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MCQs

Business Statistics Basics

Total Questions : 85 | Page 5 of 9 pages
Question 41. The tools such decision making by nominal groups, brain storming and term buildings are all considered as
  1.    serial tools
  2.    behavioral tools
  3.    statistical tools
  4.    parallel tools
 Discuss Question
Answer: Option B. -> behavioral tools
Answer: (b).behavioral tools
Question 42. One of the category of the statistical method is
  1.    managerial statistics
  2.    decision science
  3.    inferential statistics
  4.    industry statistics
 Discuss Question
Answer: Option C. -> inferential statistics
Answer: (c).inferential statistics
Question 43. The time frame to complete a transaction in bank is classified as
  1.    parameters
  2.    process
  3.    mixer
  4.    sampler
 Discuss Question
Answer: Option B. -> process
Answer: (b).process
Question 44. The branch of statistics in which the data is collected according to ordinal scale or nominal scale is classified as
  1.    distribution statistics
  2.    sampling statistics
  3.    parametric statistics
  4.    non-parametric statistics
 Discuss Question
Answer: Option D. -> non-parametric statistics
Answer: (d).non-parametric statistics
Question 45. The type of rating scale which represents response of respondents by marking at appropriate point is classified as
  1.    graphic rating scale
  2.    responsive scale
  3.    pointed scale
  4.    marking scale
 Discuss Question
Answer: Option A. -> graphic rating scale
Answer: (a).graphic rating scale
Question 46. The range or set of values which have chances to contain value of population parameter with particular confidence level is considered as
  1.    secondary interval estimation
  2.    confidence interval estimate
  3.    population interval estimate
  4.    sample interval estimate
 Discuss Question
Answer: Option B. -> confidence interval estimate
Answer: (b).confidence interval estimate
Question 47. The upper and lower boundaries of interval of confidence are classified as
  1.    error biased limits
  2.    marginal limits
  3.    estimate limits
  4.    confidence limits
 Discuss Question
Answer: Option D. -> confidence limits
Answer: (d).confidence limits
Question 48. 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
  1.    4.044
  2.    3.044
  3.    1.044
  4.    2.044
 Discuss Question
Answer: Option C. -> 1.044
Answer: (c).1.044
Question 49. Considering the sample statistic, if the mean of sampling distribution is equal to population mean then the sample statistic is classified as
  1.    unbiased estimator
  2.    biased estimator
  3.    interval estimator
  4.    hypothesis estimator
 Discuss Question
Answer: Option A. -> unbiased estimator
Answer: (a).unbiased estimator
Question 50. For a parameter whose value is unknown, the belief or claim for that parameter is classified as
  1.    parameter claim testing
  2.    expected belief testing
  3.    hypothesis testing
  4.    primary limit testing
 Discuss Question
Answer: Option C. -> hypothesis testing
Answer: (c).hypothesis testing

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