It wants to bring out the new perfumed powder to the market in only one size. It has data on sales of various sizes of
its existing product. Based on which measure of central tendency would the company decide on the size of the new product
to be marketed?
EXPLANATION
Applied Statistical Methods
- Choice of Central Tendency for Product Sizing:
- To market a manufactured consumer good (such as talcum powder, footwear, or ready-made garments) in a single size, the manufacturer aims to satisfy the maximum number of consumers.
- The Mode represents the value that occurs with greatest frequency in the distribution (the most popular and widely purchased size).
- Therefore, marketing decisions on product sizes are based on the Mode.
- Conclusion: Mode (Option 3).
Correct option: (3) Mode
Explanation not matching this question?
क्या व्याख्या इस प्रश्न से मेल नहीं खा रही?
Report
Want to practice this paper in exam conditions?
क्या आप परीक्षा जैसे माहौल में अभ्यास करना चाहते हैं?
Test yourself in 5-question batch format with timer and hidden answers.
5-प्रश्नों के बैच फॉर्मैट, टाइमर और छिपे उत्तरों के साथ खुद को परखें।
Start Practice Mode →
प्रैक्टिस टेस्ट मोड शुरू करें →