1.

Collection of data is not a big problem but meaningful interpretation of

data requires a sound knowledge of statistics. 

True
Your Answer:

2. Although the size of business is increasing every day, yet there is no

increase in complexities and problems. 

False
Your Answer:

3. In all the functional areas of business, like accounting, finance,

management, and marketing, knowledge of statistics is a key for decision
making. 

True
Your Answer:

4. The use of various statistical software like MS Excel, Minitab, SPSS, and
SAS has reduced the burden of computing. 

True
Your Answer:

5. A researcher need not have proper knowledge of the levels of data

measurement represented by numbers that are to be analyzed. 

False
Your Answer:

6. Personal Identification Number (PIN) is an example of ordinal level data. 

True
Your Answer:
Correct Answer: False
7. The ordinal scale can be used to rank or order objects. 

True
Your Answer:

8. In the interval level measurement, the distance between two consecutive

numbers is not meaningful. 

True
Your Answer:
Correct Answer: False

9. Nominal and ordinal level data are some times referred to as non metric
data. 

True
Your Answer:

10 Interval and ratio level data are some times referred to as metric data. 
.
True
Your Answer:

11 A population is a collection of a few elements, under statistical

investigation. 
.
True
Your Answer:
Correct Answer: False

12 A sample is a portion of population drawn through a valid statistical

procedure. 
.
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Your Answer:
13 A scientific procedure to make inferences about the population on the
basis of sample comes under descriptive statistics.
.
(blank)
Your Answer:

14 A parameter is a descriptive measure of some characteristics of the

population. 
.
True
Your Answer:

15 A descriptive measure computed from a sample is called a statistic. 

.
True
Your Answer: