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MCQs

Business Statistics Basics

Total Questions : 85 | Page 2 of 9 pages
Question 11. The data measurement which arises from a specific process of counting is classified as
  1.    continuous data
  2.    discrete data
  3.    reliable data
  4.    valid data
 Discuss Question
Answer: Option B. -> discrete data
Answer: (b).discrete data
Question 12. The subset of selected population is called
  1.    descriptive portion
  2.    elementary portion
  3.    inferential portion
  4.    sample
 Discuss Question
Answer: Option D. -> sample
Answer: (d).sample
Question 13. The analysis based on study of price fluctuations, production of commodities and deposits in banks is classified as
  1.    sample series analysis
  2.    time series analysis
  3.    numerical analysis
  4.    experimental analysis
 Discuss Question
Answer: Option B. -> time series analysis
Answer: (b).time series analysis
Question 14. The reports published by International Labor Organization and International Monetary Fund are considered as
  1.    external primary data sources
  2.    internal primary data sources
  3.    external secondary data sources
  4.    internal secondary data sources
 Discuss Question
Answer: Option C. -> external secondary data sources
Answer: (c).external secondary data sources
Question 15. The structured undisguised questionnaire is the one in which the purpose of study is
  1.    not disclosed to respondents
  2.    disclosed to respondents
  3.    interval respondents
  4.    ratio respondents
 Discuss Question
Answer: Option B. -> disclosed to respondents
Answer: (b).disclosed to respondents
Question 16. The scale which is used in determination of categorical information is called
  1.    discrete scale
  2.    continuous scale
  3.    valid scale
  4.    nominal scale
 Discuss Question
Answer: Option D. -> nominal scale
Answer: (d).nominal scale
Question 17. The statistical method which facilitate the decision making process for population sample results is classified as
  1.    decisional procedure
  2.    inferential statistics
  3.    elementary statistics
  4.    social methodology
 Discuss Question
Answer: Option B. -> inferential statistics
Answer: (b).inferential statistics
Question 18. The collection of observations for all the variables related to some research or findings is classified as
  1.    data
  2.    population
  3.    statistical process
  4.    mesokurtic
 Discuss Question
Answer: Option A. -> data
Answer: (a).data
Question 19. For quality improvements, the philosophy which acts like a guide and provides solid foundation is classified as
  1.    management philosophy
  2.    statistical philosophy
  3.    serial philosophy
  4.    parallel philosophy
 Discuss Question
Answer: Option A. -> management philosophy
Answer: (a).management philosophy
Question 20. All the individual elements of sample are considered as
  1.    experimental units
  2.    population units
  3.    statistical units
  4.    process units
 Discuss Question
Answer: Option A. -> experimental units
Answer: (a).experimental units

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