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.
| 251. |
The method in which the sample statistic is used to estimate the value of parameters of population is classified as |
| A. | estimation |
| B. | valuation |
| C. | probability calculation |
| D. | limited theorem estimation |
| Answer» B. valuation | |
| 252. |
The statistical method which facilitate the decision making process for population sample results is classified as |
| A. | decisional procedure |
| B. | inferential statistics |
| C. | elementary statistics |
| D. | social methodology |
| Answer» C. elementary statistics | |
| 253. |
If the sample size is greater than or equal to 30 then the sample standard deviation can be approximated to population standard deviation for the |
| A. | known standard deviation |
| B. | unknown standard deviation |
| C. | standard interval deviation |
| D. | population interval theorem |
| Answer» C. standard interval deviation | |
| 254. |
All the individual elements of sample are considered as |
| A. | experimental units |
| B. | population units |
| C. | statistical units |
| D. | process units |
| Answer» B. population units | |
| 255. |
The analytical study of breakeven point and decisions related to investments in uncertain conditions is an example of |
| A. | statistics in personnel management |
| B. | statistics in finance |
| C. | statistics in marketing |
| D. | statistics in production |
| Answer» C. statistics in marketing | |
| 256. |
The procedures of descriptive statistics and control charts which are used to improve the process are classified as |
| A. | statistical tools |
| B. | parallel tools |
| C. | serial tools |
| D. | behavioral tools |
| Answer» B. parallel tools | |
| 257. |
The value of any sample statistic which is used to estimate the parameters of population is classified as |
| A. | point estimate |
| B. | population estimate |
| C. | sample estimate |
| D. | parameter estimate |
| Answer» B. population estimate | |
| 258. |
The subset of selected population is called |
| A. | descriptive portion |
| B. | elementary portion |
| C. | inferential portion |
| D. | sample |
| Answer» E. | |
| 259. |
The characterization, collection and presentation of particular set of data in organized way is classified as |
| A. | descriptive statistics |
| B. | education statistics |
| C. | social statistics |
| D. | business statistics |
| Answer» B. education statistics | |
| 260. |
According to the types of questionnaires, the structured undisguised questionnaire is the one in which the purpose of study is |
| A. | non-interval respondents |
| B. | disclosed to respondents |
| C. | not disclosed to respondents |
| D. | none of above |
| Answer» D. none of above | |
| 261. |
The measurement of how well the particular concept and technique measures the variables is classified as |
| A. | reliability |
| B. | validity |
| C. | continuity of variables |
| D. | goodness of variables |
| Answer» B. validity | |
| 262. |
The technique used to analyze unemployment rate, inflation rate anticipation and capacity utilization to manufacture goods is classified as |
| A. | data supplying technique |
| B. | forecasting technique |
| C. | data importing technique |
| D. | data exporting technique |
| Answer» C. data importing technique | |
| 263. |
The measurement scale in which the values are categorized to represent qualitative differences and ranked in meaningful manner is classified as |
| A. | valid scale |
| B. | discrete scale |
| C. | ordinal scale |
| D. | continuous scale |
| Answer» D. continuous scale | |
| 264. |
The measure of how well is a technique, concept or process is considered as |
| A. | continuity of variables |
| B. | goodness of variables |
| C. | validity |
| D. | reliability |
| Answer» D. reliability | |
| 265. |
In confidence interval estimation, the formula of calculating confidence interval is |
| A. | point estimate * margin of error |
| B. | point estimate ± margin of error |
| C. | point estimate - margin of error |
| D. | point estimate + margin of error |
| Answer» C. point estimate - margin of error | |
| 266. |
The reports published by International Labor Organization and International Monetary Fund are considered as |
| A. | external primary data sources |
| B. | internal primary data sources |
| C. | external secondary data sources |
| D. | internal secondary data sources |
| Answer» D. internal secondary data sources | |
| 267. |
The measurement scale which allows the researchers and statisticians to perform certain operations on the data collected from respondents is classified as |
| A. | interval scale |
| B. | flow measuring scale |
| C. | validity scale |
| D. | reliability scale |
| Answer» B. flow measuring scale | |
| 268. |
The types of structured questions does not include |
| A. | nominal questions |
| B. | interval questions |
| C. | ratio questions |
| D. | non-disguised questions |
| Answer» E. | |
| 269. |
The reports on quality control, production and financial accounts issued by the companies are considered as |
| A. | external secondary data sources |
| B. | internal secondary data sources |
| C. | external primary data sources |
| D. | internal primary data sources |
| Answer» C. external primary data sources | |
| 270. |
In every phenomenon, the process of thought that focus on identifying, controlling and reduction of variations in data is classified as |
| A. | parallel thinking |
| B. | serial thinking |
| C. | statistical thinking |
| D. | managerial thinking |
| Answer» D. managerial thinking | |
| 271. |
The time frame to complete a transaction in bank is classified as |
| A. | parameters |
| B. | process |
| C. | mixer |
| D. | sampler |
| Answer» C. mixer | |
| 272. |
The branch of statistics in which the data is collected according to ordinal scale or nominal scale is classified as |
| A. | distribution statistics |
| B. | sampling statistics |
| C. | parametric statistics |
| D. | non-parametric statistics |
| Answer» E. | |
| 273. |
The type of rating scale which represents response of respondents by marking at appropriate point is classified as |
| A. | graphic rating scale |
| B. | responsive scale |
| C. | pointed scale |
| D. | marking scale |
| Answer» B. responsive scale | |
| 274. |
The scale which categorize the events in collectively exhaustive manner and mutually exclusive manner is classified as |
| A. | discrete scale |
| B. | continuous scale |
| C. | valid scale |
| D. | nominal scale |
| Answer» E. | |
| 275. |
Considering the sample size, the sampling distribution standard error decreases when the |
| A. | size of sample increases |
| B. | size of sample decreases |
| C. | margin of error increases |
| D. | margin of error decreases |
| Answer» B. size of sample decreases | |
| 276. |
The government and non-government publications are considered as |
| A. | external secondary data sources |
| B. | internal secondary data sources |
| C. | external primary data sources |
| D. | internal primary data sources |
| Answer» B. internal secondary data sources | |
| 277. |
The type of rating scale which allows respondents to choose most relevant option out of other stated options is classified as |
| A. | marking rating scale |
| B. | graphical rating scale |
| C. | itemized rating scale |
| D. | pointed rating scale |
| Answer» D. pointed rating scale | |
| 278. |
The data which is generated within the company such as routine business activities is classified as |
| A. | external primary data sources |
| B. | internal primary data sources |
| C. | external secondary data sources |
| D. | internal secondary data sources |
| Answer» E. | |
| 279. |
The branch of statistics which deals with development of particular statistical methods is classified as |
| A. | industry statistics |
| B. | economic statistics |
| C. | applied statistics |
| D. | mathematical statistics |
| Answer» E. | |
| 280. |
The type of variable which can take fixed integer values is classified as |
| A. | flowchart variable |
| B. | discrete variable |
| C. | continuous variable |
| D. | measuring variables |
| Answer» C. continuous variable | |
| 281. |
The type of variable which can take any numerical figure for calculation is classified as |
| A. | continuous variable |
| B. | measuring variable |
| C. | flowchart variable |
| D. | discrete variable |
| Answer» B. measuring variable | |
| 282. |
The question which have different answers for its subparts is considered as |
| A. | double barreled questions |
| B. | single barreled questions |
| C. | multiple barreled questions |
| D. | dichotomous questions |
| Answer» B. single barreled questions | |
| 283. |
The analytical study of relationship between output commodity and its price is classified as |
| A. | demand analysis |
| B. | supply analysis |
| C. | imports analysis |
| D. | export analysis |
| Answer» B. supply analysis | |
| 284. |
The process of converting inputs into outputs in the presence of repeatedly same conditions is classified as |
| A. | sampler |
| B. | parameters |
| C. | process |
| D. | mixer |
| Answer» D. mixer | |
| 285. |
The characteristics that are intended to be analyzed and investigated for a given population are classified as |
| A. | exponents |
| B. | constants |
| C. | variables |
| D. | exponential base |
| Answer» D. exponential base | |
| 286. |
The group of observations for which better understanding is needed and the group is related to specific phenomenon is classified as |
| A. | population |
| B. | population statistic |
| C. | phenomenon statistic |
| D. | parameter statistic |
| Answer» B. population statistic | |
| 287. |
The number of employees according to human resource manager is an example of |
| A. | flowchart variable |
| B. | discrete variable |
| C. | continuous variable |
| D. | measuring variable |
| Answer» C. continuous variable | |
| 288. |
The type of questions included in questionnaire to record responses in which the respondents have set of alternatives are classified as |
| A. | open ended questions |
| B. | close ended questions |
| C. | multiple choices |
| D. | itemized question |
| Answer» C. multiple choices | |
| 289. |
The uses of index numbers includes |
| A. | commodity prices |
| B. | cost of living |
| C. | exports and imports |
| D. | all of above |
| Answer» E. | |
| 290. |
The range or set of values which have chances to contain value of population parameter with particular confidence level is considered as |
| A. | secondary interval estimation |
| B. | confidence interval estimate |
| C. | population interval estimate |
| D. | sample interval estimate |
| Answer» C. population interval estimate | |
| 291. |
For a parameter whose value is unknown, the belief or claim for that parameter is classified as |
| A. | parameter claim testing |
| B. | expected belief testing |
| C. | hypothesis testing |
| D. | primary limit testing |
| Answer» D. primary limit testing | |
| 292. |
The upper and lower boundaries of interval of confidence are classified as |
| A. | error biased limits |
| B. | marginal limits |
| C. | estimate limits |
| D. | confidence limits |
| Answer» E. | |
| 293. |
Considering the sample statistic, if the mean of sampling distribution is equal to population mean then the sample statistic is classified as |
| A. | unbiased estimator |
| B. | biased estimator |
| C. | interval estimator |
| D. | hypothesis estimator |
| Answer» B. biased estimator | |
| 294. |
If the standard deviation of population 1 is 3 with sample size is 8 and the population 2 standard deviation is 5 with sample size is 7 then the standard deviation of sampling distribution is |
| A. | 4.044 |
| B. | 3.044 |
| C. | 1.044 |
| D. | 2.044 |
| Answer» D. 2.044 | |