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.
| 201. |
Circular Test is one of the tests of |
| A. | index no’s |
| B. | hypothesis |
| C. | both |
| D. | none |
| Answer» B. hypothesis | |
| 202. |
The sample coefficient of correlation |
| A. | Has the same sign as the slope, i.e. β |
| B. | Can range from -1.00 up to 2.00 |
| C. | Is also called Peterson's r |
| D. | Can range from -3.00 up to 2.00 |
| Answer» B. Can range from -1.00 up to 2.00 | |
| 203. |
Let the coefficient of determination computed to be 0.39 in a problem involving one independent variable and one dependent variable. This result means that: |
| A. | The relationship between two variables is negative |
| B. | The correlation coefficient is 0.39 also |
| C. | 39% of the total variation is explained by the independent variable |
| D. | 39% of the total variation is explained by the dependent variable |
| Answer» D. 39% of the total variation is explained by the dependent variable | |
| 204. |
The sum of deviations of observations from their arithmetic mean: |
| A. | Maximum |
| B. | Least |
| C. | Zero |
| D. | None of these |
| Answer» D. None of these | |
| 205. |
Since the mode is the most frequently occurring data value, it |
| A. | can never be larger than the mean |
| B. | is always larger than the median |
| C. | is always larger than the mean |
| D. | None of the above |
| Answer» D. None of the above | |
| 206. |
A series of numerical figures which show the relative position is called |
| A. | index no. |
| B. | relative no. |
| C. | absolute no. |
| D. | none |
| Answer» B. relative no. | |
| 207. |
Find the mode of the Set = {1,3,3,6,9} |
| A. | 3 |
| B. | 6 |
| C. | 9 |
| D. | 1 |
| Answer» B. 6 | |
| 208. |
If Q3=20 and Q1=10, the coefficient of quartile deviation is: |
| A. | 3 |
| B. | 1/3 |
| C. | 2/3 |
| D. | 1 |
| Answer» C. 2/3 | |
| 209. |
Index nos. are often constructed from the |
| A. | Frequency |
| B. | Class |
| C. | Sample |
| D. | None |
| Answer» D. None | |
| 210. |
The data measurement which arises from a specific process of counting is classified as |
| A. | continuous data |
| B. | discrete data |
| C. | reliable data |
| D. | valid data |
| Answer» C. reliable data | |
| 211. |
For quality improvements, the philosophy which acts like a guide and provides solid foundation is classified as |
| A. | management philosophy |
| B. | statistical philosophy |
| C. | serial philosophy |
| D. | parallel philosophy |
| Answer» B. statistical philosophy | |
| 212. |
The collection of observations for all the variables related to some research or findings is classified as |
| A. | data |
| B. | population |
| C. | statistical process |
| D. | mesokurtic |
| Answer» B. population | |
| 213. |
The model which consists of management philosophy, behavioral tools and statistical methods as key steps towards improvement is considered as |
| A. | serial improvement process model |
| B. | behavioral improvement process model |
| C. | quality improvement process model |
| D. | statistics improvement process model |
| Answer» D. statistics improvement process model | |
| 214. |
In the response questionnaires, the questions which requires reflections from respondents side are called |
| A. | reflection questions |
| B. | responsive questions |
| C. | opinion questions |
| D. | reliability questions |
| Answer» D. reliability questions | |
| 215. |
The science and art which is used to present, analyze and interpret the collected observations is classified as |
| A. | serial analysis |
| B. | statistics |
| C. | management |
| D. | accounting |
| Answer» C. management | |
| 216. |
The measurement scale which allows the ranking of numbers rather than arithmetic operations on data is classified as |
| A. | valid scale |
| B. | discrete scale |
| C. | ordinal scale |
| D. | continuous scale |
| Answer» D. continuous scale | |
| 217. |
The variables whose measurement is done in terms such as weight, height and length are classified as |
| A. | continuous variables |
| B. | measuring variables |
| C. | flowchart variables |
| D. | discrete variables |
| Answer» B. measuring variables | |
| 218. |
To develop interval estimate of any parameter of population, the value which is added or subtracted from the point estimate is classified as |
| A. | margin of efficiency |
| B. | margin of consistency |
| C. | margin of biasedness |
| D. | margin of error |
| Answer» E. | |
| 219. |
The focus groups, individual respondents and panels of respondents are classified as |
| A. | pointed data sources |
| B. | itemized data sources |
| C. | secondary data sources |
| D. | primary data sources |
| Answer» E. | |
| 220. |
If the true value of population parameter is 10 and the estimated value of population parameter is 15 then the error of estimation is |
| A. | 5 |
| B. | 25 |
| C. | 0.667 |
| D. | 150 |
| Answer» B. 25 | |
| 221. |
The analysis of labor turnover rates, performance appraisal, training programs and planning of incentives are examples of role of |
| A. | statistics in personnel management |
| B. | statistics in finance |
| C. | statistics in marketing |
| D. | statistics in production |
| Answer» B. statistics in finance | |
| 222. |
The examples of variables in statistical phenomenon consists |
| A. | job satisfaction |
| B. | consumer behaviors |
| C. | leadership ability |
| D. | all of above |
| Answer» E. | |
| 223. |
If the point estimate is 8 and the margin of error is 5 then the confidence interval is |
| A. | 3 to 13 |
| B. | 4 to 14 |
| C. | 5 to 15 |
| D. | 6 to 16 |
| Answer» B. 4 to 14 | |
| 224. |
The scale which is used to determine the ratios equality is considered as |
| A. | satisfactory scale |
| B. | ratio scale |
| C. | goodness scale |
| D. | exponential scale |
| Answer» C. goodness scale | |
| 225. |
The numerical methods and graphical methods are specialized procedures used in |
| A. | social statistics |
| B. | business statistics |
| C. | descriptive statistics |
| D. | education statistics |
| Answer» D. education statistics | |
| 226. |
The branch of statistics which considers the ratio scale and interval scale is considered as |
| A. | parametric statistics |
| B. | non-parametric statistics |
| C. | distribution statistics |
| D. | sampling statistics |
| Answer» B. non-parametric statistics | |
| 227. |
In confidence interval estimation, the interval estimate is also classified as |
| A. | confidence efficient |
| B. | confidence deviation |
| C. | confidence mean |
| D. | marginal coefficient |
| Answer» B. confidence deviation | |
| 228. |
The distance between the true value of population parameter and estimated value of population parameter is called |
| A. | error of central limit |
| B. | error of confidence interval |
| C. | error of estimation |
| D. | error of hypothesis testing |
| Answer» D. error of hypothesis testing | |
| 229. |
Considering the sample statistic, if the sample statistic mean is not equal to population parameter then sample statistic is considered as |
| A. | unbiased estimator |
| B. | biased estimator |
| C. | interval estimator |
| D. | hypothesis estimator |
| Answer» C. interval estimator | |
| 230. |
The knowledge of possible errors, point estimate and the degree of confidence is classified as |
| A. | interval estimation |
| B. | confidence interval |
| C. | hypothesis testing |
| D. | both a and b |
| Answer» E. | |
| 231. |
The criteria of selecting the point estimator must include the information of |
| A. | consistency |
| B. | unbiasedness |
| C. | efficiency |
| D. | all of above |
| Answer» E. | |
| 232. |
The difference between value of parameter of population and value of unbiased estimator point is classified as |
| A. | sampling error |
| B. | marginal error |
| C. | confidence error |
| D. | population error |
| Answer» B. marginal error | |
| 233. |
The branches of statistics includes |
| A. | applied statistics |
| B. | mathematical statistics |
| C. | industry statistics |
| D. | both a and b |
| Answer» E. | |
| 234. |
The type of questions for questionnaire includes |
| A. | multiple choices |
| B. | open ended |
| C. | dichotomous |
| D. | all of above |
| Answer» E. | |
| 235. |
The type of questions included in questionnaire to record responses in which the respondent can answer in any way are classified as |
| A. | multiple choices |
| B. | itemized question |
| C. | open ended questions |
| D. | close ended questions |
| Answer» D. close ended questions | |
| 236. |
The use of statistics in analysis of sales territories, advertising strategies and routing of sales personnel are classified as uses of |
| A. | statistics in personnel management |
| B. | statistics in finance |
| C. | statistics in marketing |
| D. | statistics in production |
| Answer» D. statistics in production | |
| 237. |
One of the category of the statistical method is |
| A. | managerial statistics |
| B. | decision science |
| C. | inferential statistics |
| D. | industry statistics |
| Answer» D. industry statistics | |
| 238. |
The tools such decision making by nominal groups, brain storming and term buildings are all considered as |
| A. | serial tools |
| B. | behavioral tools |
| C. | statistical tools |
| D. | parallel tools |
| Answer» C. statistical tools | |
| 239. |
The use of statistics in analysis of time when to order and quantity required for the in sourcing or outsourcing of materials is an example of usage of |
| A. | statistics in marketing |
| B. | statistics in production |
| C. | statistics in personnel management |
| D. | statistics in finance |
| Answer» C. statistics in personnel management | |
| 240. |
The branch of statistics which deals with findings of solution in the field of medicine, education and economics is classified as |
| A. | economic statistics |
| B. | applied statistics |
| C. | mathematical statistics |
| D. | industry statistics |
| Answer» C. mathematical statistics | |
| 241. |
The structured undisguised questionnaire is the one in which the purpose of study is |
| A. | not disclosed to respondents |
| B. | disclosed to respondents |
| C. | interval respondents |
| D. | ratio respondents |
| Answer» C. interval respondents | |
| 242. |
The measurement scale which allows the determination of differences in intervals is classified as |
| A. | interval scale |
| B. | flow measuring scale |
| C. | validity scale |
| D. | reliability scale |
| Answer» B. flow measuring scale | |
| 243. |
The scale used in statistics which provides the difference of proportions as well as magnitude of differences is considered as |
| A. | satisfactory scale |
| B. | ratio scale |
| C. | goodness scale |
| D. | exponential scale |
| Answer» C. goodness scale | |
| 244. |
The scale which is used in determination of categorical information is called |
| A. | discrete scale |
| B. | continuous scale |
| C. | valid scale |
| D. | nominal scale |
| Answer» E. | |
| 245. |
The numerical or descriptive measure which is associated with variable to describe entire population of statistical phenomenon is classified as |
| A. | mixer |
| B. | sampler |
| C. | parameter |
| D. | process |
| Answer» D. process | |
| 246. |
The analysis based on study of price fluctuations, production of commodities and deposits in banks is classified as |
| A. | sample series analysis |
| B. | time series analysis |
| C. | numerical analysis |
| D. | experimental analysis |
| Answer» C. numerical analysis | |
| 247. |
The data measurement which arises from a specific measuring process is classified as |
| A. | reliable data |
| B. | valid data |
| C. | continuous data |
| D. | discrete data |
| Answer» E. | |
| 248. |
The collection of all the elements such as group of variables for research is classified as |
| A. | statistical process |
| B. | marginal error |
| C. | data |
| D. | population |
| Answer» E. | |
| 249. |
In confidence interval estimation, the confidence efficient is denoted by |
| A. | 1 + β |
| B. | 1 - β |
| C. | 1 - α |
| D. | 1 + α |
| Answer» D. 1 + α | |
| 250. |
If the critical value of normal standard variable is 0.95 and the standard error of specific statistic 3.5 then the margin of error is |
| A. | 2.325 |
| B. | 3.325 |
| C. | 4.325 |
| D. | 5.325 |
| Answer» C. 4.325 | |