Explore topic-wise MCQs in Business Statistics.

This section includes 58 Mcqs, each offering curated multiple-choice questions to sharpen your Business Statistics knowledge and support exam preparation. Choose a topic below to get started.

51.

In statistical procedures, the skewness is used to measure the

A. amount of variance
B. amount of upper tail values
C. amount of dispersion
D. direction of dispersion
Answer» D. direction of dispersion
Discussion
52.

The first deciles of data is 8, ninth deciles is 12 and fifth deciles is 6 then the coefficient of skewness is

A. ±2
B. ±1
C. ±3
D. ±4
Answer» B. ±1
Discussion
53.

In kurtosis, the frequency curve which looks more peaked than normal curve of bell shaped distribution is classified as

A. mega curve
B. mesokurtic
C. leptokurtic
D. platykurtic
Answer» D. platykurtic
Discussion
54.

If for a distribution the difference of first quartile and median is greater than difference of median and third quartile then the distribution is classified as

A. absolute open ended
B. positively skewed
C. negatively skewed
D. not skewed at all
Answer» C. negatively skewed
Discussion
55.

If the first quartile and third quartile are as 32 and 35 respectively with the median of 20 then distribution is skewed to

A. lower tail
B. upper tail
C. close end tail
D. open end tail
Answer» B. upper tail
Discussion
56.

The measurement techniques used to measure the extent of skewness in data set values are called

A. measure of distribution width
B. measure of median tail
C. measure of tail distribution
D. measure of skewness
Answer» E.
Discussion
57.

If the beta one is 9, beta two is 11 then coefficient of skewness is

A. 0.589
B. 0.689
C. 0.489
D. 0.889
Answer» C. 0.489
Discussion
58.

The statistical measures such as average deviation, standard deviation and mean are classified as part of

A. deciles system
B. moment system
C. percentile system
D. quartile system
Answer» C. percentile system
Discussion