Sail E0 Webinar

MCQs

Business Statistics Basics

Total Questions : 85 | Page 3 of 9 pages
Question 21. In confidence interval estimation, the interval estimate is also classified as
  1.    confidence efficient
  2.    confidence deviation
  3.    confidence mean
  4.    marginal coefficient
 Discuss Question
Answer: Option A. -> confidence efficient
Answer: (a).confidence efficient
Question 22. The knowledge of possible errors, point estimate and the degree of confidence is classified as
  1.    interval estimation
  2.    confidence interval
  3.    hypothesis testing
  4.    both a and b
 Discuss Question
Answer: Option D. -> both a and b
Answer: (d).both a and b
Question 23. The distance between the true value of population parameter and estimated value of population parameter is called
  1.    error of central limit
  2.    error of confidence interval
  3.    error of estimation
  4.    error of hypothesis testing
 Discuss Question
Answer: Option C. -> error of estimation
Answer: (c).error of estimation
Question 24. The value of any sample statistic which is used to estimate the parameters of population is classified as
  1.    point estimate
  2.    population estimate
  3.    sample estimate
  4.    parameter estimate
 Discuss Question
Answer: Option A. -> point estimate
Answer: (a).point estimate
Question 25. 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
  1.    known standard deviation
  2.    unknown standard deviation
  3.    standard interval deviation
  4.    population interval theorem
 Discuss Question
Answer: Option B. -> unknown standard deviation
Answer: (b).unknown standard deviation
Question 26. If the true value of population parameter is 10 and the estimated value of population parameter is 15 then the error of estimation is
  1.    5
  2.    25
  3.    0.667
  4.    150
 Discuss Question
Answer: Option A. -> 5
Answer: (a).5
Question 27. The focus groups, individual respondents and panels of respondents are classified as
  1.    pointed data sources
  2.    itemized data sources
  3.    secondary data sources
  4.    primary data sources
 Discuss Question
Answer: Option D. -> primary data sources
Answer: (d).primary data sources
Question 28. The technique used to analyze unemployment rate, inflation rate anticipation and capacity utilization to manufacture goods is classified as
  1.    data supplying technique
  2.    forecasting technique
  3.    data importing technique
  4.    data exporting technique
 Discuss Question
Answer: Option B. -> forecasting technique
Answer: (b).forecasting technique
Question 29. The variables whose measurement is done in terms such as weight, height and length are classified as
  1.    continuous variables
  2.    measuring variables
  3.    flowchart variables
  4.    discrete variables
 Discuss Question
Answer: Option A. -> continuous variables
Answer: (a).continuous variables
Question 30. The analysis of labor turnover rates, performance appraisal, training programs and planning of incentives are examples of role of
  1.    statistics in personnel management
  2.    statistics in finance
  3.    statistics in marketing
  4.    statistics in production
 Discuss Question
Answer: Option A. -> statistics in personnel management
Answer: (a).statistics in personnel management

Latest Videos
Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)
Direction Sense Test Part 1 Reasoning (Hindi)
Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE
Cube & Cuboid Part 1 Reasoning (Hindi)
Data Interpretation (DI) Basic Concept Reasoning (Hindi)
Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)
Sail E0 free webinar Webinars
Real Numbers Part 7 Class 10 Maths
Real Numbers Part 1 Class 10 Maths
Polynomials Part 1 Class 10 Maths

Latest Test Papers

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI
Tabulation - Test Paper 2 Data Interpretation Reasoning & DI
Test Paper 1 Direction Sense Test Reasoning & DI
ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0
GFM Combined 1 Free Revision Test SAIL JO E-0