Let be the average marks of three disjoint groups of students, with sizes respectively. A student computes and claims it is the overall average. Consider the following statements:
Statement I: If , then is exactly the overall average.
Statement II: If and , then the true overall average is strictly less than .
Statement III: The true overall average always lies in the closed interval .
Which of the following is correct?
C
Step-by-Step Solution
Key idea: This question tests the average of averages fallacy and requires estimating the bounds of the true weighted average based on group sizes.
Step 1: Evaluate Statement I. If , the overall average is . Statement I is TRUE.
Step 2: Evaluate Statement II. We are given and . The larger groups have the larger averages. The true overall average is a weighted average where the weights pull the result towards . Thus, the true average will be strictly GREATER than the simple average . Statement II is FALSE.
Step 3: Evaluate Statement III. The true overall average is a convex combination of with positive weights summing to 1. Any convex combination of a set of numbers must lie within the minimum and maximum of those numbers. Statement III is TRUE.
Conclusion: Statements I and III are correct.
Answer: C