Explore topic-wise MCQs in Business Statistics.

This section includes 65 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 curve of cumulative frequency is also known as

A. Ogive
B. A-give
C. C-give
D. B-give
Answer» B. A-give
2.

If the midpoints of bars on the charts are marked and marked dots are joined by a straight line then this graph is classified as

A. class interval polygon
B. paired polygon
C. marked polygon
D. frequency polygon
Answer» E.
3.

The first step in constructing the frequency distribution is to

A. select appropriate class intervals
B. determine class intervals
C. determine class limits
D. determine midpoints of classes
Answer» B. determine class intervals
4.

The third step in constructing the frequency distribution is to

A. select appropriate class intervals
B. determine class intervals
C. determine class limits
D. determine midpoints of classes
Answer» D. determine midpoints of classes
5.

In the graphical representation of data, the ideographs are also called as

A. picto-graph
B. pictograms
C. symmetry graph
D. asymmetry graphs
Answer» C. symmetry graph
6.

The data table which is presented in tabular form on the basis of single characteristics is classified as

A. simple table
B. complex table
C. percentage table
D. interval table
Answer» B. complex table
7.

The type of bar chart that is used to present deficit in loss, excess in exports and deficit in imports is classified as

A. ungrouped bar charts
B. grouped bar charts
C. deviation bar charts
D. dimension bar charts
Answer» D. dimension bar charts
8.

The exclusive method and inclusive method are ways of classifying data on basis of

A. manifold classes
B. rational intervals
C. class width
D. class intervals
Answer» E.
9.

The classification method in which upper and lower limits of interval is also in class interval itself is called

A. exclusive method
B. inclusive method
C. mid-point method
D. ratio method
Answer» C. mid-point method
10.

If each value of frequency distribution is divided by total number of recorded observations in distribution then the resultant value is called

A. interval frequency distribution
B. percentage frequency distribution
C. nominal frequency distribution
D. ordinal frequency distribution
Answer» C. nominal frequency distribution
11.

The data classification which is based on variables such as production, cost, height and weight is considered as

A. qualitative classification
B. quantitative classification
C. open end classification
D. time series classification
Answer» C. open end classification
12.

The type of classification in which class is subdivided into subclasses and subclasses are divided into more classes is considered as

A. simple classification
B. manifold classification
C. rational classification
D. reflected classification
Answer» C. rational classification
13.

The classification of data on the geographical basis is also called

A. reflected classification
B. populated classification
C. sampling classification
D. spatial classification
Answer» E.
14.

The class frequency is divided by number of observations in the frequency distribution to convert it into

A. relative margin distribution
B. relative variable distribution
C. relative frequency distribution
D. relative width distribution
Answer» D. relative width distribution
15.

The graphs which represents data on maps are considered as

A. cartograms
B. picto-graph
C. pictograms
D. symmetry graph
Answer» B. picto-graph
16.

The classification on the basis of time order is called as

A. disclosed classification
B. chronological classification
C. external classification
D. internal classification
Answer» C. external classification
17.

The table in which the data represented is extracted from some other data table is classified as

A. classification tables
B. cumulative tables
C. derived table
D. dispersion tables
Answer» D. dispersion tables
18.

The type of cumulative frequency distribution in which the class intervals are added in top to bottom order is classified as

A. variation distribution
B. less than type distribution
C. more than type distribution
D. marginal distribution
Answer» C. more than type distribution
19.

The cumulative frequency distribution which is 'greater than' type is correspondent to

A. upper limit of range
B. lower limit of range
C. upper limit of class intervals
D. lower limit of class intervals
Answer» E.
20.

The type of classification in which class is subdivided into subclasses and one attribute is assigned for statistical study is considered as

A. rational classification
B. reflected classification
C. simple classification
D. manifold classification
Answer» D. manifold classification
21.

The stem and leaf displaying technique is used to present data in

A. descriptive data analysis
B. exploratory data analysis
C. nominal data analysis
D. ordinal data analysis
Answer» C. nominal data analysis
22.

The second step in constructing the frequency distribution is to

A. determine class limits
B. determine midpoints of classes
C. select appropriate class intervals
D. determine width of class intervals
Answer» E.
23.

The type of graphical charts that allows user to make direct comparisons between various data sets are called

A. multiple bar charts
B. single bar charts
C. paired charts
D. non paired data charts
Answer» B. single bar charts
24.

The types of histograms includes

A. deviation bar charts
B. paired bar charts
C. grouped charts
D. all of above
Answer» E.
25.

The frequencies of all the specific values of x and y variables with total calculated frequencies are classified as

A. variate frequencies
B. unconditional frequencies
C. conditional frequencies
D. marginal frequencies
Answer» E.
26.

The three dimensional diagrams are named as so because they considers both

A. length and breadth
B. breadth and depth
C. depth, length and breadth
D. depth and length
Answer» D. depth and length
27.

The diagrams used to represent grouped and ungrouped data is classified as

A. breadth diagrams
B. bar diagrams
C. width diagrams
D. length diagrams
Answer» C. width diagrams
28.

The 'less than type' cumulative frequency distribution is considered as correspondent to

A. upper limit of class intervals
B. lower limit of class intervals
C. upper limit of range
D. lower limit of range
Answer» B. lower limit of class intervals
29.

The halfway point between the lower class limits and upper class limits is classified as

A. nominal mid-point
B. class mid-point
C. interval mid-point
D. ordinal mid-point
Answer» C. interval mid-point
30.

The simple classification and manifold classification are types of

A. qualitative classification
B. quantitative classification
C. open end classification
D. time series classification
Answer» B. quantitative classification
31.

The 'less than type distribution' and 'more than type distribution' are types of

A. class distribution
B. cumulative class distribution
C. cumulative frequency distribution
D. upper limit distribution
Answer» D. upper limit distribution
32.

The largest numerical value is 45 and smallest numerical value is 25 and the classes desired are 4 then width of class interval is

A. 45
B. 65
C. 5
D. 17.5
Answer» D. 17.5
33.

The complex type of table in which the variables to be studied are subdivided with interrelated characteristics is called as

A. two way table
B. one way table
C. subparts of table
D. order level table
Answer» B. one way table
34.

The distribution which requires inclusion of open ended classes is considered as

A. inclusive distribution
B. midpoint distribution
C. close ended distribution
D. open ended distribution
Answer» E.
35.

The data based on workers salary is as 2500, 2700, 2600, 2800, 2200, 2100, 2000, 2900, 3000, 2800, 2200, 2500, 2700, 2800, 2600 and number of classes desired is 10 then width of class interval is

A. 400
B. 300
C. 100
D. 200
Answer» D. 200
36.

The frequency distribution which is result of cross classification is called

A. bivariate frequency distribution
B. univariate frequency distribution
C. multi-variables distribution
D. close ended distribution
Answer» B. univariate frequency distribution
37.

The area diagrams and surface diagrams are other names of

A. single dimension diagrams
B. two dimensional diagrams
C. three dimensional diagrams
D. four dimension diagrams
Answer» C. three dimensional diagrams
38.

The largest numerical value is 85 and smallest numerical value is 65 and the classes desired are 8 then width of class interval is

A. 18.75
B. 14.75
C. 13.75
D. 2.5
Answer» E.
39.

The summary and presentation of data in tabular form with several non-overlapping classes is referred as

A. nominal distribution
B. ordinal distribution
C. chronological distribution
D. frequency distribution
Answer» E.
40.

The set of raw data arranged in ascending or descending order is called

A. ordered array
B. nominal array
C. ordinal array
D. interval array
Answer» B. nominal array
41.

The smallest numerical value is subtracted from largest numerical value and then divided to number of class desired to calculate

A. simple class interval
B. width of class interval
C. number of classes
D. manifold class intervals
Answer» C. number of classes
42.

The term used to describe frequency curve is

A. symmetrical distribution
B. symmetry and kurtosis
C. kurtosis of distribution
D. relative frequency curve
Answer» C. kurtosis of distribution
43.

The largest value is 60 and the smallest value is 40 and the number of classes desired is 5 then the class interval is

A. 20
B. 4
C. 25
D. 15
Answer» C. 25
44.

The histograms, pie charts and frequency polygons are all types of

A. one dimension diagrams
B. two dimension diagrams
C. cumulative diagrams
D. dispersion diagrams
Answer» B. two dimension diagrams
45.

The class interval classification method which ensures the data continuity is classified as

A. midpoint method
B. ratio method
C. exclusive method
D. inclusive method
Answer» D. inclusive method
46.

The record of daily shipment is 34, 35, 41, 30, 55, 45, 30, 34, 32, 52, 42, 40, 60, 36, 38, 48, 56, 53, 34, 33, 32, 41, 55, 59, 34, 51, 54, 53, 36, then the range of values to calculate class interval is

A. 90
B. 30
C. 2
D. 1800
Answer» C. 2
47.

The process of arranging data on the basis of certain properties in classes or groups is classified as

A. classification of data
B. reflection of data
C. sample of population
D. sample observations
Answer» B. reflection of data
48.

The graphical diagram in which total number of observations are represented in percentages rather than absolute values is classified as

A. asymmetrical diagram
B. ungrouped diagram
C. grouped diagram
D. pie diagram
Answer» E.
49.

The sub-divided bar charts are considered best to be used if the information is presented in

A. negative values
B. ratios or percentages
C. mean deviations
D. positive values
Answer» C. mean deviations
50.

The general tables of data used to show data in orderly manner is called as

A. single characteristics tables
B. repository tables
C. manifold tables
D. double characteristic table
Answer» C. manifold tables