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MCQs

Business Statistics Basics

Total Questions : 85 | Page 7 of 9 pages
Question 61. The science and art which is used to present, analyze and interpret the collected observations is classified as
  1.    serial analysis
  2.    statistics
  3.    management
  4.    accounting
 Discuss Question
Answer: Option B. -> statistics
Answer: (b).statistics
Question 62. The branch of statistics which deals with findings of solution in the field of medicine, education and economics is classified as
  1.    economic statistics
  2.    applied statistics
  3.    mathematical statistics
  4.    industry statistics
 Discuss Question
Answer: Option B. -> applied statistics
Answer: (b).applied statistics
Question 63. The use of statistics in analysis of time when to order and quantity required for the in sourcing or outsourcing of materials is an example of usage of
  1.    statistics in marketing
  2.    statistics in production
  3.    statistics in personnel management
  4.    statistics in finance
 Discuss Question
Answer: Option B. -> statistics in production
Answer: (b).statistics in production
Question 64. The measurement of how well the particular concept and technique measures the variables is classified as
  1.    reliability
  2.    validity
  3.    continuity of variables
  4.    goodness of variables
 Discuss Question
Answer: Option A. -> reliability
Answer: (a).reliability
Question 65. The type of questions for questionnaire includes
  1.    multiple choices
  2.    open ended
  3.    dichotomous
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 66. The group of observations for which better understanding is needed and the group is related to specific phenomenon is classified as
  1.    population
  2.    population statistic
  3.    phenomenon statistic
  4.    parameter statistic
 Discuss Question
Answer: Option A. -> population
Answer: (a).population
Question 67. The characteristics that are intended to be analyzed and investigated for a given population are classified as
  1.    exponents
  2.    constants
  3.    variables
  4.    exponential base
 Discuss Question
Answer: Option C. -> variables
Answer: (c).variables
Question 68. The type of questions included in questionnaire to record responses in which the respondents have set of alternatives are classified as
  1.    open ended questions
  2.    close ended questions
  3.    multiple choices
  4.    itemized question
 Discuss Question
Answer: Option B. -> close ended questions
Answer: (b).close ended questions
Question 69. The number of employees according to human resource manager is an example of
  1.    flowchart variable
  2.    discrete variable
  3.    continuous variable
  4.    measuring variable
 Discuss Question
Answer: Option B. -> discrete variable
Answer: (b).discrete variable
Question 70. The uses of index numbers includes
  1.    commodity prices
  2.    cost of living
  3.    exports and imports
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above

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