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Business Statistics MCQs
Business Statistics MCQs
Introduction:
Data Condensation and Presentation:
Measures of Central Tendency for Grouped:
2-The ______ is the value you calculate when you want the arithmetic
average.
a. Mean
b. Median
c. Mode
d. All of the above
8-A graph that uses vertical bars to represent data is called a ____.
a. Line graph
b. Bar graph
c. Scatterplot
d. Vertical graph
11-As a general rule, the _______ is the best measure of central tendency
because it is more precise.
a. Mean
b. Median
c. Mode
d. Range
14-If you drew all possible samples from some population, calculated the
mean for each of the samples, and constructed a line graph (showing the
shape of the distribution) based on all of those means, what would you
have?
a. A population distribution
b. A sample distribution
c. A sampling distribution
d. A parameter distribution
15-The use of the laws of probability to make inferences and draw
statistical conclusions about populations based on sample data is referred
to as ___________.
a. Descriptive statistics
b. Inferential statistics
c. Sample statistics
d. Population statistics
19-A national random sample of 20 ACT scores from 2010 is listed below.
Calculate the sample mean and standard deviation. 29, 26, 13, 23, 23, 25,
17, 22, 17, 19, 12, 26, 30, 30, 18, 14, 12, 26, 17, 18
a. 20.50, 5.79
b. 20.50, 5.94
c. 20.85, 5.79
d. 20.85, 5.94
20-A list of 5 pulse rates is: 70, 64, 80, 74, 92. What is the median for this
list?
a. 74
b. 76
c. 77
d. 80
26-The monthly income of 5 persons are 3000, 5000, 4000, 2000 and 6000.
Their arithmetic mean should be
4000
6000
5000
3500
27-The positive square root of the mean of the squared deviations of the
values from their mean is known as
standard deviation
median
variance
harmonic mean
33-The three points that divides the set into 4 equal group are called
deciles
percentiles
quartiles
none of above
52-Which of the measures given here are based on every item of the series
(uses all observations)?
A: Range
B: Standard Deviation
C: Quartile Deviation
D: All of them
53-In a distribution of 10, 20, 30, 40, 50, the x is 30, the sum of deviations
from x will be:________?
A: 60
B: 30
C: Zero
D: 15
D. non of these
62-This index measure the change from month to month in the cost of a
representative ‘basket’ of goods and services of the type bought by a typical
household?
D. None of these
66-Base year quantities are used as weights in _______________?
A. Laspeyre’s index
B. Paasche’s index
C. Fisher’s index
D. None of these
C. ∑pn(qo + qn)/∑pn
68-The Index number are used to measure seasonal and cyclical variations in
____________?
A. Wholesale
B. Relatives
C. commodities
D. Time series
A. Yearly
B. Basely
C. Timely
D. Averagely
70-Link relative = ________________?
A. Pn/Po x 100
B. Pn/Po x 100
D. Pn/P1 x 100
A. Overall
B. Variation
C. Same
D. Capable
72-An Index number which measure the change of a _____ is called Aggregative 1.
No?
A. Industrial activity
B. Goods consumed
C. Cost of living
D. Retail price
A. Reliable
B. Special purpose
C. Index Number
D. Scope
A. Chain relative
B. Kind
C. Purpose
D. Price
Topic#probability
75-When we throw a coin then what is the probability of getting head?
A. 1/2
B. 3
C. 4
D. 1
Two
three
Four
One
Four
Three
Two
One
78-When we throw a coin then what is the probability of getting a tail?
A. 2
B. 1/2
C. 5
D. 0
79-When we throw two dice then what is the probability of getting a sum 9?
A. 2/9
B. 1/12
C. 1/9
D. All of these
50%
60%
20%
30%
Sample point
Set
Event
space
83-Probability of an event can not be ___?
Positive
Negative
Zero
Non of these
D. None of these
A. one
B. different
C. Same
D. All of these
A. A is equal to zero
B. intersection of A
C. complement of A
D. union of A
87-If the occurrence of one event means that another cannot happen, then the
events are _______________?
A. Independent
B. Mutually Exclusive
C. Bayesian
D. Empirical
A. 5
B. 5×5
C. 1
D. None of these
A. Independent
B. Mutually exclusive
C. Bayesian
D. Empirical
91-The probability of getting at least one head when two balance coins are tossed
once __________________?
A. 1/4
B. 2/4
C. 3/4
D. 4/4
Topic #set
92-A __________ is an ordered collection of objects.
a. Relation
b. Function
c. Set
d. Proposition
a. {1, 2, 3}
b. {1, 3, 5, 7, 9}
c. {1, 2, 5, 9}
d. {1, 5, 7, 9, 11}
a. One
b. Two
c. Zero
d. Three
a. True
b. False
C. none
D. Both
a. Infinite
B. Finite
c. Subset
d. Empty
99-What is the Cardinality of the Power set of the set {0, 1, 2}?
a. 8
b. 6
c. 7
d. 9
100-A ⊆ B means
A. A is superset of B
B. A is subset of B
D. A is improper subset of
A: One
B: Three
C: Four
D: None
103-If a set has four elements then it's power set will contain elements equal
to ..............elements.
A: 16
B: 5
C: 10
D: 7
104-(A')' = .................
A: B'
B: U
C: U'
D: A
A: Super set
B: Proper subset
C: Subset
D: Improper subset
A: Power
B: Proper
C: Null
D: Super
a) 10
b) 12
c) 7
d) 8
108-In a colony, there are 55 members. Every member posts a greeting card to all
the members. How many greeting cards were posted by them?
a) 990
b) 890
c) 2970
d) 1980
a) 9, 4
b) 10, 3
c) 12, 4
d) 11, 4
110-In how many ways can we select 6 people out of 10, of which a particular
person is not included?
a) 10C3
b) 9C5
c) 9C6
d) 9C4
A. 600
B.120
C.240
D.60
112-In how many ways can the letters of the word 'LEADER' be arranged?
A.72
B.144
C.360
D. 720
113-In a colony, there are 55 members. Every member posts a greeting card to all
the members. How many greeting cards were posted by them?
a) 990
b) 890
c) 2970
d) 1980
114-Find the number of ways of arranging the letters of the words DANGER, so
that no vowel occupies odd place.
a) 36
b) 48
c) 144
d) 96
115-Find the sum of all four digit numbers that can be formed by the digits 1, 3, 5,
7, 9 without repetition.
a) 666700
b) 666600
c) 678860
d) 665500
a) 9, 4
b) 10, 3
c) 12, 4
d) 11, 4
a. 296, 204
b. 1092, 204
c. 204, 1092
d. 204, 1296
118-There are 20 points in a plane, how many triangles can be formed by these
points if 5 are colinear?
a. 1130
b. 550
c. 1129
d. 1140
119-In how many ways can we select 6 people out of 10, of which a particular
person is not included?
a. 10C3
b. 9C5
c. 9C6
d. 9C4
a. True
b. False
C. Both
D. Bone
nCr= nCn-r
a. True
b. False
C. None
b. Coefficient of skewness
c. Coefficient of kurtosis
d. Coefficient of variation
123-The measure used to calculate the variation present among the observation
related to their average is called:
a. Coefficient of kurtosis
b. Quartile deviation
a. 13
b. 15
c. 16
d. 19
a. 26
b. 130
c. 45
d. 90
c. Square of mean
d. None
a. 6
b. 0
c. 3
d. 2
a. 140
b. 143
c. 146
d. 70
a. 16
b. 14
c. 30
d. 8
a. Q3-Q1
b. Q2-Q1
c. Q3-Q1
d. Q1-Q2
a. Central tendency
b. Dispersion
c. Skewness
d. Symmetry
a. Mean
b. Median
c. Mode
d. Lower quartile
a. Mean deviation
b. Variance
c. Standard deviation
d. Coefficient of variation
a. Interquartile range
b. Quartile deviation
c. Mean deviation
d. Standard deviation
a. Mean
b. Median
c. Range
d. Coefficient of variation
136-Which of the following is an absolute measure of dispersion?
a. Coefficient of variation
b. Coefficient of dispersion
c. Standard deviation
d. Coefficient of skewness
a. Positive
b. Zero
c. Negative
d. Equal to 2
a. Range
b. Zero
c. Positive
a. Coefficient of variation
b. Variance
c. Standard deviation
d. None of these
b. Median
c. Mean
d. Geometric mean
141-__________is used to measure the variation in two or more sets of data even
through they are measured in different data.
a. Coefficient of variation
b. Standard deviation
c. Range
d. none
Σd=
0
1
SSx
n
Σ(d2) =
SSx
1
0
n
10. What is another name for the greatest element in a data set?
Maximum
Minimum
Median
Mode
HIDE
11. What is another name for the least element in a data set?
Maximum
Minimum
Median
Mode
HIDE ANSWER
12. How do you find the range of a data set?
Maximum minus minimum
Maximum plus minimum
The sum of the maximum and the minimum, divided by two
Upper class boundary minus lower class boundary
15. What is the variance of this data set? The data comes from a population.
72.88
21.41
457.43
395.71
16. What is the standard deviation for the data set given below? Data comes from
a population.
{ 5, 10, 7, 12, 0, 20, 15, 22, 8, 2 }
6.89
10.1
7.26
9
21. If the variance of a data set is 64, what is its standard deviation?
8
4096
4
32
24. In Chebychev's Theorem, "k" stands for the number of ______________ a given
boundary is away from the _____________.
Standard deviations; mean
Means; standard deviation
Standard deviations; median
Medians; standard deviation
26. The mean score of the Insurance Commission Licensure Examination is 75 with a
standard deviation of 5. At least ______ of the data in this set lies between 50 and 100.
99%
98%
97%
96%
27. The mean age of flight attendants of PAL is 40 years old with a standard deviation of
8 years.
---
Therefore, at least _______ of flight attendants working for this airline are between 20
and 60 years old.
96%
90%
84%
75%
28. The mean age of salespeople in ABC Dept. Store is 30 years with a standard
deviation of 6 years. From this, we can conclude that at least 75% of salespeople in this
store are between ____________ years old
24 and 36
18 and 42
12 and 48
6 and 54
29. The mean score on an accounting test is 80 with a standard deviation of 10.
---
From this, we can conclude that at least 88.89% of the scores on this test are between
_______
70 - 90
60 - 100
50 - 110
40 - 120
30. A class of second graders has a mean height of five feet with a standard deviation of
one inch. At least what percent of the class must be between 4'10" and 5'2"?
68%
93.75%
88.89%
75%
32. Bacteria in a culture live for an "average "(mean) time of three hours with standard
deviation of 10 minutes.
---
From this, we can conclude that at least ______ of the bacteria in this culture live
between two and four hours.
97.2%
93.75%
-99%
91.8%
33. 500 students in the school were weighed. The mean weight was 150 lbs. with a
standard deviation of 20 lbs.
---
From this, we can conclude that at least 400 students must weigh between __________
lbs.
105.2 and 194.8
50 and 250
127.6 and 172.4
125 and 175
34. The Coefficient of Variation (CV) should only be used with data that is at the
_____________ level of measurement.
Nominal
Ordinal
Interval
Ratio
36. A data set has a Pearson's Coefficient of Skew of -0.06. Which of the following is a
good description of this data set?
Slightly skew left
Slightly skew right
Significantly skew left
Significantly skew right
37. A symmetric data set would have a Pearson's Coefficient of Skew of...
0
1
-1
None of these
The scatter in a series of values about the average is called: (a) Central tendency (b) Dispersion
(c) Skewness (d) Symmetry MCQ No
4.2 The measurements of spread or scatter of the individual values around the central point is
called: (a) Measures of dispersion (b) Measures of central tendency (c) Measures of skewness (d)
Measures of kurtosis MCQ No
4.3 The measures used to calculate the variation present among the observations in the unit of
the variable is called: (a) Relative measures of dispersion (b) Coefficient of skewness (c) Absolute
measures of dispersion (d) Coefficient of variation MCQ No
4.4 The measures used to calculate the variation present among the observations relative to
their average is called: (a) Coefficient of kurtosis (b) Absolute measures of dispersion (c) Quartile
deviation (d) Relative measures of dispersion MCQ No
4.5 The degree to which numerical data tend to spread about an average value called: (a)
Constant (b) Flatness (c) Variation (d) Skewness MCQ No
4.6 The measures of dispersion can never be: (a) Positive (b) Zero (c) Negative (d) Equal to 2
MCQ No
4.7 If all the scores on examination cluster around the mean, the dispersion is said to be: (a)
Small (b) Large (c) Normal (d) Symmetrical MCQ No
4.8 If there are many extreme scores on all examination, the dispersion is: (a) Large (b) Small (c)
Normal (d) Symmetric MCQ No
4.9 Given below the four sets of observations. Which set has the minimum variation? (a) 46, 48,
50, 52, 54 (b) 30, 40, 50, 60, 70 (c) 40, 50, 60, 70, 80 (d) 48, 49, 50, 51, 52 MCQ No
4.10 Which of the following is an absolute measure of dispersion? (a) Coefficient of variation (b)
Coefficient of dispersion (c) Standard deviation (d) Coefficient of skewness MCQ No
4.11 The measure of dispersion which uses only two observations is called: (a) Mean (b) Median
(c) Range (d) Coefficient of variation
The measure of dispersion which uses only two observations is called: (a) Range (b) Quartile
deviation (c) Mean deviation (d) Standard deviation MCQ No
4.13 In quality control of manufactured items, the most common measure of dispersion is: (a)
Range (b) Average deviation (c) Standard deviation (d) Quartile deviation MCQ No
4.14 The range of the scores 29, 3, 143, 27, 99 is: (a) 140 (b) 143 (c) 146 (d) 70 MCQ No
4.15 If the observations of a variable X are, -4, -20, -30, -44 and -36, then the value of the range
will be: (a) -48 (b) 40 (c) -40 (d) 48 MCQ No
4.16 The range of the values -5, -8, -10, 0, 6, 10 is: (a) 0 (b) 10 (c) -10 (d) 20
4.18 If the maximum value in a series is 25 and its range is 15, the maximum value of the series
is: (a) 10 (b) 15 (c) 25 (d) 35 MCQ No
4.19 Half of the difference between upper and lower quartiles is called: (a) Interquartile range (b)
Quartile deviation (c) Mean deviation (d) Standard deviation MCQ No
4.20 If Q3=20 and Q1=10, the coefficient of quartile deviation is: (a) 3 (b) 1/3 (c) 2/3 (d) 1 MCQ
No
4.21 Which measure of dispersion can be computed in case of open-end classes? (a) Standard
deviation (b) Range (c) Quartile deviation (d) Coefficient of variation MCQ No
4.22 If Y = aX ± b, where a and b are any two constants and a ≠ 0, then the quartile deviation of
Y values is equal to: (a) a Q.D(X) + b (b) |a| Q.D(X) (c) Q.D(X) – b (d) |b| Q.D(X) MCQ No
4.23 The sum of absolute deviations is minimum if these deviations are taken from the: (a) Mean
(b) Mode (c) Median (d) Upper quartile MCQ No
4.24 The mean deviation is minimum when deviations are taken from: (a) Mean (b) Mode (c)
Median (d) Zero
40 , 120,360,90 .
X = £xi/n , x = £fu/n ,
X = £An ni
i-1 / n.
> Geometric Mean for ungroup data . G = Anti log { £f log x )/n
G .M = antilog ( £ log x / n )
X = £An xi
l-l/n.
H = n/£{f/x)
> Calculate Harmonic mean following mark obtained by 9 student
given below , x , 45,32 ,37 46,39, 36, 41, 48, 36 ungrouped data .
9.0.22862.393663 .
19 .5045 .
P 1 = [ j ( n+1) /100 ]
DI = [ j ( n + 1) /10 ] Df=[(7n/10) + l]An.
Percentile for ungroup data .
DI = [ j( n+1) /IO ]
P 1 = [ j ( n+ 1) / 100
Ql = [j(n+ 1) / 4
P 25 = L + h / f ( 25 / 100 - c ).
Mid Value.
Most repeated Value.
Value obtained by dividing sum of all observation by no of
observation . None of these .
6,8, 5 .7,5 .
> The data having one mode is . Mode , UNI Model distribution .
Bi model distribution , Multi - Model distribution .
> Data having more than two modes
is.
3,4,6,7 ,10,6,5,5,3,1.
10,4,5,50.
Data.
£An /I - 1 fi , X = £n /n ,
X = A+ £D/n
l + fm-fl*h/(fm-fl) + (fm-2).
Observation arranged in Asending or de sending order value,
value that divides into equal part's are called . Means , Mode ,
Median , Harmonic Mean
> Observation are arranged in increasing order the value, that
divide whole data into four (4) equal parts.
INDEX NUMBER.
£ pl q0 + £ pl 91_________________________________
P” 1 = £ p° qO £ p ° q o ‘ 100 / 2 .
P° 1 = V £ p 1 q 0 / £p ° q o * £ plql/£p°q 1 * 100.
P° 1 = £ pl q o / £ p ° q o * 100 . P * 1 = £ p 1 q 1 /£ p ° q 1 *
100 . >Weighed arithmetic mean of price relative . P’l=£pv/
£v
V = £ p 1 q 1 / p ’ q o * 100 P ’ 1 = £ pl / £ p “ * 100 P ’ 1 =
£ ( pl / p'* 100/N )
P ’ I = £ p I / £ q I * 100
P ’ I = £ p I q I / £ p ° q o * 100 P° I = £ p
v/£V.
38720/31520 * 100 = ?
122.84
122. 66
122.69
122. 49
a 10
b 14
c. 18
d 12
b A measure of variability
above
3 Hypothesis testing and estimation are both
b False
graph
b Bargraph
c. Scatterplot
d Vertical graph
b Median
C Mode
D. Range
the ____ is the value you calculate when you want the arithmetic
average?
1) mean
2) median
3) mode
4) all of the above
median
variance
stander daviation
range
a) 1130
b) 560
c) 1129
d) 1140
a) True
b) False
25. There are 30 people in a group If all shake hands with
a. 1440
b. 6
c. 2160
d. 4320
28 In Cricket League, in first round every team plays a match
a. 36
b 72
c. 9!
d. 9! -1 14.
29.How many combinations are possible while selecting four
letters from the word SMOKEJACK with the condition that *J*
a. 81
b. 8!/2!
c. 3!/2!
d. 41
30.In a room there are 2 green chairs. 3 yellow chairs and 4
blue chairs. In how many ways can Raj choose 3 chairs so that
a. 3
b . 30
c. 64
d. 84
a. "Ct x 9! X 8!
b. rC» x 81 X 7!
c. 8! X 7!
d. "C.x8!X9?
a. 760
b. 190
c. 380
d. 72
33 In Daya’s bag there are 3 books of History. 4 books of
arrange the books so that all the books of same subject are
together?
a. 9
b. 6
c. 8640
d. d.1728
34. A locker in bank has 3 digit lock. Mahesh forgot his
password and was trying all possible combinations. He took 6
seconds for each try. The problem was that each digit can be
from 0 to 9. How much time will be needed to by Mahesh to
try all the combinations?
a. 90 minutes
b. 120 minutes
c. 60 minutes
d. 100 minutes
35 Mayur travels from Mumbai to Jammu in 7 different ways.
But he is allowed to return to Mumbai by any way except the
one he used earlier. In how many ways can he complete his
journey?
a. 49
b. 42
c. 48
d. 6
HIDE ANSWER
HIDE ANSWER