MCQOPTIONS
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MCQOPTIONS
This section includes 294 Mcqs, each offering curated multiple-choice questions to sharpen your Business Statistics knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The of group indices given the General Index |
| A. | H.M. |
| B. | G.M. |
| C. | A.M |
| D. | none |
| Answer» D. none | |
| 2. |
Fishers price index number is the ------- |
| A. | A.M. of Lasperys and Paasches. |
| B. | G.M. of Lasperys and Paasches. |
| C. | Difference between Lasperys and Paasches |
| D. | None of the above. |
| Answer» C. Difference between Lasperys and Paasches | |
| 3. |
What is the modal value for the numbers 4, 3, 8, 15, 4, 3, 6, 3, 15, 3, 4. |
| A. | 3 |
| B. | 4 |
| C. | 6 |
| D. | 15 |
| Answer» B. 4 | |
| 4. |
___is particularly suitable for the construction of index nos. |
| A. | H.M |
| B. | A.M. |
| C. | G.M |
| D. | None |
| Answer» D. None | |
| 5. |
Relative Method is further divided into how many types? |
| A. | One |
| B. | two |
| C. | None of the above |
| D. | All of the Above. |
| Answer» C. None of the above | |
| 6. |
When the price of a divided by the price of the preceding year, we, get: |
| A. | Value index |
| B. | Link relative |
| C. | Simple relative |
| D. | None of them |
| Answer» C. Simple relative | |
| 7. |
Seasonal variations are short term variations with period |
| A. | less than 6 months |
| B. | less than 5 years |
| C. | less than 1 year |
| D. | more than 10 years |
| Answer» D. more than 10 years | |
| 8. |
The regression coefficient of X on Y is: |
| A. | bXY |
| B. | bYX |
| C. | Not Specified |
| D. | none |
| Answer» B. bYX | |
| 9. |
If the values of mean, median and mode coincide in a unimodal distribution, then the distribution will be: |
| A. | Positively Skewed |
| B. | Symmetrical |
| C. | Negatively Skewed |
| D. | None of these |
| Answer» C. Negatively Skewed | |
| 10. |
What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices: |
| A. | Whole sale price index |
| B. | Consumer's price |
| C. | Quantity |
| D. | None of them |
| Answer» C. Quantity | |
| 11. |
In a moderately asymmetrical distribution, the mode and mean are 32.1 and 35.4 respectively. Calculate the median. |
| A. | 35 |
| B. | 34.3 |
| C. | 36 |
| D. | 37 |
| Answer» C. 36 | |
| 12. |
The rank correlation coefficient was discovered by.................................... |
| A. | Fisher |
| B. | Spearman |
| C. | Karl Pearson |
| D. | Bowley |
| Answer» C. Karl Pearson | |
| 13. |
In a moderately asymmetrical distribution, the value of mean is 75 and the value of mode is 60: |
| A. | 75 |
| B. | 70 |
| C. | 85 |
| D. | 80 |
| Answer» C. 85 | |
| 14. |
The component of time series useful for long term forecasting is |
| A. | Secular trend |
| B. | Seasonal variation |
| C. | Cyclical variation |
| D. | Irregular variation |
| Answer» B. Seasonal variation | |
| 15. |
If the mode is 14 and value of mean is 5 then the value of medianis |
| A. | 12 |
| B. | 18 |
| C. | 8 |
| D. | 14 |
| Answer» D. 14 | |
| 16. |
The following numbers represent the ages of people on a bus: 3,6, 27, 13, 6, 8, 12, 20, 5, 10. Calculate their mean of their ages. |
| A. | 11 |
| B. | 6 |
| C. | 9 |
| D. | 110 |
| Answer» B. 6 | |
| 17. |
Asimpleindexnumberis anumberthatmeasures arelativechangein ? |
| A. | group of variable with respect to a base |
| B. | single variable with respect to a base |
| C. | Both A &B |
| D. | None of theabove |
| Answer» C. Both A &B | |
| 18. |
The percent of total variation of the dependent variable Y explained by the set of independent variables X is measured by: |
| A. | Coefficient of Correlation |
| B. | Coefficient of Skewness |
| C. | Coefficient of Determination |
| D. | Standard error |
| Answer» D. Standard error | |
| 19. |
If the regression line is Y on X, then the variable X is known as.......................... |
| A. | Independent variable |
| B. | Explanatory variable |
| C. | Regressor |
| D. | All the above |
| Answer» E. | |
| 20. |
If bxy and byx are two regression coefficients, they have: |
| A. | Same signs |
| B. | Opposite signs |
| C. | Either a or b |
| D. | None of the above. |
| Answer» B. Opposite signs | |
| 21. |
The suitable average for qualitative data is |
| A. | mean |
| B. | median |
| C. | mode |
| D. | Geometric mean |
| Answer» C. mode | |
| 22. |
If the growth rate is constant, the trend is – |
| A. | linear |
| B. | non linear |
| C. | curvy |
| D. | wavy |
| Answer» B. non linear | |
| 23. |
The marks obtained by 9 students in a test are 25, 20, 15, 45, 18, 7, 10, 38 and 12. Find themedian. |
| A. | 38 |
| B. | 20 |
| C. | 18 |
| D. | 15 |
| Answer» D. 15 | |
| 24. |
If the maximum value in a series is 25 and its range is 15, the maximum value of the seriesis: |
| A. | 10 |
| B. | 15 |
| C. | 25 |
| D. | 35 |
| Answer» B. 15 | |
| 25. |
A coefficient of correlation is computed to be -0.95 means that |
| A. | The relationship between two variables is weak. |
| B. | The relationship between two variables is strong and positive |
| C. | The relationship between two variables is strong and but negative |
| D. | Correlation coefficient cannot have this value |
| Answer» D. Correlation coefficient cannot have this value | |
| 26. |
In the regression equation Y = a+bX, the Y is called: |
| A. | Independent variable |
| B. | Dependent variable |
| C. | Continuous variable |
| D. | None of the above |
| Answer» C. Continuous variable | |
| 27. |
play a very important part in the construction of index nos |
| A. | weights |
| B. | classes |
| C. | estimations |
| D. | none |
| Answer» B. classes | |
| 28. |
The sample mean is a |
| A. | Parameter |
| B. | statistics |
| C. | variable |
| D. | constant |
| Answer» C. variable | |
| 29. |
The mean of 10 observations is 10. All the observations are increased by 10%. The mean of increased observations will be: |
| A. | 10 |
| B. | 1.1 |
| C. | 11 |
| D. | 10.1 |
| Answer» D. 10.1 | |
| 30. |
What is the median of the data 78, 56, 22, 34, 45, 54, 39, 68, 54, 84? |
| A. | 54 |
| B. | 53 |
| C. | 55 |
| D. | 51 |
| Answer» B. 53 | |
| 31. |
Given Mean = 70.2 and mode = 70.5. Find the median using empirical relationship amongthem. |
| A. | 120 |
| B. | 150 |
| C. | 180 |
| D. | 300 |
| Answer» C. 180 | |
| 32. |
The suitable average for averaging the shoe sizes for children is: |
| A. | Mean |
| B. | Median |
| C. | Mode |
| D. | Geometric mean |
| Answer» D. Geometric mean | |
| 33. |
Which of the following is a unit free measure of dispersion: |
| A. | Range |
| B. | Standard deviation |
| C. | Interquartile range |
| D. | Coefficient of range |
| Answer» E. | |
| 34. |
The average to be used to determine the average size of the shoe sold in a shop is: |
| A. | Mean |
| B. | Median |
| C. | Mode |
| D. | None of these |
| Answer» D. None of these | |
| 35. |
Find the Mode of 5, 3, 27, 5, 9, 3, 8, 5: |
| A. | 5 |
| B. | 27 |
| C. | 9 |
| D. | 3 |
| Answer» B. 27 | |
| 36. |
The measurements of spread or scatter of the individual values around the central point is called: |
| A. | Measures of dispersion |
| B. | Measures of central tendency |
| C. | Measures of skewness |
| D. | Measures of kurtosis |
| Answer» B. Measures of central tendency | |
| 37. |
If there are many extreme scores on all examination, the dispersion is: |
| A. | Large |
| B. | Small |
| C. | Normal |
| D. | Symmetric |
| Answer» B. Small | |
| 38. |
Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to: |
| A. | 110 |
| B. | 108 |
| C. | 100 |
| D. | 109 |
| Answer» E. | |
| 39. |
If there is a very strong correlation between two variables then the correlation coefficient must be: |
| A. | any value larger than 1 |
| B. | much smaller than 0, if the correlation is negative |
| C. | much larger than 0, regardless of whether the correlation is negative or positive |
| D. | None of these alternatives is correct |
| Answer» C. much larger than 0, regardless of whether the correlation is negative or positive | |
| 40. |
If r = ± 1, the two regression lines are............................... |
| A. | Coincident |
| B. | Parallel |
| C. | Perpendicular to each other |
| D. | None of these |
| Answer» B. Parallel | |
| 41. |
If all the scores on examination cluster around the mean, the dispersion is said to be: |
| A. | Small |
| B. | Large |
| C. | Normal |
| D. | Symmetrical |
| Answer» B. Large | |
| 42. |
One use of a regression line is |
| A. | to determine if any x-values are outliers. |
| B. | to determine if any y-values are outliers. |
| C. | to determine if a change in x causes a change in y. |
| D. | to estimate the change in y for a one-unit change in x. |
| Answer» E. | |
| 43. |
In a five number summary, which of the following is not used for data summarization? |
| A. | the smallest value |
| B. | the largest value |
| C. | the median |
| D. | the 25th percentile |
| Answer» E. | |
| 44. |
The trend line Y=a+bX obtained by the least Squares method is known as the line of |
| A. | best fit |
| B. | fit best |
| C. | best neutral |
| D. | nonlinear fit |
| Answer» B. fit best | |
| 45. |
The sum of squared deviations is minimum when taken from: |
| A. | Mean |
| B. | Median |
| C. | Mode |
| D. | None of these |
| Answer» B. Median | |
| 46. |
In order to compare two series we can use |
| A. | Coefficient of Variation |
| B. | Standard deviation |
| C. | Coefficient of Skewness |
| D. | Coefficient of kurtosis |
| Answer» B. Standard deviation | |
| 47. |
The variate values which divide a series into ten equal parts are called: |
| A. | Quartiles |
| B. | Deciles |
| C. | Percentiles |
| D. | None of these |
| Answer» C. Percentiles | |
| 48. |
If the arithmetic mean is multiplied to coefficient of variation then the resulting value isclassified as |
| A. | coefficient of deviation |
| B. | coefficient of mean |
| C. | standard deviation |
| D. | variance |
| Answer» C. standard deviation | |
| 49. |
What is the median of 33, 86, 68, 32, 80, 48, 70? |
| A. | 32 |
| B. | 68 |
| C. | 80 |
| D. | 86 |
| Answer» C. 80 | |
| 50. |
The percent of total variation of the dependent variable Y explained by the set of independent variables X is measured by |
| A. | Coefficient of Correlation |
| B. | Coefficient of Skewness |
| C. | Coefficient of Determination |
| D. | Standard Error or Estimate |
| Answer» D. Standard Error or Estimate | |