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MOST POPULAR AROUND THE WORLD

SUCCESS

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SERIES

BUSINESS STATISTICS
BOOST YOUR COMMERCE KNOWLEDGE

DESIGNED FOR SURE SUCCESS


MCQ EDITION
NARAYAN CHANGDER

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2

Preface:
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JAI SHREE RAM

NARAYAN CHANGDER
This E-book is dedicated to the loving memory of my mother:

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my guiding light, my shining star,
forever

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affection that I dedicate this Ebook.

To my mother JOYTSNA CHANGDER


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who has been a constant source of Knowledge and in-


spiration. Mom, Covid did not take you, it took our
many dreams. wherever you are we will meet again.
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Contents

1 BUSINESS STATISTICS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1.1 BUSINESS STATISTICS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1. BUSINESS STATISTICS

NARAYAN CHANGDER
1.1 BUSINESS STATISTICS
1. Is a variable, which is affected or influ- 4. Joint Probability is calculated by using the
enced by another variable formula
A. Independent Variable A. P (A ∪ B) = P (A) + P (B) −
B. Dependent Variable P (A ∩ B)
C. Constant B. P (A ∪ B) = P (A) + P (B)
D. Data C. P (A ∩ B) = P (A) P (B)
P(A∩B)
2. A statistics student made the following D. P (A |B|) = P(B)
grades on 5 tests:84, 78, 88, 78, and
72.What is the median grade? 5. Bayes’ Theorem can be represented as
P(A1 )P(B|A1 |)
A. 88 A. P (A1 |B|) = P(A
1 )P(B|A1 |)−P(A2 )P(B|A2 |)
B. 72
P(A1 )P(B|A1 |)
C. 78 B. P (A1 |B|) = P(A
1 )P(B|A1 |)×P(A2 )P(B|A2 |)
D. 80
P(A1 )P(B|A1 |)
E. 82 C. P (A1 |B|) = P(A
1 )P(B|A1 |)+P(A2 )P(B|A2 |)

3. “The size of French fries ordered by P(A1 )P(B|A1 |)


D. P (A1 |B|) = P(A
McDonald’s customers is either small, 1 )P(B|A1 |)±P(A2 )P(B|A2 |)

medium or large.” Based on the state-


ment above, what scale of measurement 6. Statistics is defined in terms of numerical
is used? data in the-

A. Nominal A. Singular sense


B. Ordinal B. plural sense
C. Interval C. Either A or B
D. Ratio D. Both a and b

1. B 2. C 3. B 4. C 5. C 6. B 7. B
1.1 BUSINESS STATISTICS 3

7. Statistics can study individuals. time it takes John to build these comput-
A. True ers. Identify the independent and the de-
pendent variables.

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B. False
A. t (time) independent, n (number) de-
8. Wellstone Inc. produces and markets re- pendent
placement covers for cell phones in five B. t (time) dependent upon n (number) in-
different colors. To estimate the demand dependent
for each color, the company set up a sur-
vey and asked randomly selected people C. t and n are both independent variables
which cover color was their favorite. If
Wellstone Inc. plans to produce one million D. none of above
cell phone covers, how many of Tangerine
Orange color should be produced? 13. Quartile deviation is a measure of disper-
sion that considers the interquartile range.
A. 220000 True or False?
B. 350000 A. True
C. 250000 B. False
D. 80000
14. Inferential statistics is concerned with:
9. Seasonal variations are A. giving the best estimate of the popula-
A. Short term variation tion.
B. Long term variation B. finding the measures of central ten-
dencies.
C. Sudden variation
C. making conclusions about a population
D. None
from sample data.
10. What is the class size of the class interval D. summarizing and presenting data.
63-74?
15. Which of the following is a measure of cen-
A. 11
tral tendency?
B. 12
A. Standard Deviation
C. 63
B. Variance
D. 74
C. Arithmetic Mean
11. In a Poisson distribution, the mean value D. Mean Deviation
is given by
16. The Equal Employment Opportunity Act re-
A. m=np
quires employers to classify their employ-
B. m=n eesby gender and national origin. Which
C. m=(np)2 level of measurement is this?

D. m=np (1-p) A. Nominal


B. Ordinal
12. Every 2 hours, John can build 3 comput-
ers completely. Suppose n is the number C. Interval
of computers John can build and t is the D. Ratio

8. B 9. A 10. B 11. A 12. A 13. A 14. C 15. C 16. A 17. A


1.1 BUSINESS STATISTICS 4

17. A finite population is one that 23. WHICH OF THE FOLLOWING STATEMENTS
A. can be physically listed IS NOT TRUE?
B. the membership in the population is A. IN MEASURING DISPERSION, THE
unlimited STANDARD DEVIATION IS MORE FRE-
C. ends abruptly due to a catastrophy QUENTLY USED THEN THE MEAN DEVIA-
TION.
D. ends abruptly due to natural causes,
such as a flood or the ice age B. IMAGER LIMITATION OF THE RANGE

NARAYAN CHANGDER
IS THAT IT IGNORES THE LARGE NUMBER
18. The number of miles that Jenna cycled each OF OBSERVATIONS IN A SERIES.
week for a 7-week period is shown:36,
42, 28, 52, 48, 36, 31 What is the me- C. WHILE CALCULATING VARIANCE, EV-
dian number of miles Jenna cycled? ERY OBSERVATION IN A SERIES IS CON-
SIDERED.
A. 24
B. 36 D. THE COEFFICIENT OF VARIATION IS
MEASURED IN THE SAME UNITS IS THE
C. 39
OBSERVATIONS IN A SERIES.
D. 52
19. Which of the measures of central tendency 24. A nominal variable
can be determined graphically A. is a qualitative variable that character-
A. Median izes, describes, or names an element of a
B. Mode population
C. Mean B. is a qualitative variable that incorpo-
D. Median & Mode rates an ordered position, or ranking

20. Frequency distribution is a summary of C. a quantitative variable that can as-


data presented in the form of class inter- sume a countable number of values, in
vals and frequencies. other words, there is a gap between any
two values
A. True
B. False D. a quantitative variable that can as-
sume an uncountable number of values,
21. Time reversal test checks if reversing the in other words, it includes every possible
order of time periods affects the index value between any two values
number. True or False?
A. True 25. Determine the arithmetic mean if John
bought 2 pens at $4.50 each, 3 note books
B. False
at $8.90 each and 4 packs of crayon at
22. Is any numerical or nominal characteristics $17.50 each
of a population
A. $11.74
A. Population
B. $15.22
B. Parameter
C. Statistic C. $16.90
D. Sample D. $17.00

18. B 19. D 20. A 21. A 22. B 23. D 24. A 25. A 26. A


1.1 BUSINESS STATISTICS 5

26. A population in statistics means a collec- B. Sampling at least 10 trials


tion of all C. Independent trials

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A. men and women
D. The probability of success remains
B. subjects or objects of interest constant from trial to trial
C. people living in a country
32. A commuter travels many miles to work
D. none of above each morning. She has timed this trip 5
timesduring the last month. The time (in
27. When you are trying to find the MEDIAN
minutes) required to make this trip was
of a set of data and 2 numbers are left
44, 39, 41, 35, and 41. The mean time re-
in the middle after putting them in order
quired for this trip was 40 minutes.What
from least to greatest, what do you do?
is the standard deviation for this sample
A. List both of the numbers as the Me- data?
dian.
A. 3.32
B. Add the two numbers together and di-
B. 2.97
vide by 2.
C. 1.73
C. Pick the one that you want.
D. Subtract the two numbers. D. 11
E. -1.4
28. Measure of Variability is an example of
Descriptive Statistics 33. “A Measure of Central Tendency is a typ-
A. True ical value around which other figures con-
gregate”. definition given by
B. False
A. simpson and kafka
29. The range of the given data 8, 5, 7, 10,
B. croxton & cowden
12, 6
C. Aaron smokes
A. 5
D. j kaplan
B. 7
C. 10 34. Which one of them is not a measure of dis-
D. 12 persion
A. Range
30. What is the cumulative frequency of the
second class interval? B. Mean Deviation

A. 25 C. Standard Deviation
B. 40 D. Median
C. 15 35. Define Statistics?
D. 50 A. Science of Collecting, organizing, ana-
E. 60 lyzing, interpreting Data
B. Science of Data
31. Which one of the following is NOT a condi-
tion of the binomial distribution? C. Collection
A. Only two outcomes D. Analyzing

27. B 28. A 29. D 30. B 31. B 32. A 33. A 34. D 35. A 36. A
1.1 BUSINESS STATISTICS 6

36. Data collected for the purpose of census 40. Income of a family is an example of
reports are A. Quantitative data
A. Primary data B. Qualitative data
B. secondary data C. Saving
C. sample data D. none of above
D. A or B 41. Find the mode of the call received on 7 con-
secutive day 11, 13, 13, 17, 19, 23, 25

NARAYAN CHANGDER
37. This is a histogram
A. 11
B. 13
C. 17
D. 23
42. What is the mode for the numbers 15, 6,
7, 15, 6, 7, 20, 6?
A. 6
A. true B. 7
B. false C. 15
38. The production department has installed D. 20
a new spray machine to paint automobile
43. The mean score of a college entrance test
doors.As is common with most spray guns,
is 500; the standard deviation is 75. The
unsightly blemishes often appear because
scoresare normally distributed. What per-
ofimproper mixture or other problems. A
cent of the students scored below 320?
worker counted the number of blemishes
on eachdoor. Most doors had no blem- A. About 0.82%
ishes; a few had one; a very few had two; B. About 7.86%
and so on. Theaverage number was 0.5 C. About 34.13%
per door. The distribution of blemishes
followed the Poissondistribution. Out of D. About 50.82%
10, 000 doors painted, about how many 44. What are the steps involved in hypothesis
would have no blemishes? testing?
A. About 3, 935 A. Formulating the null and alternative hy-
B. About 5, 000 potheses, selecting the significance level,
collecting and analyzing the data, calculat-
C. About 6, 065
ing the test statistic, determining the crit-
D. About 500 ical value or p-value, making a decision
and interpreting the results.
39. occurs if one does not reject the null hy-
pothesis when it is false. In hypothesis B. Formulating the null and alternative hy-
testing, type II errors are denoted by beta potheses, selecting the sample size, col-
(B). lecting and analyzing the data, calculating
the test statistic, determining the critical
A. Type I error value or p-value, making a decision and in-
B. Type II error terpreting the results.

37. B 38. C 39. B 40. A 41. B 42. A 43. A 44. A


1.1 BUSINESS STATISTICS 7

C. Selecting the sample size, conducting 49. The weight of an object is an example of
a survey, analyzing the data, calculating
A. a continuous random variable
the test statistic, determining the critical

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value or p-value, making a decision and in- B. a discrete random variable
terpreting the results.
C. either a continuous or a discrete ran-
D. collecting and analyzing the data, cal- dom variable, depending on the weight of
culating the test statistic, Formulating the the object
null and alternative hypotheses, selecting
D. either a continuous or a discrete ran-
the significance level, determining the crit-
dom variable depending on the units of
ical value or p-value, making a decision
measurement
and interpreting the results.
50. the most frequent vales
45. If you score 76, 85, 97, and 83 on your
math tests, what would your median score A. 99% 95% 90%
be?
B. 91% 95% 98%
A. 84
B. 90 51. Refer to the following breakdown of re-
sponses to a survey of “How confident
C. 85 are you thatyou saved enough to re-
D. 88 tire?”What percent of the responses indi-
cated that users were very confident?
46. What is the purpose of descriptive statis-
tics?
A. To collect primary data
B. To analyze secondary data
C. To make estimates about a population
D. To summarize and graph data A. 63%
B. 45%
47. Which types of graphs are used to show
changes over time? C. 33%
A. Line and Bar D. 21%
B. Pie and Bar
52. What is the formula for calculating the
C. Line and Pictograph mean?
D. Bar and Pictograph A. Sum of all values divided by the total
number of values
48. The following are the measure of variabil-
ity, except: B. Sum of all values multiplied by the total
number of values
A. Range
C. Sum of all values divided by the total
B. Mean number of values plus one
C. Variance
D. Sum of all values divided by the total
D. Standard Deviation number of values minus one

45. A 46. D 47. A 48. B 49. A 50. A 51. D 52. A 53. B


1.1 BUSINESS STATISTICS 8

53. Classifying data on the basis of time is B. Ordinal Scale


classification C. Interval Scale
A. Geographical D. Ratio Scale
B. Chronological
59. Which of the following is NOT a feature of
C. Serial inferential statistics?
D. Spatial A. Making decisions.

NARAYAN CHANGDER
54. If the less than cumulative frequency is 5, B. Drawing conclusions.
12, 20, what is the frequency of the sec- C. Forecasting values of a population.
ond class (group)?
D. Summarizing data from a sample.
A. 5
B. 7 60. What graph uses equal widths of rectan-
gles to present data?
C. 8
A. Bar Graph
D. 12
B. Line Graph
55. The variables below whose data scale C. Pictograph
type is ordinal are
D. Pie Graph
A. Religion
B. Age 61. What is the branch of Mathematics that
involves collecting, organizing, analysing
C. Level of education and interpreting data is
D. Body temperature A. Algebra
E. Distance B. Geometry
56. To draw an ogive, it is important for us to C. Statistics
calculate D. Trigonometry
A. relative frequency
62. A sample should be
B. percentage
A. representative of only middle school
C. cumulative frequency students only
D. frequency B. a very large group
57. If Lasperyre’s Index = 151 and Passche’s C. representative of the population
Index = 130 then Fisher’s ideal Index = D. representative of people who volun-
A. 151 teer
B. 130 63. What level of measurement is the Centi-
C. 140 grade temperature scale?
D. 196 A. Nominal

58. Which of the following data represented B. Ordinal


only in numeric C. Interval
A. Nominal Scale D. Ratio

54. B 55. C 56. C 57. C 58. C 58. D 59. D 60. A 61. C 62. C 63. C 64. B
1.1 BUSINESS STATISTICS 9

64. The scale of measurement for a variable 70. The following table gives the frequency
when the data are labels or names used to distribution of times (tothe nearest hour)
identify an attribute of an element. that 90 fans spent waiting in line to buy

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A. Ordinal Scale tickets to arock concert.The relative fre-
quency of the second class is
B. Nominal SCale
A. 22 %
C. Ratio Scale
D. Interval Scale B. 41%
C. 30%
65. Kate’s average on four tests is 74%.
What must Kate score in the next test D. 40%
in order to have an average of 78%, if
her test scores are 73%, 78%, 82% and 71. If a class includes all items including the
63%? limits, that class is called
A. 76% A. Cumulative class
B. 85% B. Inclusive class
C. 90% C. Exclusive class
D. 94% D. Midvalue class
66. Which of the following best describes
72. A sample of small bottles and their
statistics?
contents has the following weights (in
A. A method of data analysis grams):4, 2, 5, 4, 5, 2, and 6. What is
B. A branch of mathematics the sample variance of bottle weight?
C. A type of data A. 2.33
D. A way to make decisions B. 4.80
67. There are two types of statistics, descrip- C. 1.96
tive and inferential. Methods of organiz-
D. 6.92
ing, summarizing, and presenting data in
an informative way is called as? 73. The number found in the middle of the data
A. INFERENTIAL STATISTICS set when it is listed in order is
B. DESCRIPTIVE STATISTICS A. mean
68. Which type of data is expressed numeri- B. median
cally? C. mode
A. quantitative
D. range
B. qualitative
74. Dispersion is the measure of the
69. ages of students in a statistics class
A. Nominal A. average of the items

B. Ordinal B. variation of the items


C. Interval C. central value of the items
D. Ratio D. all the above

65. D 66. A 67. B 68. A 69. D 70. C 71. B 72. A 73. B 74. B 75. B
1.1 BUSINESS STATISTICS 10

75. Median of 5, 2, 22, 10, 14, 20, 12, 17 C. Registration


A. 20 D. Experiment
B. 14 E. Interview
C. 10 81. Which of the following statements is not
D. 22 a type of data scale?
A. Discrete
76. With 300 units of data, if you are asked to
create a distribution frequency table, how B. Nominal

NARAYAN CHANGDER
many classes are required? C. Ordinal
A. 7 D. Interval
B. 8 E. Ratio
C. 9 82. Find Trend equation for Y = 35+5x+3x2
D. 10 answer
77. The most suitable average for index num- A. y = 173 + 41x + 3x2 Mathematical
ber is Equivalence OFF
A. A.M 83. the ratings of a movie ranging from “poor”
B. G.M to “good” to “excellent”

C. Mode A. Nominal

D. Median B. Ordinal
C. Interval
78. What are the disadvantages of using sec-
D. Ratio
ondary data?
A. May not meet specific needs 84. WHICH OF THE FOLLOWING STATEMENT
IS TRUE?
B. Accuracy of the second
A. THE DIFFERENCE BETWEEN THE
C. May have transcription errors
LARGEST AND THE SMALLEST OBSERVA-
D. Not readily available or inexpensive TION IS CALLED THE QUARTILE RANGE.
79. If the respondent is asked to indicate his or B. THE DISPERSION IN A SERIES INDI-
her first, second, third, and fourth choices CATES THE RELIABILITY OF THE MEA-
of hotels, the results are: SURE OF CENTRAL TENDENCY.
A. Nominal C. THE INTERQUARTILE RANGE IS
BASED ON ONLY FOUR VALUES COM-
B. Ordinal
BINED IN A SERIES.
C. Interval
D. THE SQUARE ROOT OF THE VARIANCE
D. Ratio GIVES THE STANDARD DEVIATION.
80. The data collection method where only 85. Time series analysis helps us to analyze
some elements of the population are used past trends, but it cannot aid us in future
as research objects is also called uncertainties
A. Sensus A. True
B. Survey B. False

76. C 77. B 78. D 79. B 80. B 81. A 82. A 83. B 84. D 85. B
1.1 BUSINESS STATISTICS 11

86. What is the total ways to select one, two, 91. Identify the data set’s level of measure-
three and four numbers out of 6 numbers? ment:The nationality of each person on an
airplane.

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A. 15
A. Ordinal
B. 360
B. Nominal
C. 516
C. Interval
D. 56
D. Ratio
87. What would be the population in this ex-
92. is the way a set of data is measured.
ample? Surveyors in a mall choose shop-
pers to ask about products they prefer. A. Nominal Scale Level
A. the surveyors B. Level of Measurement
B. all shoppers in the mall C. Ordinal Scale Level
C. the shoppers who were asked their D. Ratio Scale Level
preferences 93. Which of the following can have more than
D. none of above one value?
A. Mean
88. Qualitative variables that are categorized
into two groups. B. Median
A. Dichotomic C. Mode
B. Discrete D. Percentile

C. Continuous 94. The tread life of tires mounted on light-


duty trucks follows the normal probabil-
D. Polynomic
itydistribution with a mean of 60, 000
89. What is the mode? miles and a standard deviation of 4, 000
miles.Suppose you bought a set of four
A. The central value of a set of data tires, what is the likelihood the mean tire
B. The most repetitive value in the set of life of thesefour tires is between 57, 000
data and 63, 000 miles?
C. The arithmetic mean A. 1.00
D. None of the above B. Very likely
C. 0.4332
90. “Averages are statistical constant which
enable us to comprehend in a single effort D. 0.8664
the significance of the whole” this defi- 95. Roger bowled 7 games last weekend. His
nition of Measures of central tendancy is scores are:155, 165, 138, 172, 127, 193,
given by 142. What is the range of Roger’s scores?
A. Kaplan A. 193
B. ya lunch OU B. 127
C. Bowley C. 60
D. Cowden D. 66

86. D 87. B 88. A 89. B 90. C 91. B 92. B 93. C 94. D 95. D 96. C
1.1 BUSINESS STATISTICS 12

96. A method of sampling that involves divid- 101. What is the purpose of an ogive?
ing a population into smaller groups-called A. To display cumulative frequencies
strata.
B. To display stem-and-leaf plots
A. Simple Random Sampling
C. To calculate relative frequencies
B. Systematic Sampling
D. To organize qualitative data
C. Stratified Sampling
102. If Gallup, Harris, and other pollsters
D. Cluster Sampling

NARAYAN CHANGDER
asked people to indicate their political
partyaffiliation as Democrat, Republican,
97. A bag contains 1 yellow ball and 9 red
or Independent, the data gathered would
balls. A ball is chosen at random from
be anexample of which scale of measure-
the bag. What is the BEST answer for the
ment?
probability of drawing the yellow ball?
A. Nominal
A. impossible
B. Ordinal
B. unlikely
C. Interval
C. very likely
D. Ratio
D. certain
103. In a group of 12 students at a college,
98. Regression analysis is primarily used for 9 use Instagram. Five students are se-
data visualization. True or False? lected fromthis group of 12 and are asked
A. True whether or not they use Instagram. Is this
experiment abinomial experiment?
B. False
A. NO
99. The wildlife department has been feed- B. YES
ing a special food to rainbow trout fin-
gerlings in apond. Based on a large num- 104. This scale of measurement assumes equal
ber of observations, the distribution of distances between any two points starting
trout weights isnormally distributed with from an arbitrary zero.
a mean of 402.7 grams and a standard de- A. Nominal
viation 8.8 grams.What is the probability
B. Ordinal
that the mean weight for a sample of 40
trout exceeds 405.5grams? C. Interval
A. 1.0 D. Ratio
B. 0.3782 105. Respondents were asked, “Do you now
C. 0.5 earn more than or less than you did five
yearsago?” What is this level of measure-
D. 0.0222 ment?
100. Of the four types of variations, cyclical is A. Interval
the most difficult to predict. B. Ratio
A. True C. Nominal
B. False D. Ordinal

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1.1 BUSINESS STATISTICS 13

106. For a distribution of sample means con- A. 9-10 books


structed by sampling 5 items from a popu- B. 7-8 Books
lation of15,

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C. 5-6 Books
A. A. The sample size is 15
D. 3-4 Books
B. B The mean of the sample means will
be 3 111. The main purpose of inferential statistics
is to estimate a population characteristic
C. C. There will be 3, 003 possible sample
based on a sample.
means
A. TRUE
D. D. The standard error will be 1
B. FALSE
107. The lower and upper class limits are 20
and 30.The mid value of the class is 112. What do you do if there are two numbers
in “the middle” when you are finding the
A. 10
median?
B. 25
A. Pick your favorite number
C. 30
B. Add the two numbers in the middle &
D. 50 then divide by two.

108. Involves summarizing data or informa- C. They are both the median
tion in textual, graphical or tabular form D. None of the above
A. Organization 113. The collection of all individuals, items, or
B. Statistics data under consideration in a statistical
study.
C. Population
A. Constant
D. Interpretation
B. Population
109. Suppose a survey is taken of 300 high
C. Sample
school seniors out of a total 1, 000 seniors.
this group is probably a D. Variable
A. system 114. The formula to determine the number of
B. process classes given by strug’srule is which one
of the following
C. sample
A. K=1+3.322(logN)
D. population
B. K=(logN) 1.322
110. Which interval has the highest fre- C. K=1+3.222/logN
quency?
D. K=3.322/logN+1

115. Which of the following is an advantage


of using primary data?
A. Primary data is readily available and
inexpensive.
B. Primary data is already gathered and
can be easily accessed.

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1.1 BUSINESS STATISTICS 14

C. Primary data allows researchers to fo- C. The mean is always the largest value
cus on specific issues and collect more ac-
D. The mode is the largest value
curate information.
D. Primary data may have transcription 121. What is the formula to calculate relative
errors. frequency?
116. Find the mode from these test results:17, A. Relative frequency = Frequency /
19, 18, 17, 18, 19, 11, 17, 16, 19, 15, Sum of all frequencies
15, 15, 17, 13, 11.

NARAYAN CHANGDER
B. Relative frequency = Frequency *
A. 15 Sum of all frequencies
B. 11
C. Relative frequency = Frequency-Sum
C. 17 of all frequencies
D. 19
D. Relative frequency = Frequency +
117. What type of variable is the number of Sum of all frequencies
gallons of gasoline pumped by a filling sta-
tionduring a day? 122. It is the average of the given numbers
A. Qualitative and is calculated by dividing the sum of
given numbers by the total number of num-
B. Continuous bers.
C. Attribute
A. Mean
D. Discrete
B. Median
118. What is the mode?
C. Mode
A. # happening the most
D. None of these
B. the average
C. biggest-smallest 123. Deciles divide the total number of obser-
D. the middle # vations into how many parts?

119. The following numbers represent the A. 5


ages of people on a bus:3, 6, 27, 13, 6, B. 100
8, 12, 20, 5, 10. Calculate their mean of
their ages. C. 50
A. 11 D. 10
B. 6
124. A measure that provides information
C. 9
about the absolute value of the object be-
D. 110 ing measured is
120. What is the relationship among the mean, A. Nominal
median, and mode in a symmetric distribu-
B. Ordinal
tion?
A. They are all equal C. Interval
B. The mean is always the smallest value D. Ratio

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1.1 BUSINESS STATISTICS 15

125. Dr. Dre is a dentist. He needs to report 129. What is the class mark for the class inter-
on the average (Mean) number of cavities val 27-43?
that his patients have.1, 0, 1, 5, 0, 3, 4.

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A. 17
What is the average number of cavities?
B. 27
C. 35
D. 43
130. What is the purpose of a cumulative fre-
quency distribution?
A. To organize qualitative data
A. 14
B. To organize quantitative data
B. 2
C. To calculate relative frequencies
C. 7
D. To display stem-and-leaf plots
D. 1
131. A sample is
126. Which of the following statements is true
A. a subset of a population
about the regression line?
B. an infinite selection of a population
A. A regression line is also known as the
line of the average relationship C. a characteristic of a population

B. A regression line is also known as the D. a data value generated by the statisti-
estimating equation cal information

C. A regression line is also known as the 132. In Laspeyre’s price index number weight
prediction equation is considered as
D. All of the above A. quantity in base year
B. quantity during current year
127. What type of level measurement if data
C. prices in base year
recorded as labels or names, they have
no order, they can only be classified and D. prices in current year
counted?
133. This interview method is typically the
A. Nominal fastest way to collect data.
B. Ordinal A. The telephone interview
C. Interval B. Executive interview
D. Ratio C. mail survey
D. none of above
128. If two events A and B are mutually ex-
clusive, what does the special rule of addi- 134. What is the midpoint of the first class?
tionstate? A. 10
A. P(A or B) = P(A) + P(B) B. 20
B. P(A and B) = P(A) + P(B) C. 15
C. P(A and/or B) = P(A) + P(B) D. 30
D. P(A or B) = P(A)-P(B) E. 40

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1.1 BUSINESS STATISTICS 16

135. Statistics which is concerned with summa- 141. How many students have more than 1,
rizing values to describe group characteris- 000 songs on their MP3 player?
tics of the data.
A. Descriptive
B. Inferential
C. Parametric
D. Non Parametric

NARAYAN CHANGDER
136. Statistics is applicable to Business and
A. 5
Management
A. True B. 16

B. False C. 10
D. 4
137. Is a statistical procedure concerned with
describing the characteristics and proper- 142. That part of the population from which
ties of a group of persons, places or things information is collected.
A. Inferential Statistics A. Constant
B. Descriptive Statistics B. Population
138. To see the relationship between two vari- C. Sample
ables is it better to use a graph? D. Variable
A. Line Graph
143. Marshall-Edgeworth index number for-
B. Bar Graph mula is a weighted average of the
C. Circle Graph Laspeyres and Paasche indexes. True or
D. Graphics Ogive False?

E. Graphics Scatter A. True


B. False
139. at(and b) =
A. 1-at(A) + at(B) 144. in normal distribution what are the val-
ues of A.M, Median and Mode
B. at(a)-at(b)
C. at(a) q at(b)
D. at(a) + at(b)

140. Price Index Numbers measures the


changes in
A. relative changes in prices of commodi-
ties between two periods A. A.M MedianMode
B. Physical quantity of goods produced B. AM MedianMode
C. single variable C. AM =Median Mode
D. none of the above D. AM =Median = Mode

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1.1 BUSINESS STATISTICS 17

145. Match following levels of measurement 151. is the maximum of a parameter and the-
with the examples:Race or Ethnicity actual value of the parameter.

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A. Nominal A. maximum error of estimate
B. Ordinal B. maximum error of value
C. Interval
152. Time series data have a total number of
D. Ratio components?

146. The first step in solving a Business Statis- A. 2


tics problem is to B. 3
A. Analyze the data C. 5
B. Interpret the data D. 4
C. Collect the data
153. We can measure the cause and effect re-
D. Present the data lationship by

147. Variables which can take all the pos- A. Time series analysis
sible values in a given specified range B. Correlation analysis
aretermed as:
C. Regression analysis
A. Continuous Variables
D. Cross-sectional analysis
B. Discrete Variables
154. The diagram shows eight cards with dif-
148. The central tendency example of BEREN- ferent letters. Find the number of ways to
SON, LEVINE, SZABAT is related to arrange all the cards without repetition of
A. People height letters.
B. Calories in breakfast
C. Nap minutes
D. Number of migraines A. 8
149. Probability of 53 sundays in a leap year B. 1
is C. 40320
A. 1/7 D. 40340
B. 2/7
155. Selects every kth element in the popula-
C. 3/7 tion for the sample, with the starting point
D. 1 determined at random from the first k ele-
ment.
150. Line graphs are used to show the re-
A. Simple Random Sampling
lationship between two continuous vari-
ables. True or False? B. Systematic Sampling
A. True C. Stratified Sampling
B. False D. Cluster Sampling

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1.1 BUSINESS STATISTICS 18

156. Range is the difference between the 2 ex- A. 30 people


treme scores in the distribution
B. 60 people
A. true
C. 38 people
B. false
D. None of these
C. Maybe
D. Sometimes 161. Coefficient of correlation will be always
will always be

NARAYAN CHANGDER
157. A bag contains 5 red marbles and 4 pink
marbles. A marble is randomly drawn and A. More than 0
then replaced. What is the probability the B. More than-1
first marble is pink and the second is red?
C. More than 1
A. 26.9%
D. Between-1 and 1
B. 24.7%
C. 20.0% 162. Inferential statistics involves
D. 5% A. collection, presentation, and descrip-
tion of sample data
158. Interquartile Range is
B. the technique of interpreting the val-
A. IQR = Q1 − Q2 ues resulting from the descriptive tech-
B. IQR = Q2 − Q1 niques and making decisions and drawing
conclusions about the population
C. IQR = Q3 − Q1
D. IQR = Q1 − Q3 C. attempting to provide incorrect infor-
mation and provide misleading graphs
159. The total area under the normal distribu-
D. using information, numbers, and
tion curve is
graphics even when data can’t be col-
A. 1 lected
B. 100%
163. In how many ways 4 books can be ar-
C. 0.5 ranged in book shelf in a row?
D. 0
E. Either one of the first two options is
correct

160. people were surveyed about their


favourite ice cream. How many chose
Kesar Pista?

A. 32
B. 24
C. 9
D. 16

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1.1 BUSINESS STATISTICS 19

164. Find the mean of these numbers:5, 11, 2, A. 0.916005


12, 4, 2 B. 9.160054

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A. 4.1
C. 91.60054
B. 6
D. None of these
C. 4.5
170. Represents count data such as number of
D. 4
students in a class, number of detective
165. Which one of the following is a spread- items in a box, number of highway fatali-
sheet application? ties in a year in a given province
A. Microsoft Word A. Continuous Data
B. Microsoft Powerpoint B. Discrete Data
C. Microsoft Excel C. Variable
D. Microsoft Outlook D. Data

166. If a=100, b=-0.5 and Price is 10, What 171. How many red cards are in a standard
is the demand? deck of cards?
A. 105
B. 95
C. 90
D. 85

167. According to the central limit theorem,

A. 16
A. Increasing sample size decreases the
dispersion of the sampling distribution B. 20
B. The sampling distribution of the sam- C. 26
ple means is uniform D. 13
C. Sample size is important when the pop-
ulation is not normally distributed 172. Dr. Dre is a dentist. He needs to report
on the average number of cavities that his
D. The sampling distribution of the sam- patients have.1, 0, 1, 5, 6, 3, 4
ple means will be skewed

168. In which type of cumulative frequency


distribution, the values (classes) are ar-
ranged in ascending order of magnitude?
A. Less Than
B. More Than
A. 3.33
169. FOR A DISTRIBUTION, MEAN = 345.45, B. 2.85
MEDIAN = 233.85 AND STANDARD DE-
VIATION = 36.55, THE COEFFICIENT OF C. 3
SKEWNESS IS D. 3.5

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1.1 BUSINESS STATISTICS 20

173. What is the area under the normal curve A. Standard Deviation
between z = 0.0 and z = 1.79? B. Variance
A. 0.9599 C. Coefficient of Variation
B. 0.0401 D. None of the above
C. 0.4633
179. What is the formula of Karl’s Pearson
D. 0.0367
Measures of Skewness?
x−Md

NARAYAN CHANGDER
174. Percentage bar diagram has: A. σ
A. equal width Q3 +Q1 −2Md
B. Q3 −Q1
B. data expressed in percentage Q3 −Q1
C. 2(P90 −P10 )
C. equal interval
x−Mo
D. σ
D. equal width and equal interval

175. What is the median of 26, 30, 24, 32, 180. Divided bar chart is considered for
32, 31, 27, and 29? A. Comparing different components of a
A. 32 variable

B. 29 B. The relation of different components


to the table
C. 30
C. A or B
D. 29.5
D. A and B
176. Which of the following will be affected
by extreme value 181. I f ∑ xy = 225, ∑ x2 = 360, ∑ y2 =
250 and n = 12,
A. Mean
A. 75
B. Median
B. 7.5
C. Mode
C. 0.75
D. Standard deviation
D. 0.075
E. Range
182. Is an estimate of a parameter
177. Statistics is the study of groups not indi-
viduals. A. Parameter
A. True B. Population
B. False C. Sample
D. Statistic
178. Which one of the following is a relative
measure of Dispersion? 183. Scores that differ greatly from the mea-
sures of central tendency are called
A. Raw Scores
B. Best Scores
C. Extreme Scores
D. None of the above

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1.1 BUSINESS STATISTICS 21

184. If Assignment 1 mark is normally dis- C. Income


tributed with a mean of 60 and a standard D. Height
deviation of 20, the z-value for a student

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who gets 85 for his/her assignment: 189. What is regression analysis?
A. Z = 1 A. Regression analysis is a statistical
B. Z =-2 method used to model the relationship be-
tween a dependent variable and one or
C. Z = 1.25 more independent variables.
D. Z =-1.5 B. Regression analysis is a process used
E. Z = 0 to determine causation between vari-
ables.
185. Coefficient of correlation will be always
C. Regression analysis is a technique
will always be
used to predict future outcomes based on
historical data.
D. Regression analysis is a method used
to analyze the relationship between two
or more dependent variables.
190. What shape is a normal distribution
curve?
A. More than 0
A. Half curve
B. More than-1
B. Round curve
C. More than 1
C. Bell curve
D. Between-1 and 1
D. Square curve
186. THE STANDARD DEVIATION OF A POPU-
LATION DIVIDED BY ITS MEAN AND MUL- 191. By taking a level of significance of 5% it
TIPLIED BY 100 RESULTS INTO is the same as saying
A. STANDARD SCORE. A. We are 5% confident the results have
not occurred by chance
B. VARIANCE.
B. We are 95% confident the results have
C. COEFFICIENT OF VARIATION. not occurred by chance
D. NONE OF THESE C. We are 95% confident the results have
187. A pie chart shows the occurred by chance
A. Frequency in each class D. We are 5% confident the results have
occurred by chance
B. Proportion in each class
C. Trends in the data 192. Identify the Sample:A restaurant wants
to know if customers buy dessert when
D. Class intervals they eat out. As people leave the restau-
188. Which of the following is an example of rant one evening, 20 people are surveyed
a qualitative variable? at random. Eight people say they usu-
ally order dessert when they eat out. The
A. Age restaurant concluded that most customers
B. Gender do not order dessert.

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1.1 BUSINESS STATISTICS 22

A. 20 customers 197. a parameter that is an interval or range


B. All customers of values use to estimate the parameter.

C. 8 customers A. Interval Estimate


D. Dessert B. Confidence Intervals

193. What percentage of the data is between 198. Pie charts are useful for displaying the
90 and 140? proportions of different categories within
a whole. True or False?

NARAYAN CHANGDER
A. True
B. False
A. 25 %
199. What type of variable is the number of
B. 50%
car accidents reported in your city?
C. 75%
A. Attribute
D. 100%
B. Continuous
194. The steps of statistical investigation in-
C. Discrete
clude all the following EXCEPT:
D. Qualitative
A. Collection
B. Organization 200. It is associated with a confidence inter-
C. Dictation val which states how much confidence we
have that true population parameter.
D. Interpretation
A. Confidence level
195. is a set of methods used to organize
and display data with tables, graphs, or B. Confidence Intervals
measurements
201. estimate the value for 1980y=45+2.5x
A. Inferential statistics year of origin is 1996 to 1999 so (a)
B. Descriptive statistics +2.5x
C. Applied statistics. A. a 52.5
D. none of above B. 42.9
196. The time taken for each customer to C. 53.5
buy a product from a store is normally Explanation:2.5(x+3)
distributed. The mean time is 16 min- D. none of above
utes while standard deviation is 4 minutes.
Then from 100 customers, how many cus- 202. Population Variance
tomers will spend time less than 10 min-
Σ(µ +xi )2
utes in the store? A. σ 2 = N
A. 6 Σ(xi −µ )2
B. σ 2 = N
B. 10 Σ(xi −x)2
C. σ 2 = n−1
C. 12
Σ(xi +x)2
D. 14 D. σ 2 = n−1

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1.1 BUSINESS STATISTICS 23

203. A coin is tossed and then a regular 6- D. allows probing and follow up-
sided die is rolled. What is the probabil- questions.
ity of the resulting outcome being (tails,

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even)? 207. It is the average value or mean which sig-
nifies the central tendency of the set of
numbers by finding the product of their val-
ues.
A. Weighted Average Mean
B. Geometric Mean
C. Harmonic Mean
D. Arithmetic Mean

208. While calculating the standard deviation,


the deviations are only taken from
A. The quartile value of a series
B. The mode value of a series
A. 1/2 C. The median value of a series
B. 1/12 D. The mean value of a series
C. 1/6
209. Arithmatic Mean In Individual series for-
D. 1/4 mula
204. Mean deviation can never be A. ∑
A. positive B. ∑
B. negative C. ∑
C. zero D. ∑
D. one 210. What is the range?
205. Represents measured data such as A. The sum of the largest and smallest
heights, weights, temperatures, distances, number
or life periods B. The number in the middle
A. Discrete Data C. The difference between the largest
B. Continuous Data and smallest number
C. Data D. The number that appears most often
D. Variable 211. Data which is the result of calculating or
measuring the attributes of a population.
206. All of the following are advantages of us- For example; The amount of money, pulse,
ing questionnaires to collect data EXCEPT: weight, number of people living in your
A. quick turnaround time. city, and number of students taking statis-
B. can be administered to groups. tics.

C. ease of data analysis for closed-ended A. Qualitative Data


items. B. Data Kualitatif

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1.1 BUSINESS STATISTICS 24

C. All True
D. Numerical Data

212. A number is chosen at random from the


set S = {1, 2, 3, 4, 5, 6, 7, 8, 9, 10}. Find
the probability that the number is an odd
number or a prime number.
A. 1/2

NARAYAN CHANGDER
B. 3/5
A. 1/2
C. 2/5
B. 1/7
D. 9/10 C. 2/15
213. What is the mode? 100, 101, 102, 100, D. 2/17
101, 102, 100, 101, 102, 100
217. We can say not only that one object is
A. 100 greater or less than another
B. 102 A. Nominal
C. 101 B. Ordinal

D. 103 C. Interval
D. Ratio
214. The relative measures of dispersion are
218. Find the mode:3.8, 4.2, 4.0, 4.2, 4.2
A. Co-efficient of Q.D
A. 4.2
B. Co-efficient of M.D
B. 3.8
C. Co-efficient of S.D C. 4.0
D. All the above D. 4

215. An infinite population is one that 219. Which scatter plots shows a strong neg-
ative relationship between two variables
A. can be physically listed
B. the membership in the population is
unlimited A.
C. ends abruptly due to artificial interven-
tion, such as treating with an antibiotic
D. ends abruptly due to natural causes,
B.
such as a flood or the ice age

216. There are 3 red marbles, 4 blue marbles,


2 green marbles, and 6 clear marbles in a
burlap bag. One marble is randomly pulled C.
from the bag. What is the probability the
marble was green?

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1.1 BUSINESS STATISTICS 25

A. Mode
D. B. Median

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C. Mean

220. Consider the scores of the top 10 quali- D. None of these


fiers for a scholarship:92, 93, 95, 90, 89,
225. Find the mean of the numbers:2, 4, 5, 5,
92, 94, 95, 91 and 96. What is the range
6, 8
of the scores?
A. 6 A. 5

B. 7 B. 4

C. 8 C. 3
D. 9 D. 2

221. is the range of the value of the test value 226. Laspeyres’ index number formula consid-
that indicates that there is significant dif- ers the base year quantities. True or
ference and that the null hypothesis should False?
be rejected.
A. True
A. Critical or rejection region
B. False
B. Non-critical or non-rejection region
227. What type of variable is the number of
222. For a normal distribution, what is the auto accidents reported in a given month?
likelihood (expressed as a percentage)
that arandom variable is within plus and A. Interval
minus two standard deviations of the B. Ratio
mean?
C. Continuous
A. 34.13%
D. Discrete
B. 95.44%
C. 68.26% 228. temperatures of 22 selected refrigera-
tors
D. 99.74%
A. Nominal
223. The weekly incomes of a large group of
executives are normally distributed with B. Ordinal
a meanof $2, 000 and a standard devia- C. Interval
tion of $100. What is the z-score for an
D. Ratio
income of $2, 100?
A. 2.00 229. What is the key feature of a symmetric
B. 1.683 histogram?

C. -0.90 A. Skewed to the right


D. 1.00 B. Skewed to the left
C. Uniform distribution
224. It is the middle value of the given list of
data when arranged in an order. D. No specific pattern

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1.1 BUSINESS STATISTICS 26

230. This method involves dividing the popula- 235. Find the mean of tossing 4 coins
tion into subgroups or strata and selecting A. 1
a random sample from each stratum.
B. 2
A. Quota Sampling
C. 3
B. Judgement Sampling D. 4
C. Convenience sampling 236. All college students living in the state of
D. Stratified Random sampling Arkansas is an example of

NARAYAN CHANGDER
A. sample
231. Which word is NOT part of the definition
of descriptive statistics? B. population
C. statistical study
A. Organizing
D. none of above
B. Analyzing
237. If P(A) = 1/5, P(B) = 0, then what will
C. Presenting be the value of P(A|B)?
D. Predicting A. 0

232. Indicate which of the following variables B. 1


are quantitative and continuous. C. Not defined
A. Women’s favorite TV programs D. 1/5

B. Salaries of football players 238. What is the ‘highest’ level of measure-


ment?
C. Number of pets owned by families
A. Nominal
D. Favorite breed of dog for each of 20
B. Ordinal
persons
C. Interval
233. It is a type of sampling technique that D. Ratio
needs randomness
239. Find the mode for the following list of val-
A. Probability Sampling ues:13, 18, 13, 14, 13, 16, 14, 14, 13
B. Non Probability A. 13
C. Kavimc B. 14
D. Quota C. 16
D. 18
234. The members of each basketball team
wear numbers on their jerseys. What 240. What two animals received the same
scale ofmeasurement are these numbers amount of votes?
considered?
A. Nominal
B. Ordinal
C. Interval
D. Ratio

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1.1 BUSINESS STATISTICS 27

A. Alligators A. Qualitative
B. Penguins B. Quantitative

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C. Zebras C. Interval
D. Bears D. Ratio

241. Combined arithmetic mean X n 246. The value of the correlation is always
(n +n + +nk )(X1 +X2 + +Xk ) A. 1
A. 1 2 n
n1 X1 +n2 X2 + +nk Xk B. 0
B. n1 +n2 + +nk
C. -1
n1 X1 +n2 X2 + +nk Xk
C. n D. lies between-1 and 1
X1 +X2 + +Xk
D. n1 +n2 + +nk
247. What is the key feature of a negatively
242. Pin code is an example of scale of skewed histogram?
measurement? A. Skewed to the right
A. Nominal B. Skewed to the left
B. Ordinal C. Uniform distribution
C. Ratio D. No specific pattern
D. Interval
248. The general process of gathering, orga-
243. Which of the following refers to the nizing, summarizing, analyzing, and inter-
MOST frequently occurring number in dis- preting data is called
tribution A. statistics
A. mean B. descriptive statistics
B. median C. inferential statistics
C. mode D. levels of measurement
D. range
249. The Mann-Whitney U test is preferred to
244. Isaac Newton is trying to figure out the a t-test when
law of gravity. He drops apples from var- A. Sample sizes are small
ious heights and records the time it takes
for each to hit the ground. What kind of B. Data are paired
data collection is he using? C. Samples are smaller
A. Census D. Assumption of normality is not met
B. Direct Observation
250. Kasia has these items in her kitchen cabi-
C. Experimental net 2 cans of tomato soup 3 cans of chicken
D. Surveying soup 2 cans of cheese soup 2 cans of
potato soup 1 can of beef soupTwo cans
245. The names of the positions in a corpora- of soup are chosen without replacement.
tion, such as chief operating officer or con- What is the probability of choosing a can of
troller, are examples of what type of vari- tomato soup followed by a can of cheese
able? soup?

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1.1 BUSINESS STATISTICS 28

A. 2/5 256. What is the formula for for Mean by as-


B. 2/45 sumed mean method?

C. 1/25 A. fx/n

D. 1/5 B. A+fx/n
C. AM+Sigma fd/n
251. The Central Limit Theorem says that the
D. AM-Sigma fd/n
standard deviation of the sampling distri-
bution of the sample means is 257. the scores in a basketball match are as

NARAYAN CHANGDER
A. equal to the population standard devia- follows:7, 13, 18, 24, 9, 3, 18 which
tion divided by the square root of the sam- score occurred most often?
ple size. A. 9
B. close to the population standard devi- B. 13
ation if the sample size is large. C. 18
C. exactly equal to the standard devia- D. 24
tion.
D. none of above 258. Calculated Average is
A. Median
252. Cumulative percentage is used to con-
B. Mode
struct
C. Geometric Mean
A. scatter plot
D. Dispersion
B. histogram
C. ready card 259. The standard deviation of a set of num-
bers is zero. Which of the following must
D. pie chart be true?
253. Microsoft Excel is a spreadsheet soft- A. Some of the values are negative and
ware some are positive
A. True B. All the values must be zero
B. False C. Some values must be zero
D. All values must be equal
254. the rejection region is divided into two
equal parts 260. A commuter travels many miles to work
A. one-tailed test each morning. She has timed this trip 5
timesduring the last month. The time (in
B. two-tailed test
minutes) required to make this trip was
255. Which of the following are common rea- 44, 39, 41, 35, and 41. The mean time re-
sons for studying both secular trends and quired for this trip was 40 minutes.What
seasonal variations: is the variance for this sample data?
A. To describe past patterns A. 8.8
B. To allow the elimination of the compo- B. 11
nent from the series C. 0
C. To project past patterns into the future D. 3
D. All the above E. -2

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1.1 BUSINESS STATISTICS 29

261. A continuous random variable is a ran- A. Null hypothesis


dom variable that: B. Alternative hypothesis

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A. can assume an infinite number of val-
267. If information is collected from ALL in a
ues between adjacent units on a scale.
population and a sample is not used, that
B. has a finite number of possible out- is a
comes that can be listed.
A. statistical survey
C. for which no values are possible be-
B. census
tween adjacent units on the scale.
C. population
D. that can assume a fixed number of val-
ues between adjacent units on a scale. D. cluster sampling method

262. Intersection of cumulative frequency de- 268. What is the range?


notes A. average
A. Mean B. biggest-smallest
B. Median C. the middle #
C. Mode D. # happening the most
D. Range 269. The positional measure of central ten-
dency is
263. Which of the following is an example of
quantitative data? A. Mean

A. The color of your car B. Median


C. GM
B. A person’s state of residence
D. Dispersion
C. A person’s Zip Code
D. A Person’s Height 270. Suppose the income per capita in Vietnam
is a normal distribution with a mean of
264. data is collected by the investigator $250 and a standard deviation of $300.
himself P(200 < X < 600) is closest to.
A. Primary A. 0.56247
B. Secondary B. 0.44453
C. 0.33676
265. The objective of the transportation prob-
lem which is to be maximized is to D. 0.65561
A. maximize the total profit. E. 0.24225
B. minimize the total loss. 271. A population consists of all the weights
C. neither maximize nor minimize. of all defensive tackles on a university’s
footballteam. They are Johnson, 204
D. optimal cost. pounds; Patrick, 215 pounds; Junior, 207
266. Symbolized by Ho, is astatistical hypoth- pounds; Kendron, 212 pounds; Nicko, 214
esis testing that assumes that the observa- pounds; and Cochran, 208 pounds. What
tion is due to a chance factor. which shows is the populationstandard deviation (in
that there is no difference between the pounds)?
two population means (or parameters). A. About 100

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1.1 BUSINESS STATISTICS 30

B. About 16 278. What is hypothesis testing?


C. About 40 A. Hypothesis testing is a method used to
D. About 4 prove a hypothesis with 100% certainty.
B. Hypothesis testing is a method used to
272. What is the standard deviation for the
estimate population parameters.
data given:5, 10, 7, 12, 0, 20, 15, 22, 8,
2 C. Hypothesis testing is a statistical
A. 6.89 method used to make inferences or draw

NARAYAN CHANGDER
conclusions about a population based on
B. 10.1 sample data.
C. 7.26
D. Hypothesis testing is a method used to
D. 9 analyze qualitative data.
273. Index number is always expressed in 279. Data that is the result of grouping or de-
A. Ratio scribing the attributes of a population. For
B. Percentage example, hair color may be black, dark
brown, light brown, blonde, gray, or red.
C. Proportion
A. Qualitative Data
D. None of the above
B. Data Kualitatif
274. Classification based on time is
C. All True
A. Qualitative classification
D. Numerical Data
B. Quantitative classification
C. Chronological classification 280. Which sampling method consist of you
D. Geographical classification first dividing the population first into sub-
groups?
275. The word ‘Statistics’ is of European Ori-
A. simple random sampling
gin.
B. cluster sampling
A. True
B. False C. stratified sampling
D. convenience sampling
276. A company makes DVDs and randomly se-
lects 25 from 1500 to test them to see if 281. Descriptive Statistics are used to make
they work. predictions
A. Biased A. True
B. Unbiased
B. False
277. What type of level measurement of the
following example?the list of top ten 282. To find the average of a set of numbers,
states for best business climate add up all the items and divide by

A. Nominal A. 2.
B. Ordinal B. The smallest number
C. Interval C. The largest number
D. Ratio D. The number of items in the set.

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1.1 BUSINESS STATISTICS 31

283. Secular trends represent the long-term di- 289. Variance is


rection of a time series
A. a measure of the average, or central

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A. True value of a random variable
B. False B. a measure of the dispersion of a ran-
dom variable
284. What is the range of the numbers25, 14,
7, 49, 31, 5, 7? C. the square root of the standard devia-
tion
A. 7
D. the sum of the squared deviation of
B. 14 data elements from the mean
C. 44
290. How many students spent 7 hours doing
D. 49
homework that week?
285. Which one of the following is referred to
as the population mean?
A. m
B. s
C. p
D. h A. 1
B. 3
286. Nature of Statistics
C. 5
A. it is an art
D. 6
B. it is a science
C. both art and science 291. Simple regression involves finding a line
of best fit for a set of data points. True or
D. neither science nor an art
False?
287. Which of the following is the most appro- A. True
priate example of a discrete random vari-
able? B. False

A. Distance 292. Short cut method of Arithmatic mean un-


B. Height der Discrete Series formula is

C. Age A. A+ Σ
D. Weight B. fd/N
C. A+ Σ
288. When you employ somebody giving them
a wage then you are an- D. Σ
A. Employer 293. A population is the entire group from
B. employee which we can draw conclusions.
C. Service provider A. True
D. Service holder B. False

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1.1 BUSINESS STATISTICS 32

294. What was the most popular party type? 299. THE SUM OF DEVIATIONS TAKEN FROM
ARITHMETIC MEAN IS
A. MINIMUM
B. ZERO
C. MAXIMUM
A. Bowling D. NONE OF THE ABOVE

NARAYAN CHANGDER
B. Skating
300. What is the median of 26, 30, 24, 32,
C. Dancing 32, 31, 29, & 27?
D. Total A. 32

295. Pie diagram is used for B. 29.5

A. Representing qualitative data in a cir- C. 28.9


cle D. none of above
B. Representing quantitative data in a cir-
301. What cumulative frequency should be
cle
used in solving for the Q3
C. Comparing different components and
their relation to the total
D. A or B

296. Which is not included as a quantitative


variable?
A. balance in your checking account
B. the life of a car battery
C. state of birth of the employee A. 53
D. the number of people employed by a B. 43
company C. 28
297. What is the median of this data set? 7, D. 24
9, 7, 8, 3, 2, 3, 9, 6
302. Coefficient of Variance
A. 6 Mean
A. SD
B. 3 ( Variance )
B. Mean × 100 %
C. 7 ( SD )
D. 8
C. Mean × 100 %
( Variance )
D. SD × 100 %
298. In which type of class intervals, the up-
per limits of each class are excluded from 303. It is the value of a sample statistic that is
the respective classes? used toestimate a population parameter.
A. Inclusive Type A. point estimate
B. Exclusive Type B. sample statistic

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1.1 BUSINESS STATISTICS 33

304. If the quartiles Q 1 = 36.27, Q2 = 308. Which statement is correct when describ-
44.27 and Q3 = 58.97 ing a standardized normal distribution?

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A. At least half of the customers spent A. A standardized normal distribution is
less than or equal to $44.27 and at least known as z-distribution, which has a mean
half spent greater than or equal to $44.27 of µ σ
B. Most of the customers spent $44.27 B. A standardized normal distribution is
C. Fifty percent of the customers spent known as t-distribution, which has a mean
between $36.27 and $58.97 of 0 and a standard deviation of 1.

D. Twenty five percent of the customers C. Values above the mean have positive
spent greater than or equal to $58.97 z-values and values below the mean have
negative z-values.
305. Which of the following are characteristics D. None of the above
of a normal distribution? Select all the cor-
rect answers 309. Measures the variability of a distribution
A. Bell-shaped using the minimum and maximum value

B. Asymmetrical A. Mean

C. Mean = Median = Mode B. Median

D. Data value center at the sample mean C. Mode

E. Spread is determined by the sample D. Range


standard deviation 310. Methods of collecting primary data
306. What is the minimum value? A. Newspapers and magazines
B. Direct personal investigation, Ques-
tionnaire method
C. Information through correspondents,
Official publications of central govt or
A. 64 state govt
B. 58 D. A and B
C. 66 E. B and C
D. 60
311. What is the semi-interquartile range for
307. WHICH OF THE FOLLOWING STATE- the numbers 17, 26, 30, 8, 12?
MENTS IS NOT CORRECT IN RESPECT OF A. 9
THE RANGE AS A MEASURE OF DISPER-
SION? B. 10
A. IT IS DIFFICULT TO CALCULATE. C. 18

B. ONLY TWO POINTS IN THE DATA SET D. 28


DETERMINE IT. 312. The corner convenience store sells candy
C. IT IS AFFECTED BY EXTREME VALUES. bars at 4 for $2.91. At this price, how
D. THERE MAY BE CONSIDERABLE much would the store charge for 3 candy
CHANGE IN IT FROM ONE SAMPLE TO bars?
ANOTHER. A. $0.73

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1.1 BUSINESS STATISTICS 34

B. $1.11 317. Which of the following is an example of


C. $1.99 a discrete random variable?
D. $2.18 A. Number of students on roll in a college.
B. Height of students in a club.
313. If the price of a commodity is Rs. 40 in
the base year and Rs. 50 in the current C. The daily temperature for the past
year, then the price has increased by month.
A. 110% D. Weight of the students in my class.

NARAYAN CHANGDER
B. 125% 318. For the following distribution:What is the
C. 10% variance of the distribution?
D. 25%
314. In construction of frequency distribution,
we generally use classes of
A. Unequal width
B. equal width
C. both
D. None
315. What is the probability you spin some-
thing greater than 10
A. 2.1
B. 0.364
C. 1.000
D. 0.132

319. An experiment is
A. a planned activity whose results yield
a set of data
B. a numerical value that summarizes all
A. 5 of the data of an entire population
B. 3/10 C. the set of values collected from the
C. 10/15 variable from each of the elements that
belong to the sample
D. 3/8
D. A numerical value summarizing the
316. the value which divide the given data in sample data
four equal parts is known as
320. Is a science that deals with the collection,
A. Quartile presentation, analysis, and interpretation
B. Decile of quantitative data
C. percentile A. Collection
D. median B. Statistics

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1.1 BUSINESS STATISTICS 35

C. Analysis
D. Interpretation

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321. The co-efficient of range of the data is
Range
A. L+S
B. L + S
C. L − S
D. LS
A. Leaning Left
322. Which of the following is NOT a sec- B. Symmetrical
ondary source data?
C. Tilt Right
A. web log
D. none of above
B. survey
C. books 326. Which of the following is a secondary
data collection method
D. journals
A. Schedules
323. Predicting future outcomes based on his- B. Questionnaire
torical data is called Forecasting
C. Government Records
A. True
D. Interviews
B. False
327. Find the mode from these test results:90,
324. What is the purpose of regression analy- 80, 77, 86, 90, 91, 77, 66, 69, 65, 43,
sis? 65, 75, 43, 90.
A. The purpose of regression analysis is A. 43
to analyze and predict the relationship be-
tween variables. B. 77

B. The purpose of regression analysis is C. 65


to calculate the mean of a dataset. D. 90
C. The purpose of regression analysis is
328. The probability that tomorrow will be a
to identify outliers in a dataset.
rainy day is 0.48. The probability tomor-
D. The purpose of regression analysis row will be a windy day is 0.3. The prob-
is to determine causation between vari- ability that it will rain and be windy to-
ables. morrow is 0.14. What is the probability
it will be windy or rainy tomorrow? (Two
325. Look at the following picture and match decimal places)
the following statements correctly. A
symmetric distribution in which the mean, A. 0.78
median, and mode are equal to each B. 0.44
other, and both halves of the distribu-
C. 0.48
tion are mirror images of each other, is a
distribution D. 0.64

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1.1 BUSINESS STATISTICS 36

329. and are types of measures of dis- 334. What is the mean?4, 5, 6, 7, 3, 4, 10, 1
persion
A. 7
A. Nominal, Real
B. 4.5
B. Nominal and Relative
C. 5
C. Real and Relative
D. 8
D. Absolute and Relative
335. The harmonic mean of 0.5 and 0.25

NARAYAN CHANGDER
330. Multiplication Law
A. 0.33
A. P (A ∩ B) = P (B) P (A |B|)
B. P (A ∩ B) = P (B |A|) P (A) B. 0.22

C. P (A ∩ B) = P (A) P (A |B|) C. 0.11

D. P (A ∩ B) = P (B) P (B |A|) D. 0.01

331. This is the lowest level of measurement. 336. Which of the two situations below is an
example of systematic sampling?
A. Nominal
B. Ordinal A. 6th, 9th, 12th, 15th, 18th, 21th, 24nd,
27th, and so forth.
C. Interval
B. 6th, 9th, 12th, 5th, 8th, 21th, 15nd,
D. Ratio 27th, and so forth.
332. A discrete variable
337. Please choose the correct distribution
A. is a qualitative variable that character- rules of a normal distribution:
izes, describes, or names an element of a
A. µ ± 2σ ≈ 68.26%
population
B. µ ± σ ≈ 95%
B. is a qualitative variable that incorpo-
rates an ordered position, or ranking C. µ ± 2σ ≈ 95%
C. a quantitative variable that can as- D. µ ± 3σ ≈ 99.73%
sume a countable number of values, in
other words, there is a gap between any 338. A distribution for which the mean is more
two values than the median is said to be
D. a quantitative variable that can as- A. bimodal
sume an uncountable number of values,
B. symmetrical
in other words, it includes every possible
value between any two values C. positively skewed

333. What is the formula for Coefficient of D. negatively skewed


Range?
339. Standard deviation measures the disper-
A. (L+S)/(L-S) sion of data around the mean. True or
B. L-S False?
C. (L-S)/(L+S) A. True
D. (L-S)X(L+S) B. False

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1.1 BUSINESS STATISTICS 37

340. Age of a person is a 345. WHICH OF THE FOLLOWING IS PRIMARY


DATA?
A. An attribute

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A. CENSUS OF POPULATION DATA
B. A discrete variable
B. WHOLESALE PRICE INDEX NUMBER
C. A continuous variable
C. STATISTICS CONTAINED IN AN OFFI-
D. None
CIAL PUBLICATION SUCH AS THE RE-
341. Variables which are numerical in nature SERVE BANK OF INDIA BULLETIN

A. Dichotomic D. DATA COLLECTED THROUGH YOUR


OWN FIELD SURVEY
B. Polynomic
C. Qualitative 346. What are the measures of central ten-
dency used in descriptive statistics?
D. Quantitative
A. range, variance, and standard devia-
342. Descriptive statistics involves tion
A. collection, presentation, and descrip- B. minimum, maximum, and sum
tion of sample data C. mean, median, and mode
B. the technique of interpreting the val- D. mean, median, and mode
ues resulting from the descriptive tech-
niques and making decisions and drawing 347. The methods used to measure central ten-
conclusions about the population dency are
C. attempting to provide incorrect infor- A. Standard deviation
mation and provide misleading graphs
B. Median
D. using information, numbers, and
graphics even when data can’t be col- C. Quartiles
lected D. Mean

343. Find the mean for the following set of E. Mode


data:65, 72, 54, 48, 60, 68, 79round
your answer to the nearest whole number 348. is used to determine the confidence inter-
vals of the mean.
A. 60
A. standard normaldistribution
B. 62
B. standard deviation
C. 64
D. 66 349. CLUE:Mean and Standard Deviation of
the Binomial DistributionAccording to a
344. What is the formula for Median? Pew Research Center survey released on
May 12, 2015, 22.8% of U.S. adults
A. l + h( f 1 − f o)/(2 f 1 − f o − f 2) donot have a religious affiliation (Time,
B. l + ((h/ f ) ∗ (N/2 − c)) May 25, 2015). Assume that this result
is true for the currentpopulation of U.S.
C. f x/n
adults. A sample of 50 U.S. adults is ran-
D. f d 2 /n domly selected. Let x be the numberof

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1.1 BUSINESS STATISTICS 38

adults in this sample who do not have a re- 354. All of the following are data collection
ligious affiliation. Find the mean and stan- methods EXCEPT:
darddeviation of the probability distribu- A. interview
tion of x.
B. observation
A. 11.4 AND 2.9666
C. sample
B. 12.4 AND 2.9666
D. survey
C. 13.4 AND 2.9666

NARAYAN CHANGDER
355. Mode= l +h (f1-fo)/(2f1-fo-f2) In this
D. 14.4 AND 2.9666
formula f1 stands for
350. Which one of the following is the mini- A. Frequency of Modal Class
mum root mean-square deviation B. Cumulative Frequency of Modal Class
A. Range C. Frequency of preceding Class
B. Quartile deviation D. Frequency of succeeding Class
C. Mean deviation
356. Poisson distribution is used to model con-
D. Standard deviation tinuous data. True or False?

351. First quartile is also known as A. True


B. False
A. Lower quartile
B. Upper quartile 357. Statistics is defined in terms of numerical
data in the
C. Median
A. Singular sense
D. Geometric Mean
B. Plural sense
352. A bag contains 5 purple marbles, 3 green C. Either (a) or (b)
marbles and 2 orange marbles. Two mar-
bles are drawn without replacement, what D. Both (a) and (b)
is the probability that both marbles drawn Explanation:It is defined in both singular
are purple? and plural sense

A. 2/9 358. A sample is the specific group from which


data is collected
B. 1/2
A. True
C. 1/3
B. False
D. 1/4
359. What type of level measurement of the
353. Which one is a discrete variable following example?classifying M&M can-
A. Number of cellphones in the household dies by color
B. Monthly data usage (in MB) A. Nominal

C. Voice usage per month (in minutes) B. Ordinal

D. Whether the cellphone is used for C. Interval


email D. Ratio

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1.1 BUSINESS STATISTICS 39

360. THE SQUARE OF THE VARIANCE OF A DIS- B. Continuous


TRIBUTION IS THE C. Quantitative

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A. ABSOLUTE DEVIATION. D. Qualitative
B. MEAN.
366. Index Numbers are generally computed
C. STANDARD DEVIATION. on
D. NONE OF THESE A. Weekly Basis
361. Variation in the business cycle is an ex- B. Monthly Basis
ample
C. Quarterly Basis
A. Cyclical Variation
D. As Desired Basis
B. Seasonal Variation
367. Mrs. Boyd wants to find the average
C. Secular trend
height of all her students in her classes.
D. Irregular variation She decides to use the first 5 people who
walk in the door. Is this a good represen-
362. What is the mean? tative sample?
A. # happening the most A. Yes
B. the number in the middle B. No
C. biggest-smallest
368. A statistics student made the following
D. the average grades on 5 tests:84, 78, 88, 78, and
363. Determine the mean of the numbers 24, 72.What is the mean grade?
19, 11, 0, 17, 19 A. 78
A. 15 B. 80
B. 18 C. 72
C. 19 D. 84
D. 24 E. 88

364. What is the probability of event A or B 369. Which of the following are examples of
continuous variables? More than one op-
tion can be selected
A. Your parents’ age
B. The distance from your house to RMIT
A. 0.6 C. Your bank account balance
B. 0.1 D. The number of pets one can have
C. 0.35 E. Your weight or height
D. 0.9
370. The branch of statistics that presents
365. What type of variable is the number of techniques for testing sets of measure-
robberies reported in your city? ments is called
A. Attribute A. Descriptive

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1.1 BUSINESS STATISTICS 40

B. Inferential 376. If the mean of a data set is 10, what is


C. Statistics the missing piece of data? 5, 4, 7, 15, 12,
D. Parameter
A. 7
371. Data in percentage form is better to use
graphs? (choose 2 correct answers) B. 17
A. Line Graph
C. 20
B. Bar Graph

NARAYAN CHANGDER
D. 16
C. Circle Graph
D. Graphics Ogive
377. is a statistical method that is used in mak-
E. Graphics Scatter ing statistical decisions using experimental
data.
372. Paulo got these markers in three
tests:72, 80 and 82. He had one more A. Hypothesis testing
test to sit. He wanted an average of 80
for the four tests. What mark must he get B. Statistical hypothesis
in the fourth test?
A. 78 378. A characteristic of interest for the ele-
B. 80 ments

C. 84 A. Dataset
D. 86 B. Elements
373. Find the mean of these set of num- C. Variable
bers:100, 1050, 320, 600 and 150.
A. 333 D. Observation
B. 444
379. The National Center for Health Statistics
C. 440
reported that of every 883 deaths in re-
D. 320 centyears, 24 resulted from an automobile
accident, 182 from cancer, and 333 from
374. Is a conjecture about the population pa-
heartdisease. What is the probability that
rameter. This conjecture may or may not
a particular death is due to an automobile
be true.
accident?
A. Statistical hypothesis
A. 24/883 or 0.027
B. Hypothesis testing
B. 539/883 or 0.610
375. With 100 units of data, if you are asked
to create a distribution frequency table, C. 24/333 or 0.072
how many classes are required?
A. 4 D. 182/883 or 0.206

B. 5
380. Claire has 5 cookies, Brooke has 3 cook-
C. 6 ies, Deandra has 6 cookies, and Lucy has 2
D. 7 cookies. Find the mean number of cookies.

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1.1 BUSINESS STATISTICS 41

of400. The following table gives the prob-


ability distribution of x.Compute the stan-
dard deviation of x.

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A. 1.214 defective computer parts
B. 1.234 defective computer parts
C. 1.204 defective computer parts
D. 1.224 defective computer parts

383. Each choice contains an interval of num-


bers extracted from a frequency distribu-
A. 3 tion table. Which of the following interval
B. 4 of numbers have a class width of 6?
C. 5 A. 13-24
D. 6 B. 20-25
C. 80-88
381. Which of the following statements about
variables is correctly paired? D. 90-96

A. A qualitative variable describes or cat- 384. What kind of graph would you use to rep-
egorizes an element of population, while resent the speed in km per hour of the
a quantitative variable quantifies an ele- world’s fastest 20 animals?
ment of a population A. Bar Graph
B. A quantitative variable describes or B. Pie Graph
categorizes an element of population,
while a qualitative variable quantifies an C. Pictograph
element of a population D. Line Graph
C. A qualitative variable describes an el- 385. Market Research is one of the major ap-
ement of the sample population, while plications of statistics in managerial deci-
a quantitative variable quantifies an ele- sion making
ment of total population
A. True
D. A quantitative variable describes an el-
B. False
ement of the sample population, while a
qualitative variable quantifies an element 386. Which of the following is a continuous
of total population variable?
382. Baier’s Electronics manufactures com- A. The number of students in the class.
puter parts that are supplied to many com- B. The time taken to complete a test.
puter companies.Despite the fact that two
C. The total books in a store room.
quality control inspectors at Baier’s Elec-
tronics check every part fordefects before D. The record of the tables in a classroom
it is shipped to another company, a few de-
fective parts do pass through theseinspec- 387. You roll one die. What is the probability
tions undetected. Let x denote the number that you roll a 6?
of defective computer parts in a shipment A. 1/2

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1.1 BUSINESS STATISTICS 42

B. 1/4 C. an equals sign


C. 2/6 D. a capital letter
D. 1/6
394. Indicate which of the following is an ex-
388. The mean, mode, and median of the data ample of a sample withreplacement
set:5, 4, 10, 12, 1, 5, 3, 7, 15, and 8 is A. Five friends go to a livery stable and
respectively select five horses to ride(each friend must
A. 5, 6, 7 choose a different horse).

NARAYAN CHANGDER
B. 7, 6, 5 B. A box contains five marbles of differ-
C. 6, 5, 7 ent colors. A marble isdrawn from this
box, its color is recorded, and it is put
D. 7, 5, 6
backinto the box before the next marble
389. Index Numbers are called is drawn. This experimentis repeated 12
times.
A. Economic Barometer
B. Statistical Barometer 395. A list of 5 pulse rates is:76, 73, 69, 88,
97. What is the median?
C. Mathematical Berometer
D. Physical Barometer A. 76
B. 73
390. The value of the variable at which the
curve reaches the maximum is C. 97
A. Mean D. 88
B. Median
396. Bayes’ formula is used to update the
C. Percentile probability of an event based on new in-
D. Mode formation. True or False?
A. True
391. What is the inter-quartile range for the
numbers 8, 4, 2, 16, 7, 20, ? B. False
A. 9
397. Modes of presentation of data
B. 12
A. Textual, tabular, external
C. 16
B. Textual, internal, graphical
D. 20
C. Graphical, tabular, External
392. Bar graphs are suitable for comparing cat-
D. Textual, tabular, diagramatic
egorical data. True or False?
A. True 398. Which of the following is not a “mea-
B. False sures of dispersiion”
A. Range
393. A formula in the spreadsheet should al-
ways start with B. Variance
A. a plus sign C. Mean
B. an asterisk D. Standard Deviation

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1.1 BUSINESS STATISTICS 43

399. A sample is necessary 404. When a set of data points is arranged in


order, the data point which falls in the mid-
A. because it is not always possible to get
dle is called the:

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in touch with the entire population
A. mid-range
B. because it is too expensive to get in
touch with the entire population B. median
C. mode
400. The arithmetic mean of the numbers 1, 2,
3, , n is D. mean
n+1 405. Business Statistics deals with data in
A. 2
an+1
business.
B. a
A. True
n(n+1)
C. 2 B. False
n
D. 2
406. What is the range of this data set? 7, 1,
401. Which of the following statements is true 6, 9, 4, 6, 2
about inferential statistics? A. 8
A. It is used to summarize and describe B. 7
data in a meaningful way. C. 6
B. It is used to make inferences about a D. 5
population based on a sample.
C. It is used to test hypotheses about the 407. What is the median score of the set 9, 10,
population parameters. 13, 14, 15, 18, 23, 27, and 30?
A. 13
D. It is used to estimate population pa-
rameters. B. 14
C. 15
402. What is the lower quartile of the num-
bers 19, 10, 6, 25, 13? D. 16

A. 6 408. This test can be considered as a binomial


experiment when there are only two out-
B. 8
comes and propability of success does not
C. 10 change from trial to trial (the outcomes of
each trial are independent).
D. 13
A. Z-Test Proportion
403. If the more than cumulative frequency is B. T-Test Proportion
20, 15, 8, what is the frequency of the
first class (group)? 409. Which of the following statements is cor-
A. 5 rect?
A. The population mean characterizes the
B. 7
spread of the normal distribution
C. 8
B. The population mean characterizes the
D. 20 position of the normal distribution

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1.1 BUSINESS STATISTICS 44

C. The population standard deviation 414. The estimated probabilities of an event


characterizes the position of the normal before any new idea is collected are
distribution known as Probabilities.
D. A normal distribution is asymmetrical A. Posterior
around the population mean B. Simple
410. Seventy five percent of students at a col- C. Prior
lege with a large student population use D. Conditional

NARAYAN CHANGDER
Instagram.A sample of five students from
this college is selected, and these students 415. A technique of studying the dependence
areasked whether or not they use Insta- of one variable (called dependant vari-
gram. Is this experiment a binomial ex- able), on one or more variables (called ex-
periment? planatory variable), with a view to esti-
mate or predict the average value of the
A. NO dependent variables in terms of the known
B. YES or fixed values of the independent vari-
ables is called as
411. A bag contains 30 pieces of candy. There
A. Regression
are 15 grape, 7 cherry, 3 lemon, 5 straw-
berry. What is the probability of drawing B. Correlation
a lemon? C. Attribution
A. 3 D. Probability
B. 1/10 416. Which of the following is primary data?
C. 3/10 A. Face-to-face interviews, question-
D. 30% naires
B. records published by the Department
412. The arithmetic mean of 20 observations of Statistics Malaysia
from group A is 8, while the arithmetic
mean of 5 observation from group B is 12. C. Malaysian rice import and export data
If the two groups are merged, what is the
arithmetic mean for the entire group? D. none of above
A. 0.8 417. Data in the form of cumulative frequency
B. 10 is better to use graphs?
C. 9.5 A. Line Graph
D. 8.8 B. Bar Graph
C. Circle Graph
413. The values of extreme items do not influ-
ence the average for D. Graphics Ogive
E. Graphics Scatter
A. Mean
B. Median 418. Which measure of central tendency is
generally used in determining the size of
C. Mode
the most sealable shoes in a department
D. Harmonic Mean store?

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1.1 BUSINESS STATISTICS 45

A. Mean 424. What is the probability that sum of out-


B. Median comes on a pair of dice is equal to 8.

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C. Mode A. 6/36
D. Range B. 5/36
C. 4/36
419. What is the mode in the following num-
bers? [3, 24, 3, 7, 30, 1, 3, 7, 3] D. 3/36
A. 3 and 7 both are modes 425. What is the median of this data set? 3,
B. 1 and 7 both are modes 17, 17, 11, 8, 13, 5, 18
C. 3 only A. 11
D. 7 only B. 12
C. 13
420. Inferential statistics is
D. 17
A. a techniques to improve the efficiency
and effectiveness of the organization. 426. When the confidence interval contains the
B. making generalization about popula- hypothesized mean;
tion by analyzing the sample. A. do not reject the Ho
C. is a techniques to implement a strate- B. reject Ho
gic plan.
427. Vital factors causing seasonal variations
D. is a good representation of a popula-
are:
tion
A. Growth in Population
421. Which of these is not representing contin-
B. Technological improvements
uous data
C. Weather and social customs
A. A person’s height each year
D. None of these
B. The volume of water in a swimming
pool 428. Ranked from smallest to largest, the
C. Cars washed at a carwash each day numbers of calories for the seven cereals
are as follows:80 100 100 110 130 190
D. A person’s weight on each birthday
200Find the mode.
422. Find the median for the data set:90, 89, A. 90
82, 87, 93, 92, 98, 79, 81, 80.
B. 100
A. 82
C. 105
B. 93
D. 130
C. 87
429. Given that the mean of the following
D. 88
numbers is 6.8, find the value of x for the
423. Two types of quantitative data. data set below. 8, x, 4, 7, 11.
A. Quantitative Discrete Data A. 2
B. Quantitative Nominal Data B. 4
C. Quantitative Continuous Data C. 6
D. Quantitative Ordinal Data D. 8

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1.1 BUSINESS STATISTICS 46

430. What type of variable is the number of 434. A student receives test scores of 62, 83
gallons of gasoline pumped by a filling sta- and 91. The final exam score is 88 and the
tionduring a day? homework score is 76. Each test is worth
20% of the final grade, the final exam is
A. Qualitative
25% of the final grade, and the homework
B. Discrete grade is 15% of the final grade. What is
C. Attribute the student’s mean score in the class?

D. Continuous A. 76.6

NARAYAN CHANGDER
B. 90.6
431. If you randomly pick from the following
M M colors from a bag, what is the prob- C. 80.6
ability that you choose blue?5 green6 yel- D. 85.6
low8 blue7 brown
435. The coefficient of correlation is indepen-
dent of
A. change of scale
B. change of origin
C. both change of scale and change of ori-
gin
D. none of these
A. 8/26 or 4/13
436. What is the difference between a sample
B. 7/26 mean and the population mean called?
C. 8/25 A. Standard error of the mean
D. 1/3 B. Margin error
432. Calculate the geometric Mean of 1, 3, 9, C. Point estimate
3 D. Sampling error
A. 1
437. Which is not included as a qualitative
B. 2 variable?
C. 3 A. gender
D. 4 B. the life of a car battery
433. The answer to” what is the change in ag- C. state of birth
gregate value of the base period list of D. eye color
commodity when valued at given period
prices” is provided by 438. A time series consists of data arranged
A. Laspeyre’s Index A. Chronologically
B. Paasche’s index B. Geographically
C. Fisher Index C. Serially
D. None of these D. Intermittently

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1.1 BUSINESS STATISTICS 47

439. A beverage company wanted to see if C. Interval


people in the United States liked their new D. Ratio
logo. Which choice best represents a pop-

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ulation? 445. A machine shop has 100 drill presses and
A. A selection of logo artists. other machines in constant use. The prob-
abilitythat a machine will become inopera-
B. Every person in the United States.
tive during a given day is 0.002. During
C. A selection of shoppers from different some days, no machines are inoperative,
states. but during some days, one, two, three, or
D. 3, 800 children age 5-15 more are brokendown. What is the prob-
ability that fewer than two machines will
440. Which are the measures of variation be inoperative during aparticular day?
A. Range A. 0.8187
B. Variance B. 0.9824
C. Standard deviation C. 0.1637
D. Coefficient of variation D. 0.0200
E. Coefficient of correlation
446. What is the range for 25, 21, 10, 18, 23,
441. occurs if one rejects the null hypothesis 14, 18, 22, 30?
when it is true. In hypothesis testing type
A. 14
I error is denoted by alpha (a).
B. 18
A. Type I error
B. Type II error C. 20
D. 22
442. Refers to the process of making conclu-
sions based on the analyzed data 447. A survey to collect data on the entire pop-
A. Statistics ulation
B. Analysis A. Sample
C. Collection B. Population
D. Interpretation C. Sample Survey

443. Is a statistical procedure that is used D. Census


to draw inferences or information about
448. A school randomly chose ten English
the properties or characteristics by a large
teachers and asked them which type of
group of people, places, or things or the
juice their students would prefer. Which
basis of the information
reason best shows why this sample is bi-
A. Inferential Statistics ased?
B. Descriptive Statistics A. The sample didn’t include students.
444. the final grades (A, B, C, D, or F) for stu- B. The sample is too small.
dents in a chemistry class C. The sample can only be accurate if
A. Nominal each teacher is included in the sample
B. Ordinal D. English teachers don’t drink juice!

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1.1 BUSINESS STATISTICS 48

449. Classification of Data: 453. What is the relative frequency of the first
A. It condenses the data and facilitates class?
comparisons A. 0.15
B. It helps to study the relationships B. 0.3
C. It facilitates the statistical treatment C. 0.1
of the data
D. 0.2
D. All of the above

NARAYAN CHANGDER
E. 0.4
450. Refer to the following distribution of
ages:What is the class midpoint of the 454. This method involves randomly selecting
highest class? a sample from the population without any
bias.
A. Simple Random Sampling
B. Systematic Random Sampling
C. Stratified Random Sampling
D. Cluster Random Sampling
A. B54
B. 55 455. Are data that can assume values that
C. 64 manifest the concept of attributes
D. 65 A. Quantitative Data
B. Data
451. Fisher’s Index Number is of
Laspeyre’s and Paasche’s index number C. Qualitative Data
A. A.M D. Variable
B. Median
456. According to Chebyshev’s Theorem how
C. G.M many values in a data set will be within 2
D. Mode standard deviations of the mean?

452. If you were an investor who received the A. At least 75%


following information, which type of in- B. At least 68%
vestment would you choose?
C. At least 95%
D. At least 89%
E. At least 99%

457. There are 4 different colored candies in a


A. Passive Funds(X) bag. So, one should have a 25% chance
of picking a particular color out of the bag.
B. Aggressive Fund(Y)
After pulling out 20 candies, Sally got 8
C. Min X and Y If the Covariance is Nega- purples, which is 40%. Predict what will
tive happen as Sally pulls out more candies.
D. If the Variance is Positive A. The percent of purple candies will ex-
E. All true ceed 40%

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1.1 BUSINESS STATISTICS 49

B. The percent of purple candies will ap- 462. The bar graph shows the number of ani-
proach 25% mals sold at a pet store in one week. How
many animals were sold?

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C. The percent of purple candies will stay
around 40%
D. There is not enough information to
make a prediction

458. Which are positional average from fol-


lowing
A. Mean, median A. 225 animals
B. GM, hm B. 265 animals
C. Mean, mode C. 315 animals
D. Mode, median D. 325 animals
459. Sample is different from population be- 463. The average of upper limit and lower
cause limit of a class interval is
A. a set of items selected from the popu- A. Mean
lation
B. Median
B. a complete set
C. Mode
C. a measuring variable for every unit in
D. Mid-point
the population
D. a study done before the actual frame- 464. In a set of observations, the measure
work of central tendency that reports the value
that occurs MOST frequently is called the:
460. When TV advertisements report “2 out
A. mean
of 3 dentists surveyed indicated they
wouldrecommend Brand X toothpaste to B. median
their patients, “ an informed consumer C. mode
may questionthe conclusion because the:
D. range
A. Sample was only 5 dentists
465. How to present qualitative data?
B. Sample of dentists is clearly explained
A. Bar Graph
C. Advertisement does not include the to-
tal number of dentists surveyed B. Father Letter
D. Conclusion is not illustrated with a C. Line graph/ Time series graph
graph D. All of the above
461. Sum of relative frequency is always 466. Strug’s rule is used to find out
equal to A. Number of classes in a continuous dis-
A. 1 tribution
B. 2 B. Direction of classification
C. 100 C. Size of class limit
D. 200 D. None of above

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1.1 BUSINESS STATISTICS 50

467. Two events A and B are independent if 473. A SERIES HAS ITS MEAN AS 15 END
P(A∩B) ITS COEFFICIENT OF VARIATION IS 20 ITS
A. P (A |B|) = P(B) STANDARD DIVISION IS
P(A∩B)
B. P (B |A|) = P(A)
A. 5
C. P (A |B|) = P (B) B. 10.
D. P (A |B|) = P (A) C. 3
D. 7.

NARAYAN CHANGDER
468. A data set can have more than one mode
474. The average score of 100 students taking
A. True
a statistics final was 70, with a standard-
B. False deviation of 7. Assuming a normal distri-
bution, what test score separates the top
469. Which number is not the mean, median, 5% ofthe students from the lower 95%
mode, or range of the data set 4, 3, 15, of the students?
11, 3, 8, 7, 5?
A. 90.00
A. 3
B. 78.96
B. 6
C. 81.55
C. 12 D. 83.72
D. 11
475. Find the MODE of the numbers:2, 4, 5, 5,
470. Inter Quartile Deviation = Q3-Q1 6, 8, 6, 2, 4, 6, 8
A. True A. 6
B. False B. 4
C. 5
471. The number of pages that Carolyn wrote
D. 2
in her journal each day from Monday to Fri-
day is shown below:9, 8, 12, 6, 10 What 476. A survey includes a question regarding
is the mean number of pages she wrote marital status that has the following re-
per day? sponses:single, married, divorced, sepa-
A. 5 rated, or widowed. What is the scale of
measurement forthis question?
B. 6
A. Ratio
C. 9
B. Interval
D. 11
C. Ordinal
472. What was the lowest number in the data D. Nominal
set?
477. State any 4 objects of classification
A. 0
A. To present complex data into simple
B. 10 form
C. 7 B. For comparision of data
D. 2 C. To remove Irrelevant details
E. 1 D. All of the above

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1.1 BUSINESS STATISTICS 51

478. Sarah, Sammie, Victor, Vicki, Valerie are A. Standard Deviation


in a math group. Two students are ran- B. Business Statistics
domly chosen to be co-leaders. What is

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the probability that both students’ names C. Variance
begin with the letter V? D. Algebra

483. A coin is to be tossed twice. p(t, t) =

A. 3/5 times 3/5 = 9/25


B. 3/5 times 1/2 = 3/10
C. 1/5 times 2/5 = 2/15 A. 1/4

D. 3/5 times 1/4 = 3/20 B. 1/2


C. 2
479. A total of 60% of the customers of a fast
food chain order a hamburger, French fries, D. 1/8
anda drink. If a random sample of 15 cash
484. At Donald’s Donuts the number of donut
register receipts is selected, what is the
holes in a bag can vary. Help Donald find
probabilitythat 10 or more will show that
the mode.12, 10, 10, 10, 13, 12, 11, 13,
the above three food items were ordered?
10
A. A 0.000
B. B. 1.000
C. C. 0.186
D. D. 0.403

480. Candlestick charts are commonly used in


financial analysis to represent stock price
movements. True or False? A. 13
A. True B. 12
B. False C. 11
481. The two concept of statistics. D. 10
A. Informative Statistics 485. Which chart or diagram would be BEST
B. Inferential Statistics to represent your phone bills over a six-
monthperiod?
C. Descriptive Statistics
A. A pie chart
D. Cumulative Statistics
B. A pictograph
482. It involves collecting, classifying, sum-
marizing, organizing, analyzing, and inter- C. An Ogive
preting data. D. A line graph

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1.1 BUSINESS STATISTICS 52

486. What is the median of the data be- 490. A marketing class of 50 students eval-
low?20, 3, 17, 1, 5 uated the instructor using the following
scale:superior, good, average, poor, and
A. 5
inferior. The descriptive summary showed
B. 17 thefollowing survey results:2% superior,
C. 19 8% good, 45% average, 45% poor, and
0%inferior.
D. 9.2
A. A. Most students rated the instructor

NARAYAN CHANGDER
487. What is the formula for calculating the as poor or average
median? B. B. The instructor’s performance was
A. Add all the numbers together and di- inferior
vide by the total count. C. C The instructor’s performance was
B. Find the average of all the numbers. great

C. Multiply the largest and smallest val- D. D.No conclusions can be made
ues. 491. Paasches’ index number formula consid-
D. Arrange the numbers in ascending or- ers the current year quantities. True or
der and find the middle value. False?
A. True
488. What is the probability of spinning
green? B. False

492. Suppose a tire manufacturer wants to set


a mileage guarantee on its new XB 70
tire. Testsrevealed that the tire’s mileage
is normally distributed with a mean of 47,
900 miles and astandard deviation of 2,
050 miles. The manufacturer wants to
set the guaranteed mileageso that no more
than 5% of the tires will have to be re-
placed. What guaranteed mileageshould
the manufacturer announce?
A. 0
A. 32, 960
B. 1/4 B. 40, 922
C. 1/2 C. 44, 518
D. 3/4 D. 49, 621
489. If both the variables are changing in the 493. A CURVE WHICH IS ELONGATED TO THE
same direction, then the correlation is RIGHT, SHOWS THAT IT IS
A. linear A. SKEWED TO THE LEFT
B. non-linear B. SYMMETRICAL.
C. positive C. POSITIVELY SKEWED.
D. negative D. NONE OF THESE.

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1.1 BUSINESS STATISTICS 53

494. Population Standard Deviation D. Venn diagram



A. s = variance E. pie chart

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B. σ = Variance 500. Find the median of the set of numbers:21,
C. variance2 = s 3, 7, 17, 19, 31, 46, 20 and 43.
D. variance2 = σ A. 19
B. 20
495. If All the values are not of equal impor-
tance the index number is called C. 3
A. Simple D. 167
B. Composite 501. The following image shows a type of
C. Weighted graph. State the type of graph.
D. Unweighted

496. A rise in prices before Eid is an example


of
A. Cyclical Trend
B. Secular Trend A. Cartesian Plane Graph
C. Irregular Trend B. Bar Graph
D. Seasonal Trend C. Timeline Graph
497. A descriptive measure of a sample is D. Father Letter
called
502. Refers to the gathering of information or
A. a census data
B. a parameter A. Statistics
C. a statistic B. Analysis
D. a sample C. Collection
498. The performance of personal and busi- D. Organization
ness investments is measured as a percent-
503. Which of the following may be numeric or
age, “return on investment.” What type
non-numeric
of variable is “return on investment”?
A. Interval scale
A. Qualitative
B. Nominal Scale
B. Continuous
C. Ratio Scale
C. Attribute
D. Ordinal Scale
D. Discrete
504. For the set o f 10 numbers the ∑ x =
499. The ways to present sample space are 30 and ∑ x2 =
A. contingency table 180. Deter min e the mean o f the set o f numbers.
B. histogram A. 3
C. scatter plot B. 18

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1.1 BUSINESS STATISTICS 54

C. 300 508. This plot show how many point was


D. 1800 scored on a video game. What is the dif-
ference between the greatest and least
505. A club has 20 members. They are to se- amount of point scored?
lect three office holders-president, secre-
tary, and treasurer-for next year. They al-
ways select these office holders by draw-
ing 3 names randomly from the namesof

NARAYAN CHANGDER
all members. The first person selected
becomes the president, the second is the
secretary, and thethird one takes over as
treasurer. Thus, the order in which 3
names are selected from the 20 names
isimportant. Find the total number of ar-
rangements of 3 names from these 20. A. 48
A. 6850 B. 39
B. 6860 C. 38
C. 6830 D. 84
D. 6840 509. Always start from the absolute or true
zero point
506. A continuous variable
A. Nominal
A. is a qualitative variable that character-
izes, describes, or names an element of a B. Ordinal
population C. Interval
B. is a qualitative variable that incorpo- D. Ratio
rates an ordered position, or ranking
510. A bi-variate frequency distribution is
C. a quantitative variable that can as- a type of statistical distribution thatin-
sume a countable number of values, in volves two variables
other words, there is a gap between any
A. True
two values
B. False
D. a quantitative variable that can as-
sume an uncountable number of values, 511. Variation is
in other words, it includes every possible
A. the extent to which the values of a nu-
value between any two values
merical variable group around a typical, or
507. Is a characteristic or property of a popula- central, value.
tion or sample, which makes the members B. the amount of dispersion, or scatter-
different from each other. ing, away from a central value that the val-
ues of a numerical variable show
A. Discrete Data
C. the pattern of the distribution of values
B. Continuous Data
from the lowest value to the highest value.
C. Variable D. Describing the relationship between
D. Data two numerical variables

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1.1 BUSINESS STATISTICS 55

512. Given sample data:8, 3, 7, 4, 5, 8, 5, 8, 517. Identify the sample:A survey of 500
6. Calculate the average! adults in the U.S. found that 54% drink
coffee daily.

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A. 5
A. Collection of the 500 adults surveyed
B. 6
B. Collection of all adults in the U.S.
C. 7
C. 54%
D. 8
D. 500
E. 5.5
518. Are data that are numerical in nature
513. The number of absences per year a
worker has, is an example of what type A. Quantitative Data
of data? B. Qualitative Data
A. Nominal C. Variable
B. Qualitative D. Data
C. Discrete 519. A coefficient of +1 indicates a
D. Continuous A. relatively positive correlation
514. The following represents age distribution B. perfect negative correlation
of students in an elementary class. Find C. perfect positive correlation
the mode of the values:7, 9, 10, 13, 11,
D. relatively negative correlation
7, 9, 19, 12, 11, 9, 7, 9, 10, 11.
A. 7 520. Which of the following application of
statistics helps in identifying trends, pat-
B. 9 terns and correlations in large sets of
C. 10 data?
D. 11 A. Quality Control
B. Data Analysis
515. Statistics are used
C. Risk Management
A. in education
D. None of these
B. in science
C. in government 521. A sampling technique in which one or
more members of a population are located
D. in mathematics and used to lead the researchers to other
E. all of the answer choices members of the population.
A. Quota sampling
516. Data obtained from measurement results
using an interval scale is called interval B. Snowball sampling
data C. Purposive sampling
A. Nominal D. Convenience sampling
B. Ordinal
522. What is the purpose of a stem-and-leaf
C. Interval display?
D. Ratio A. To organize qualitative data

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1.1 BUSINESS STATISTICS 56

B. To organize quantitative data 529. Discrete and unordered data is


C. To calculate cumulative frequencies A. Nominal
D. To display relative frequencies B. Ordinal
C. Interval
523. A class frequency is described as the total
number of observations in the sample D. Ratio

A. TRUE 530. The heights of some students are given.


158cm 172cm 164cm 164cm 167cm

NARAYAN CHANGDER
B. FALSE
159cm What is the range of the heights?
524. this graph is indicates A. 13cm
A. positive correlation B. 14cm
B. Negative Correlation C. 164cm

C. partial correlation D. 330 cm

D. Non of the above 531. Tabulating customer data can help busi-
nesses understand their customers’
525. Statistics are used as a basis for making A. preferences
decisions.
B. demographics
A. True
C. buying behavior
B. False
D. preferences, demographics and buy-
526. Business Statistics aids managerial deci- ing behavior
sion making. 532. Z-score is used when standard devi-
A. True ation is known?
B. False A. Population
B. Sample
527. Frequency distribution
C. None of the above
A. Arranges observations in increasing
D. none of above
order
B. Arranges observations in terms of a 533. The mean is a measure of central ten-
number of groups dency that is influenced by extreme values.
True or False?
C. Relates to a measurable charasteric
A. True
D. All of the above
B. False
528. Which one of them is the simplest method 534. What is the probability of selecting an or-
of studying dispersion ange candy?
A. Range
B. Quartile deviation
C. Mean deviation
D. Standard deviation

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1.1 BUSINESS STATISTICS 57

A. 0% C. Ordinal
B. 25% D. Ratio

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C. 50%
539. In the case of classification of data, the
D. 100% class having its upper limit is treated as
535. A marketing class of 50 students eval- the lower limit of its next class is called
uated the instructor using the following A. Open ended class
scale:superior, good, average, poor, and
B. Close ended class
inferior. The descriptive summary showed
thefollowing survey results:2% superior, C. Exclusive series
8% good, 45% average, 45% poor, and D. Inclusive series
0%inferior.
A. The instructor’s performance was 540. What is the standard deviation for the
great data given:5, 10, 15,
B. The instructor’s performance was infe- A. 4.88
rior B. 5.18
C. Most students rated the instructor as
C. 4.08
poor or average
D. No conclusions can be made D. 9.18

536. What value is the lower quartile? 541. What is meant by class in statistics?
A. Data collection categories
B. Midpoint of class
C. Ratio of frequency in class to total
A. 66 D. Different class boundaries
B. 58
542. IS A RANGE AROUND A MEASUREMENT
C. 60 THAT CONVEYS HOW PRECISE THE MEA-
D. 64 SUREMENTS IS.

537. Which one of them is not a characteristic A. Confidence level


of a good measure of dispersion B. Confidence Intervals
A. rigidly defined
543. In a certain school district, exactly 30%
B. easy to understand of the students come from families that
C. affected by the values of the extreme have only one child. If there are 7, 340
items students in the district, how many do not
D. sampling stability come from families with only one child?
A. 514
538. Goals scored in a soccer match are a
variable B. 2, 202
A. Discrete C. 5, 138
B. Continuous D. 7, 120

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1.1 BUSINESS STATISTICS 58

544. An accelerated life test on a large num- C. a characteristic that changes when the
ber of type-D alkaline batteries revealed data is collected
that themean life for a particular use be- D. a characteristic or trait that will be ig-
fore they failed is 19.0 hours. The distri- nored in a sample population
bution of the livesapproximated a normal
distribution. The standard deviation of the 549. A parameter is
distribution was 1.2hours. About 95.44%
A. a planned activity whose results yield
of the batteries failed between what two
a set of data
values?

NARAYAN CHANGDER
B. a numerical value that summarizes all
A. 12.2 and 14.2
of the data of an entire population
B. 16.6 and 21.4
C. the set of values collected from the
C. 14.1 and 22.1 variable from each of the elements that
D. 8.9 and 18.9 belong to the sample
D. A numerical value summarizing the
545. Frequency distribution of a continuous
sample data
variable is known as
A. Grouped frequency distribution 550. When drawing a pie chart, make sure
that the in the pie chart is correct and
B. Ungrouped frequency distribution
each part needs to
C. simple frequency distribution
A. label, percent
D. A and B
B. pattern, percent
546. Secular trend refers to C. frequencies, labeled
A. Short term movement D. percent, labeled
B. Medium-term movement
551. Correlation measures the strength and di-
C. Long term movement rection of the relationship between two
D. Seasonal movement variables. True or False?
A. True
547. A toy store owner tracking how much
kids spend each month on toys. Which B. False
choice best represents a population?
552. The collection of one or more outcomes
A. All of the kids who buy toys. from an experiment is called
B. 227 wealthy kids. A. Probability
C. 228 boys age 7-15 B. Event
D. 235 kids from age 10 to 15. C. Random Variable
548. A variable (or response variable) is D. Sample Space
A. a characteristic of interest about each 553. Manufacturers were subdivided into
individual element of a population or sam- groups by volume of sales. Those with
ple more than$100 million in sales were clas-
B. a characteristic that is irrelevant to the sified as large; those from $50 to $100
collection of the data million as mediumsize; and those between

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1.1 BUSINESS STATISTICS 59

$25 and $50 million, and so on. Sam- 559. Calculate the probability of choosing
ples were then selected fromeach of these someone with blue eyes.
groups. What is this type of sampling

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called?
A. Cluster sampling
B. Simple random sampling
C. Systematic sampling
D. Stratified random sampling A. 27%
554. Index number is a special type of B. 43%
A. Average
C. 87%
B. Dispersion
C. Correlation D. 100%

D. None of the above


560. The frequency for a class interval is 17
555. The science that studies statistics is · · · and the total frequency is 25. What is the
A. Statistics relative frequency for this class interval?

B. Statistics A. 0.32
C. Mathematics B. 0.42
D. Data Science
C. 0.68
Explanation:Yups The science that
studies statistics is Statistics D. 1.47
556. What is the mean of this data set? 7, 4,
9, 6, 4 561. This Probability distribution is used for
continuous variables
A. 4
B. 6 A. Binomial
C. 3 B. poisson
D. 8 C. normal
557. Calculate Arithmetic Mean D. none of the above
A. 22
B. 23 562. If the standard deviation and coefficient
C. 20 of variation of a certain series are 14 and
70 respectively. What is the arithmetic
D. 24 mean of the series?
558. Theorems of probability include: A. 5
A. Addition theorem
B. 10
B. Multiplication theorem
C. Bayes’ theorem C. 15
D. All D. 20

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1.1 BUSINESS STATISTICS 60

563. Data is 567. Which graph is used to represent the fre-


A. a planned activity whose results yield quency distribution of qualitative data?
a set of data A. Bar graph
B. a numerical value that summarizes all B. Pie chart
of the data of an entire population C. Histogram
C. the set of values collected from the D. Polygon
variable from each of the elements that

NARAYAN CHANGDER
belong to the sample 568. Probability can be between what two
numbers?
D. A numerical value summarizing the
sample data A. 10 and 20
B. 0 and 100
564. y = 45+2.5x year origin is 1996 to 1999
find straight line C. 0 and 1

A. yc = 52.5+2.5x D. All Numbers are possible

B. yc = 62.5+2.5x 569. What measure of central tendency that


divides a set of scores in two equal num-
C. yc = 53.5+2.5x
ber of scores?
D. yc = 50.5+2.5x
A. Mean
565. The incomes of 50 loan applicants are ob- B. Median
tained. Which level of measurement is in- C. Mode
come?
D. Range
A. Nominal
B. Ordinal 570. Which operations are involved in Data
processing?
C. Interval
A. Recording
D. Ratio
B. Classifying
566. A regular 6-sided die is to be rolled one C. Analysing
time. What is the probability that the num-
D. None of the above
ber 5 is rolled?
571. Is the following question statistical or
non statistical?How many siblings does
each Longview student have?
A. Statistical
B. Non Statistical

572. is a statistical procedure that is used to


know the mean difference between the
A. 1/5
sample and the known value of the pop-
B. 5/6 ulation mean.
C. 1/6 A. one sample z test
D. 6/5 B. one sample t test

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1.1 BUSINESS STATISTICS 61

573. What is the purpose of descriptive statis- D. deriving and communicating meaning-
tics? ful conclusions

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A. The purpose of descriptive statistics is E. throwing out data that does not fit the
to summarize and describe the main fea- graph
tures of a dataset.
576. A bottling company offers three kinds
B. The purpose of descriptive statistics is of delivery service:instant, same day, and
to determine the statistical significance of withinfive days. The profit per delivery
a dataset. varies according to the kind of delivery.
C. The purpose of descriptive statistics is The profit foran instant delivery is less
to predict future outcomes based on past than the other kinds because the driver
data. has to go directly to agrocery store with a
small load and return to the bottling plant.
D. The purpose of descriptive statistics is To find out what effecteach type of deliv-
to analyze the relationship between vari- ery has on the profit picture, the company
ables in a dataset. summarized the data in thefollowing table
based on deliveries for the previous quar-
574. According to this article, what is STATIS- ter.What is the weighted mean profit per
TICS? delivery?
A. Statistics is the universal language
of the sciences that involves information,
numbers, visual graphics to summarize in-
formation and its interpretation. In other
words, the science of collecting, describ- A. $72
ing, and interpreting data.
B. $110
B. Statistics is a method of analyzing and
C. $142
collecting data that is not easily visible
and must be described by using mathe- D. $97
matics and other sciences.
577. A frequency distribution is a table that
C. Statistics is using data, concluding displays the number of observations oroc-
data and making inferential theories from currences of values within a given data
the information that has a positive normal set.
distribution.
A. True
D. Statistics involves using information, B. False
numbers, and descriptive conclusions to
help businesses make corrective business 578. Researchers divide a population into
decisions based on the descriptive tech- smaller groups known as clusters
niques that create perfect graphs.
A. Simple Random Sampling
575. Careful use of statistical methods does B. Systematic Sampling
not include C. Stratified Sampling
A. carefully defining the situation D. Cluster Sampling
B. gathering data
579. Identify the data set’s level of measure-
C. summarizing the data accurately ment:The salaries of nurses at a hospital.

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1.1 BUSINESS STATISTICS 62

A. Nominal B. Mode = Median-2 Mean


B. Ordinal C. Mode = 3 Median-2 Mean
C. Interval D. Mode = 3 Median-Mean
D. Ratio
584. WHICH OF THE FOLLOWING STATEMENT
580. Qualitative data is which IS TRUE?
A. Can be quantified A. IN A SKEWED DISTRIBUTION MEAN

NARAYAN CHANGDER
B. Can not be quantified MEDIAN AND MODE DO NOT HAVE THE
C. none SAME VALUE

D. none of above B. IN A FREQUENCY DISTRIBUTION IF


A CURVE HAS A LONGER TAIL TO THE
581. How many students are represented by RIGHT, THEN IT IS NEGATIVELY SKEWED
the histogram?
C. IN A POSITIVELY SKEWED CARVE,
MEAN IS LESS THAN MEDIAN AND ME-
DIAN IS LESS THAN MODE
D. THE MEDIAN DOES NOT ALWAYS LIE
BETWEEN THE MEAN AND THE MODE IN
A SKEWED DISTRIBUTION

585. In general, how does doubling the sample


size change the confidence interval size?
A. Doubles the interval size
A. Cannot be determined B. Halves the interval size
B. 9 C. Multiplies the interval size by 1.414
C. 31
D. Divides the interval size by 1.414
D. 35
586. The most frequently occurring value of a
582. A statistic is data set is called the
A. a planned activity whose results yield
A. Range
a set of data
B. a numerical value that summarizes all B. Mode
of the data of an entire population C. Mean
C. the set of values collected from the D. Median
variable
D. A numerical value summarizing the 587. refers to the degree of significance in
sample data which we accept or reject the null hypoth-
esis.
583. Which one of the following is the relation-
ship between mean, median and mode A. level of significance
A. Mode = Median-Mean B. level of hypothesis

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1.1 BUSINESS STATISTICS 63
Σfm
588. 10 students have appeared for economics C. N
and statistics tests. 7 have passed in eco- Σfx
nomics and 5 have passed in both the tests. D. 2N

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No of students passed only in Economics
and failed in Statistics is 594. MOdes of presentation of data?
A. 5 A. Tabular
B. 3 B. Textual
C. 2 C. Diagrammatic
D. 6
D. All of the above
589. What is a the meaning for “median”?
595. An exclusive class excludes
A. fair share
B. middle A. Lower limit

C. repeats the most B. Upper limit


D. variation C. Both the limits

590. What is the purpose of a frequency dis- D. Either of the limits


tribution table?
596. A measurement scale that rates prod-
A. To organize qualitative data
uct quality as either 1=poor, 2=average,
B. To organize quantitative data 3=good is known as
C. To calculate cumulative frequencies A. nominal
D. To display stem-and-leaf plots
B. ordinal
591. In Negative skewness which of the fol- C. interval
lowing is true?
D. ratio
A. Mean=Median=Mode
B. Mean<Median> Mode 597. A quartile is a split in increments of:
C. Mean<Median<Mode A. 0.04
D. Mean>Median>Mode
B. 0.25
592. Which of the following is used to denote C. 0.33
prices in the base period
D. 0.50
A. 0
B. 1 598. The skewness of a distribution is positive
C. 10 when
D. 01 A. Mean < Median

593. Which is the Mean in discrete series? B. Range = Mode


Σfx
A. N
C. Variance = Median
Σx
B. n D. Mean > Median

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1.1 BUSINESS STATISTICS 64

599. Which of the following statement is B. Systematic Sampling


TRUE? C. Convenience Sampling
A. Quantitative variable is said to have no D. Quota Sampling
numerical significant.
604. Find the ARITHMETIC MEAN 77, 83, 83,
B. Quantitative variable is said to have nu-
85, 87, 90, 93, 94, 99, 99
merical significant.
A. 77
C. Qualitative variable is said to have nu-
B. 89

NARAYAN CHANGDER
merical significant.
D. Qualitative variable can be counted or C. 90
measured. D. 86
600. A statistic is 605. An experiment involves selecting a ran-
A. a planned activity whose results yield dom sample of 256 middle managers for
a set of data study.One item of interest is their annual
income. The sample mean is computed to
B. a numerical value that summarizes all be $35, 420, and the sample standard de-
of the data of an entire population viation is $2, 050. What is the sample
C. the set of values collected from the standard error of themean?
variable from each of the elements that A. $138.36
belong to the sample
B. $8.01
D. A numerical value summarizing the
C. $128.125
sample data
D. $2, 050
601. What is the class interval of Q1
606. In this method, researchers select the
samples based purely on the researcher’s
knowledge and credibility.
A. Quota Sampling
A. 151-200 B. Snowball Sampling
B. 201-250 C. Judgement Sampling
C. 251-300 D. None of these
D. 301-350 607. Calculate Arithmetic mean

602. What is the value of the mode, when all A. 23


the values in the data are different? B. 13.6
A. Zero C. 14.2
B. One D. 12.6
C. There is no mode 608. Harmonic Mean formula in discrete series
D. It is the average of the middle values A. H.M = N/ Σ
603. Which of the following are the types of B. H.M = N/ 1/x
Probability Sampling? C. H.M = N/ Σ
A. Stratified Random Sampling D. H.M = N/f x1/x

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1.1 BUSINESS STATISTICS 65

609. The mean of five numbers is 14. Four of 614. What is the range of the set:49, 68, 62,
the numbers are 10, 15, 12, 17. What is 47, 39, 54, 43
the fifth number?

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A. 25
A. 9 B. 29
B. 16 C. 31
C. 19
D. 19
D. 70
615. What is the upper quartile for the num-
610. is the probability of getting a sample bers30, 15, 9, 27, 5, 42?
statistic or a mean extreme sample statis-
A. 18
tic in the direction of the Hi when the Ho
is true. B. 21
A. p-value or probability value C. 30
B. p-value or prohibited value D. 42
611. The standard deviation of a sample of 10 616. Data that can only be expressed as a
observations equals 9. The variance of the whole number
sample equals? A. continuous
A. 9 B. discrete
B. 81
617. people were surveyed about their
C. 3
favourite ice cream. How many chose
D. 90 Kesar Pista?
612. Is one that affects or influences another
variable.
A. Independent Variable
B. Dependent Variable
C. Constant
D. Data
613. CLUE:BINOMIAL PROBABILITY (FOR THE A. 30 people
SHORTCUT ANSWER YOU CAN USE TA- B. 60 people
BLE) Seventy five percent of students at
a college with a large student population C. 38 people
use the social mediasite Instagram. Three D. None of these
students are randomly selected from this
college. What is the probabilitythat ex- 618. Q2 is equal to which of the value
actly two of these three students use In-
stagram?
A. A. 0.4119
B. B. 0.4219
C. C 0.4239
D. D 4249 A. Mean

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1.1 BUSINESS STATISTICS 66

B. Median 624. Types of Statistics are:


C. Mode A. marketing and accounting
D. None of the Above B. descriptive and inferential statistic

619. Determine the range of the values 36, 18, C. primary and secondary
16, 18, 43, 20 D. quantitative and qualitative
A. 16 625. How many cards are in a standard deck
B. 18 of cards?

NARAYAN CHANGDER
C. 27
D. 43
620. The sum of 5x + 3y and 4x-2y is
A. 5x-8y
B. 9x + y A. 52
C. 8x + 4y B. 56
D. 6x + 5y C. 64
621. X:10 20 30 40 50Y:15 14 13 12 11In D. 42
this example correlation is
626. A is a portion or part of the popula-
A. linear tion of interest.
B. non-linear A. Population
C. positive B. Median
D. all the above C. Standard Deviation
622. What is the probability of event A D. Sample
627. What is the formula for Coefficient of
Quarile Deviation?
A. (Qaa-Q1)/(Qaa+Q1)
B. (Qa+Q1)/(Qa-Q1)
A. 0.4
C. (Qaqq1)/(Qaqq1)
B. 0.6
D. (Q3-Q1)X(Q3+Q1)
C. 0.65
D. 0.9 628. The weight of cans of fruit is normally dis-
tributed with a mean of 1, 000 grams and
623. Sub-divided bar diagram is used to: astandard deviation of 50 grams. What
A. Study relation between different com- percent of the cans weigh 860 grams or
ponent less?
B. Compare different components of a A. 0.0026
variable B. 0.0001
C. Either (a) or (b) C. 0.8400
D. Both (a) and (b) D. 0.0100

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1.1 BUSINESS STATISTICS 67

629. The Central Limit Theorem says that the C. Interval


sampling distribution of the sample mean D. Ratio
is approximately normal if

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633. The co-efficient of range of the data 25,
A. all possible samples are selected.
35, 75, 30, 95, 60
B. the sample size is large (n>30). A. 0.25
C. the standard error of the sampling dis- B. 0.5
tribution is small.
C. 0.75
D. none of above
D. 1
630. The members of each basketball team 634. Suppose X is normally distributed with a
wear numbers on the back of their jerseys. mean of 12 and a standard deviation of
What scale of measurement are these num- 3.0. Find P(X > 10)
bers considered?
A. 0.74751
A. Nominal
B. 0.25249
B. Ordinal C. 0.24751
C. Interval D. 0.53684
D. Ratio E. 0.47359
631. Look at the following picture and match 635. The monthly salaries of a sample of 100
the following statements correctly. If one employees were rounded to the nearest
where the tail of the distribution shifts to- $10.They ranged from a low of $1, 040
wards the left side, i.e. towards the nega- to a high of $1, 720. If we want to con-
tive side of the peak is the distribution dense the datainto seven classes, what is
the most convenient class interval?
A. $50
B. $100
C. $150
D. $200
636. Calculate Quartiles from the given
data22, 26, 14, 30, 18, 11, 35, 41, 12,
32
A. Q1 = 13. Khaqa = 32.75
A. Leaning Left
B. Q1 = 24. Khaqa = 20. Kh
B. Symmetrical
C. none
C. Tilt Right
D. none of above
D. none of above
637. What is the interquartile range (IQR)?
632. What type of level measurement of the
following example?wages
A. Nominal
B. Ordinal A. 4

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1.1 BUSINESS STATISTICS 68

B. 64 643. The shape of the graph consists of an x-


C. 60 axis and a y-axis and has a bar marked
according to the class category. The state-
D. 8 ment above refers to the shape
638. Find the mode(s) of 16, 12, 18, 15, 16, A. Histogram
12 B. Straight line graph
A. 12 C. Father letter

NARAYAN CHANGDER
B. 16 D. Bar graph
C. 12 and 16 644. IN A DISTRIBUTION, THE COEFFICIENT
D. Also comes out OF SKEWNESS IS FOUND OUT TO BE “-
0.001” EXECUTIVE. THE OTHER STATIS-
639. Bar diagram is a TICAL PARAMETERS ARE MEAN = 35.45,
A. One-dimensional diagram MEDIAN = 2333.85 AND STANDARD DE-
VIATION =-336.55. THERE APPEARS
B. two-dimensional diagram TO BE SOME DISAGREEMENT ABOUT THE
C. diagram with no dimensional SHAPE OF THE DISTRIBUTION. WHICH
D. none of the above ONE OF THE FOLLOWING IS CORRECT?
A. THE EXECUTIVE REVEALS TO THE
640. The length of a class is MANAGEMENT THAT THE SHAPE OF THE
A. The difference between Upper class DISTRIBUTION IS NEGATIVELY SKEWED.
boundary and lower class boundary B. MANAGEMENT FEELS THAT THE
B. The difference between upper class SHAPE OF THE DISTRIBUTION IS POSI-
limit and lower class limit TIVELY SKEWED.

C. A or B C. DECISION CAN NOT BE TAKEN AS THE


VALUE OF THE MODE IS NOT GIVEN.
D. A and B
D. YOU HAVE CALCULATED AND FIND
641. Why is it important for researchers to THAT THE SHAPE OF THE DISTRIBUTION
know how data were gathered? IS SYMMETRICAL.
A. To present original and unbiased data. 645. The arthmatic mean of 10 items is 50. if
B. To focus the data collection on specific each item is increased by 5 then new arith-
issues. metic mean would be
A. 50
C. To ensure the data is readily available
and inexpensive. B. 60
D. To save time in the research process. C. 45
D. 55
642. Intersection of less than frequency curve
and more than frequency curve indicates 646. Symbolized by H1, it shows that obser-
vations are the result of a real effect. It
A. Mean
states that there is a difference between
B. Median two population means (or parameters).
C. Mode A. Null hypothesis
D. Mean Deviation B. Alternative hypothesis

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1.1 BUSINESS STATISTICS 69

647. According to the central limit theorem, C. A discrete variable


D. None of the above

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A. The sampling distribution of the sam-
ple means is approximately normally dis- 652. Which of the following is NOT a measure
tributed of dispersion?
B. The population mean and the mean of A. Range
all sample means are equal
B. Variance
C. Increasing sample size decreases the
dispersion of the sampling distribution C. Correlation coefficient
D. The sampling distribution of the sam- D. Coefficient of skewness
ple means will be skewed
653. WHICH DOES NOT BELONG TO THE
648. Given the data, what percent of people GROUP?
like caramel corn?
A. Purposive Sampling
B. Quota Sampling
C. Convenience Sampling
D. ClusterSampling
A. 26 %
B. 92 % 654. For a normal distribution, what is the
likelihood (expressed as a percentage)
C. 38 %
that arandom variable is within plus and
D. 23 % minus two standard deviations of the
mean?
649. Regression models can be used to esti-
mate the value of a dependent variable A. 34.13%
based on independent variables. True or B. 68.26%
False?
C. 95.44%
A. True
B. False D. 99.74%

650. The presentation of data can be broadly 655. A study of a company’s practice regard-
classified into ing the payment of invoices revealed that
aninvoice was paid an average of 20 days
A. Only Tabular Presentation
after it was received. The standard de-
B. Only Diagrammatic or Graphical Pre- viationequaled five days. Assuming that
sentation the distribution is normal, what percent of
C. Both:Tabular Presentation and Dia- the invoiceswere paid within 15 days of
grammatic or Graphical Presentation receipt?
D. None of the options A. 37.91%

651. Marks of a student is an example of B. 34.13%


A. An attribute C. 15.87%
B. A continuous variable D. 86.74%

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1.1 BUSINESS STATISTICS 70

656. Sam rolled a die 75 times. On 39 of those B. the total number of people that live in
rolls, he had a 6. Which statement is TRUE a particular city
when the probabilities are compared? C. the incomplete collection of individuals
A. The theoretical probability is twice the or objects that are of interest to the sam-
experimental probability. ple collector
B. The experimental probability and the D. a collection of people that are being an-
theoretical probability are equal. alyzed for membership on a list of partic-
ular elements to be studied

NARAYAN CHANGDER
C. The theoretical probability is greater
than the experimental probability. 662. The following represent the ages of stu-
D. The experimental probability is dents in a class:19, 23, 21, 19, 19, 20,
greater than the theoretical probability. 22, 31, 21, 20If a stem and leaf plot
were to be developed from this, how many
657. Data that can be classified according to stems would there be?
colour.They are measured on scaie
A. 2
A. Nominal
B. 3
B. Ordinal
C. 4
C. Cardinal
D. 5
D. None of these
E. 10
658. Find the range for the following list of
663. Which of the following are source of sec-
values:13, 18, 13, 14, 13, 16, 14, 21, 13
ondary data.
A. 7
A. Interview
B. 8
B. Questionary
C. 9
C. Observation
D. 10
D. Unpublish thesis
659. Baye’s Theorem is used to compute
664. The number of miles that Jenna cy-
A. Prior Probabilities cled each week for a 7-week period is
B. Joint Probabilities shown:36, 42, 28, 52, 48, 36, 31 What
is the mean number of miles Jenna cycled?
C. Posterior Probabilities
A. 31
D. Conditional Probabilities
B. 36
660. Regression analysis can be used to make
C. 39
predictions and forecasts. True or False?
D. 41
A. True
B. False 665. A diagonal matrix in which all the diago-
nal elements are equal is a
661. The POPULATION in statistics is best de- A. scalar matrix.
scribed by
B. column matrix.
A. a collection, or set, of individuals, ob-
jects, or events whose properties are to C. unit matrix.
be analyzed D. None of these.

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1.1 BUSINESS STATISTICS 71

666. Business Statistics is the science of deter- D. 2160


mining good policies in the face of uncer-
tainty and is used in many scientific disci- 671. A period for which index number is deter-

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plines such as; (4 correct choices) mined is called as
A. Management A. base period
B. Production B. normal period
C. Market Analysis C. current period
D. Econometrics D. none of the above
E. Data Processing
672. What is the number of possible outcomes
667. During the past year, Piazza’s Cloth- if two marbles are picked out of a bag that
iers sold a certain sweater at different contains three red marbles and three blue
prices:$42.95, $36.50, $40.75, $38.25, marbles? [Note:Order does not matter.]
and $43.25. Find the mean of the set of A. 2
data.
B. 3
A. 36.5
C. 4
B. 40.34
C. 40.75 D. 6

D. 42.95 673. Tally marks determines


668. A normal distribution has a shape and A. class width
describes the tendency of data clustering B. class boundary
around a central value, which is the
C. class limit
A. bell, population mean
D. class frequency
B. bell, sample mean
C. circle, populations standard deviation 674. Identify the sampling technique
D. bell, sample standard deviation used:Students are classified according to
major. Twenty students are selected from
669. Population is? each major and asked how often they use
A. A portion or part of the population of the library.
interest. A. Random sample
B. The entire set of individuals or objects B. Stratified sample
of interest or the measurements obtained
C. Cluster sample
from all individuals or objects of interest.
D. Systematic sample
670. A six-digit number is formed with the dig-
its 2, 3, 4, 5, 6, 7 and 8. If repetition of 675. What is the formula of CV?
digits is not allowed, what is the number σ
of possible numbers that are odd number?
A. x × 100

σ × 100
x
A. 720 B.
σ
B. 2880 C. x × 10

x × 100
Md
C. 20160 D.

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1.1 BUSINESS STATISTICS 72

676. The number of class intervals (k ) is cal- B. numbers of chairs


culated using Sturges Rule
C. types of glasses
A. k = 1 + 3322 log N
D. marital status
B. k = 1 + 3332 log N
C. k = 1 + 3333 log N 681. Match following levels of measurement
with the examples:The temperature in Cel-
D. None of these cius

NARAYAN CHANGDER
677. Sarah, Sammie, Victor, Vicki, and Valerie A. Nominal
are in math group. Two students are ran-
B. Ordinal
domly picked to be the co-leaders. What
is the probability that the students picked C. Interval
were Sammie and Victor?
D. Ratio

682. shows that the null hypothesis be re-


jected when test value is in the critical on
one side of the mean.
A. one-tailed test
B. two-tailed test
A. 1/25 683. Which of the following statement is not
B. 2/5 true for correlation analysis?
C. 1/5 A. It is a univariate analysis
D. 1/20 B. It is a bivariate analysis
678. The heights of some students are C. It is a multivariate analysis
given.158cm 172cm 164cm164cm 167cm D. Both b and c
159cm What is the RANGE of the heights?
A. 13 cm 684. If there exists any relationship between
the sets of variables, it is called-
B. 330 cm
A. Regression
C. 164 cm
D. 14 cm B. Correlation
C. Skewness
679. Lizzy had test scores of:72, 94, 108, 60
What is the RANGE of her test scores? D. Kurtosis
A. 12 685. In a spreadsheet formula which symbol is
B. 72 used to multiply?
C. 48 A. +
D. 98 B. -
680. Example of quantitative data C. *
A. color of eyes D. x

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1.1 BUSINESS STATISTICS 73
2
686. THE PROCESS OF PRESENTING DATA IN 691. In Rank Correlation formula(R)= 1- n6Σd
3 −n
THE FORM OF A TABLE IS CALLED?
A. d= R2 − R1

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A. ORGANISATION B. d= R2 − R1
B. CLASSIFICATION C. d= R1 − R2
C. PRESENTATION D. d= R1 − R2
D. TABULATION
692. A new car was put into production. It
687. If the probability of hitting an object is involved many assembly tasks. Each car
0.8, find the variance wasinspected at the end of the assembly
line and the number of defects per unit was
A. 0.18 recorded.For the first 100 cars produced,
B. 0.16 there were 40 defective cars. Some of the
cars had nodefects, a few had one defect,
C. 0.14
and so on. The distribution of defects fol-
D. 0.12 lowed a Poissondistribution. Based on the
first 100 cars produced, about how many
688. The mean amount spent by a family of out of every 1, 000cars assembled should
four on food is $500 per month with have one or more defects?
a standarddeviation of $75. Assuming
that the food costs are normally dis- A. About 330
tributed, what is theprobability that a fam- B. About 165
ily spends less than $410 per month? C. About 660
A. 0.8750 D. About 630
B. 0.2158
693. The independent variable is also called as
C. 0.1151
A. Regressand
D. 0.0362
B. Predictand
689. the following is time (in seconds) taken C. Regressor
for five men to run in a sprint race 59, 65,
D. Estimated
61, 62, 55 what is the mean of the time
taken? 694. Which one of the following is the relation-
A. 60.0 ship between mean, median and mode
B. 60.4 A. Mode = Median-Mean

C. 61.0 B. Mode = Median-2 Mean

D. 61.4 C. Mode = 3 Median-2 Mean


D. Mode = 3 Median-Mean
690. What is the formula of Regression?
695. The scores attained by a group of Statis-
A. Y = aXbX
tics students on a test are 66, 54, 72, 81,
B. Y = a/bX 60, 54. What is the median score?
C. Y = a+bX A. 81
D. Y = aX+bZ B. 72

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1.1 BUSINESS STATISTICS 74

C. 63 701. Which of the following represents infer-


D. 54 ential statistics?
A. The mean score of the cricket team
696. Which one of the following is a relative
this season.
measure of Dispersion?
A. Standard Deviation B. Predicting the mean score of the
cricket team for the next season.
B. Variance
C. A line graph showing the team’s
C. Coefficient of Variation

NARAYAN CHANGDER
scores for this season.
D. None of the above
D. The standard deviation of the team’s
697. Wellstone Inc. produces and markets re- score for this season.
placement covers for cell phones in five dif-
ferent colors. To estimate the demand for 702. The values which divides the series into
each color, the company set up a survey ten equal parts is called
and asked randomly selected people which A. Median
cover color was their favorite. If Well-
stone Inc. plans to produce one million cell B. Quartile
phone covers, how many of Metallic Black C. Decile
color should be produced?
D. Percentile
A. 220000
B. 350000 703. Which of the following is not a Measure
of Central Tendency?
C. 250000
A. Mean
D. 80000
B. Median
698. In moving average method we cannot
find trend values of some C. Mode
A. End Periods D. Standard Deviation
B. Middle Period 704. A spinner has 8 equal regions. Each re-
C. Starting and End Periods gion is marked with one of the following
D. Starting Periods numbers:10, 20, 30, 40, 50, 60, 70, 80.
What is the probability of an even number
699. Find the median for the following list of being spun on the first roll?
values:13, 18, 13, 14, 13, 16, 14, 21, 13
A. 13
B. 14
C. 15
D. 16
700. Median is the middle value of a data set A. 1/8
when arranged in ascending order. True or
False? B. 1/2
A. True C. 1
B. False D. 3/8

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1.1 BUSINESS STATISTICS 75

705. A lecturer wants to know how students 710. WHICH OF THE FOLLOWING STATEMENT
in the class did on their first semester fi- IS TRUE?
nal exam. He asks 15 students by call-

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A. DESCRIPTIVE STATISTICS DEALS
ing their name from the class attendance WITH ‘HOW’ AND ‘WHY’ OF A PHE-
list to state their CGPA result. He con- NOMENON
cludes from their report that the class did
extremely well. What is the sample? B. RECENT GROWTH OF STATISTICS IS
MORE TOWARDS INFERENTIAL STUDIES
A. Students in the first semester AS COMPARED TO DESCRIPTIVE STATIS-
B. Staff and students at POLIMAS TICS
C. Students of all semesters C. STATICTICS IS AS PRECISE AS MATHE-
D. 15 students in the first semester MATICS OR ACCOUNTANCY
D. STATISTICS DOES NOT COVER GRAPH-
706. Statistics can be divided into two main ICAL DEVICES
areas. They are:
A. Continuous and Discrete 711. 0

B. Quantitative and Qualitative A. 170


C. Histogram and Bar Chart B. 0
D. Descriptive and Inferential C. 340
D. 1700
707. A. 144
B. 148 712. The letters that form the word ALGEBRA
are placed in a bowl. What is the probabil-
C. 152 ity of choosing a letter other than “A”?
D. 156 A. 2/7
708. True or false:The social security numbers B. 5/49
of students in a class represent quantita-
C. 5/7
tive data.
D. 10/49
A. TRUE
B. FALSE 713. All possible samples of size n are selected
from a population and the mean of each
709. How many bags of candy had between sampleis determined. What is the mean
30 and 40 orange candies? of the sample means?
A. It is larger than the population mean
B. It is smaller than the population mean
C. The population mean
D. It cannot be estimated in advance
A. 6 714. The waist sizes of pants at a store are an
B. 10 example of which of the following?
C. 7 A. Discrete data
D. 8 B. Continuous data

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1.1 BUSINESS STATISTICS 76

C. Descriptive data 720. To find the you put all numbers in or-
der from least to greatest and then take
D. Inferential data
the largest number minus the smallest
number.
715. What is the formula for calculating the re-
gression line? A. Mean
A. y = ax + b B. Median
B. y = mx + c C. Mode

NARAYAN CHANGDER
C. y = nx + b D. Range

D. y = mx + b 721. The degree of relationship between two


variables is known as
716. A jar contains 2 pink, 6 red, and 4 blue A. Correlation
marbles. If you pick one marble without
looking, what is the probability that the B. Regression
marble you pick will be red or blue? C. Dispersion
A. 5/6 D. Time series
B. 1/2 722. Quartile 1 is Median
C. 1/3 A. equal to
D. 1/6 B. half of
C. double of
717. The coefficient of skewness method in
which the basis of measuring is deciles and D. one fourth of
percentiles is classified as
723. The numbers given contain levels are
A. Kelly’s Coefficient of Skewness data
B. Gary’s Coefficient of Skewness A. Nominal
C. Sharma’s Coefficient of Skewness B. Ordinal
D. Pearson’s Coefficient of Skewness C. Interval
D. Ratio
718. Statistics can help to predict the future
growth of an economy. 724. What is the area under the normal curve
A. True between z =-1.0 and z =-2.0?
A. 0.3413
B. False
B. 0.0228
719. A portion or part of a population is called C. 0.4772
a
D. 0.1359
A. Random survey
725. THE FIRST STEP IN THE FORMATION OF
B. Sample
A FREQUENCY TABLE IS
C. Tally
A. CHOOSING A SUITABLE SIZE OR
D. Frequency distribution WIDTH OF CLASS INTERVAL

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1.1 BUSINESS STATISTICS 77

B. ESTABLISHING THE BOUNDARIES OF 731. Choose the correct sequence of steps fol-
EACH CLASS INTERVALS lowed in a statistical enquiry-

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C. DECIDING AN APPROPRIATE NUMBER A. Collection of data organisation of data
OF CLASS GROUPINGS presentation of data analysis of data inter-
D. CLASSIFYING THE DATA INTO APPRO- pretation of data
PRIATE CLASSES B. Organisation of data presentation of
726. Which of the following is not a Measure Data Collection of data interpretation of
of Dispersion? data analysis of data
A. Standard Deviation and, C. Collection of data analysis of data pre-
sentation of data organisation of data in-
B. Variance
terpretation of data
C. Mode
D. Collection of data analysis of data or-
D. Range ganisation of data presentation of data in-
727. Is a small portion or part of a population terpretation of data
A. Sample 732. Variables which can assume values that
B. Statistic manifest the concept of attributes
C. Population A. Continuous
D. Parameter B. Discrete
728. Find the MEDIAN 77, 83, 83, 85, 87, 90, C. Qualitative
90, 93, 94, 99, 99
D. Quantitative
A. 85
B. 87 733. Probability is the measure of the likeli-
hood of an event occurring. True or False?
C. 90
D. 93 A. True
B. False
729. Arithmetic mean is 36 of x and y is 85
Standard deviation 11 of x and y is 8. Cor- 734. A firm offers routine physical examina-
relation is 0.66 find X on Y? tions as part of a health service program
A. x = 0.9075, Y is-41.1375 for itsemployees. The exams showed that
B. X = 0.365 y = 22.48 8% of the employees needed corrective
shoes, 15%needed major dental work,
C. x = 13.88 y = 17.5 and 3% needed both corrective shoes and
D. none of above major dental work.What is the probability
that an employee selected at random will
730. A person classified data based on the
need either correctiveshoes or major den-
time at which a machine breakdown. This
tal work?
type of classification is called
A. Qualitative classification A. 0.20

B. Quantitative classification B. 0.25


C. Chronological classification C. 0.50
D. Geographical classification D. 1.00

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1.1 BUSINESS STATISTICS 78

735. Ranked from smallest to largest, the


numbers of calories for the seven cereals
are as follows:80 100 100 110 130 190
200Find the mean.
A. 90
B. 100
C. 105

NARAYAN CHANGDER
D. 130

736. A study will be conducted on the scores A. 19 points per game


in the aptitude test of Grade 7 students B. 95 points per game
in Cavite. What is the population of the
study? C. 18.6 points per game
A. B. Grade 7 students D. 22 points per game
B. Grade 7 students in Cavite
741. The sample chosen in such that a way
C. High school students that every subset or observation of the
D. Students in Cavite population has the same probability of be-
ing selected.
737. Time series analysis is used to detect pat-
terns of change in Statistical information A. Simple Random Sampling
over regular intervals of time B. Systematic Sampling
A. True
C. Stratified Sampling
B. False
D. Cluster Sampling
738. Are facts or a set of information or obser-
vation under study 742. Which of the following is a measure of
A. Variable dispersion?
B. Data A. Mean
C. Quantitative Data B. Median
D. Qualitative Data C. Mode
739. What one is NOT right about Z-score D. Standard Deviation
A. Z scores help identify outliers
743. Three members of a UPH Student com-
B. The Z score of a value is the difference mittee will be randomly selected from five
between that value and the mean, divided people. How many differentcombinations
by the standard deviation are possible?
C. Z-score can not be negative
A. 10
D. Z-score can be zero
B. 8
740. In the last 5 games, Kevin Durant scored
C. 12
22, 22, 18, 12, and 21 points. What is
Durant’s Mean (Average) score per game? D. 14

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1.1 BUSINESS STATISTICS 79

744. If a student was randomly chosen from C. Interval


this population, find P(male) =? D. Ratio

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748. WHICH OF THE FOLLOWING STATEMENT
IS NOT TRUE?
A. KARL PEARSON’S MEASURE OF SKEW-
NESS IS THE MOST FREQUENTLY USED
MEASURE
A. .5
B. LEPTOKURTIC CURVE IS NEITHER TOO
B. .6238
MUCH FLAT AND NOR TOO MUCH PICKED
C. .4917
C. A PLATYKURTIC ARE IS A RELATIVELY
D. .4291 FLAT CURVE
745. Which two types of websites combined D. FOR LAPTOPKURTIC DISTRIBUTION,
received the same number of votes as the THE MEDIAN IS THE MOST APPROPRIATE
type of website with the greatest number AVERAGE
of votes?
749. Which of the following is true regarding
the normal distribution?
A. The points of the curve meet the x-axis
at z =-3 and z = 3.
B. The mean, median, and mode are all
equal.
C. It is asymmetrical.
D. It has two modes.

A. Videos 750. Find the range. 5, 15, 10, 20, 15, 10,
B. Games Music 15
C. News Sports A. 5
D. Games News B. 10
C. 15
746. What is the variance of this set of
data?2, 4, 6 D. 13
A. 4 751. It is defined as the reciprocal of the aver-
B. 1.67 age of the reciprocals of the data values.
C. 2.33 A. Arithmetic Mean
D. 2.67 B. Weighted Average

747. Match following levels of measurement C. Geometric Mean


with the examples:Income level (T20, B40, D. Harmonic Mean
M40)
752. Skewness is a measure of the asymme-
A. Nominal try of a probability distribution. True or
B. Ordinal False?

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1.1 BUSINESS STATISTICS 80

A. True B. 10
B. False C. 1

753. Which of the following is an example of D. 5.5


a continuous variable? 759. We can measure the cause and effect re-
A. Tons of concrete to complete a parking lationship by
garage
B. Number of students in a statistics

NARAYAN CHANGDER
class
C. Zip codes of shoppers
D. Rankings of baseball teams in a league

754. A variable that can be manipulated so its A. Time series analysis


values will change B. Correlation analysis
A. independent variable C. Regression analysis
B. dependent variable D. Cross-sectional analysis
755. Calculate the RANGE for the data set:6, 760. This sampling technique is called lottery
7, 12, 8, 7, 4, 8, 8, 7 which is done by simply writing the names
A. 7 or numbers of all members of the popula-
tion.
B. 7.44
A. Systematic random sampling
C. 8
B. Simple random sampling
D. 7 and 8
C. Stratified random sampling
756. To find the number of observations less D. Purposive sampling
than any given value we use
A. Single frequency distribution 761. State the level of measurement for the
height of students
B. Grouped frequency distribution
A. Ratio
C. Cumulative frequency distribution
B. Interval
D. None of the above
C. Ordinal
757. In statistics, a population consists of D. Nominal
A. All people living in country
762. If a coin and a dice are thrown simultane-
B. All people living are under study ously, then the number of elements in the
C. All subjects and objects whose charac- sample space resulting from the toss is
teristics are being studied A. 2
D. None of the above B. 4

758. Find the median of the set of numbers:1, C. 16


2, 3, 4, 5, 6, 7, 8, 9 and 10. D. 12
A. 55 E. 36

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1.1 BUSINESS STATISTICS 81

763. A regular 6-sided die is to be rolled once. 767. A fire in a factory delaying production for
What is the probability that a number less some weeks is
than or equal to 4 is rolled?

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A. Secular Trend
B. Cyclical Trend
C. Irregular Trend
D. Seasonal Trend

768. Look at the following picture and match


the following statements correctly. If one
where the tail of the distribution is shifted
towards the right, that is, it has a tail
A. 1/2 in the positive direction of the curve. is
B. 1/4 distribution

C. 5/6
D. 2/3

764. LAST TWO DECADES GDP GROWTH IS


VOLATILE. WHILE CALCULATING AVERAGE
GROWTH OF ECONOMY, THE CORRECT
MEAN TO USE IS
A. WEIGHTED MEAN
B. GEOMETRIC MEAN
A. Leaning Left
C. ARITHMETIC MEAN B. Symmetrical
D. EITHER (A) OR (C) C. Tilt Right
765. Data in frequency form is better to use D. none of above
graphs?
769. These numbers are taken from the num-
A. Line Graph ber of people that attended a particular
B. Bar Graph church every Friday for 7 weeks:62, 18,
39, 13, 16, 37, 25. Find the mean.
C. Circle Graph
A. 25
D. Graphics Ogive
B. 210
E. Graphics Scatter
C. 62
766. If both the variables are changing in the D. 30
same ratio, then the correlation is
770. is the systematic presentation of the
A. linear
information in rows and columns in accor-
B. non-linear dance with some salient features.
C. positive A. Classification
D. negative B. Tabulation

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1.1 BUSINESS STATISTICS 82

771. level of measurement, data are arranged 775. Which of the following statement uses
in some specified order or rank descriptive statistics?
A. Nominal A. The researcher identified the number
of male and female in Grade 7 level.
B. Ordinal
B. A survey concluded that the Syn-
C. Interval chronous Approach in Teaching Mathe-
D. Ratio matics is better than Asynchronous Ap-
proach.

NARAYAN CHANGDER
772. Wellstone Inc. produces replacement cov-
C. A teacher compared the study habits
ers for cell phones in five colors. To es-
of Synchronous and Asynchronous stu-
timate the demand for each color, the
dents.
company set up a survey and asked ran-
domly selected people which cover color D. The researcher analyzed if there is a
was their favorite. What is the Relative significant differences on the attitude of
Frequency of Magnetic Lime? male and female students towards Math-
ematics 7
A. 0.08
B. 0.25 776. Refers to a large collection of objects,
persons, places, or things
C. 0.35
A. Sample
D. 0.22
B. Parameter
773. Wellstone Inc. produces replacement cov- C. Population
ers for cell phones in five colors. To es- D. Statistic
timate the demand for each color, the
company set up a survey and asked ran- 777. Which one of them is the simplest method
domly selected people which cover color to find correlation
was their favorite. What is the Relative
A. Karl pearson’s method
Frequency of Metallic Black?
B. Rank correlation method
A. 0.08
C. Concurrent deviation method
B. 0.25
D. Correlation graph
C. 0.35
778. The probability that a Formula 1 driver is
D. 0.22
involved in an accident each time he races
774. WHICH OF THE FOLLOWING STATEMENT is 1/10. If he take part in three races,
IS NOT TRUE? find the probability that he involved in an
accident in exactly two of the races.
A. STATISTICS ARE AFFECTED BY A NUM-
A. 27/1000
BER OF FACTORS
B. 9/1000
B. SOMETIMES STATISTICS IS USED TO
SUPPRESS UNFAVOURABLE RESULTS C. 1/1000
C. A SINGLE FIGURE IS NOT STATISTICS D. 729/1000

D. STATISTICS DEALS WITH QUANTITA- 779. Ranked from smallest to largest, the
TIVE DATA numbers of calories for the seven cereals

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1.1 BUSINESS STATISTICS 83

are as follows:80 100 100 110 130 190 C. 7


200Find the interquartile range. D. 18

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A. 90
783. Given a mean of 75 and a standard devi-
B. 100 ation of 7, what percentage of scores are
C. 105 between 75 and 82?
D. 130 A. 68%
B. 81.5%
780. Passche’s Index number is also called
C. 16%
A. Base Year Weighted Index
D. 34%
B. Price Weighted Index
C. Simple Aggregative Index 784. Which one of the following is the relation-
ship between mean, median and mode
D. Current Year Weighted Index
A. Mode = Median-Mean
781. A business venture can result in the B. Mode = Median-2 Mean
following outcomes (with their corre-
C. Mode = 3 Median-2 Mean
sponding chanceof occurring in parenthe-
sis):Highly Successful (10%), Successful D. Mode = 3 Median-Mean
(25%), Breakeven(30%), Disappointing
785. This method involves selecting every nth
(15%), and Highly Disappointing (?). If
member of the population after a random
these are the onlyoutcomes possible for
starting point is chosen.
the business venture, what is the chance
that the business venturewill be consid- A. Systematic Sampling
ered Highly Disappointing? B. Purposive Sampling
A. 10% C. Snowball Sampling
B. 15% D. None of these
C. 20% 786. The number that appears the most often
D. 25% is called the
A. mean
782. What is the mode of 16, 18, 20, 21, 21,
21, 32, 40? B. median
C. mode
D. range
787. When the confidence interval does not
contain the hypothesized mean,
A. do not reject the Ho
B. reject Ho
788. “Statistics does not help in comparison of
data of different regions”
A. 21 A. True
B. 56 B. False

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1.1 BUSINESS STATISTICS 84

789. Which one of them is difficult to calculate 794. The two regression coefficients bxy and
A. range byx will have

B. quartile deviation A. Opposite signs

C. mean deviation B. Same signs

D. standard deviation C. always positive


D. always negative
790. The data based on different states of In-

NARAYAN CHANGDER
dia is an example of classification 795. Examples of discrete probability distribu-
A. Geographical classification tion
B. Chronological classification A. Poisson distribution
C. Quantitative classification B. Normal distribution
D. Qualitative classification C. Binomial distribution

791. The most attractive method of data pre- D. none of above


sentation is
796. Find the median of the set of num-
A. Textual bers:100, 200, 450, 29, 1029, 300 and
B. Tabular 2001.
C. Diagrammatic A. 300
D. All of the above B. 29
E. None of the above C. 7

792. The data in the picture: D. 4080

797. Which of the following is a qualitative


variable?
A. The shoe size of students in a class.
B. The marital status of employees in a
company.
A. is negatively skewed C. The scores of students on a Statistics
B. positively skewed test.
C. symmetrical D. The height of athletes in a competition.
D. none of above
798. Descriptive statistics
793. The arithmetic mean of 25, 40, 55, 75, A. use data from a sample to answer
95 questions about population.
A. 53 B. allow you to generalize beyond the
B. 55 data at hand.
C. 58 C. summarize and describe data.
D. 59 D. none of above

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1.1 BUSINESS STATISTICS 85

799. Joint event is 805. statistics means


A. each possible outcome of a variable A. Data

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B. collection of all the possible events B. Process/ Method
C. described by a single characteristic C. Both the above
D. an event that has two or more charac- D. None of the above
teristics
806. If the values of two variables move in the
800. Quartiles formula in discrete series is
opposite direction
A. Q1 = N+1/4
A. The correlation is negative
B. Q2 = N+1/4
B. The correlation is Positive
C. Q1 = N+1/4Q3 = 3(N+1)/4
C. The correlation is Linear
D. none
D. The correlation is Non-linear
801. Which of the following termed as “De-
scriptive Statistics” 807. years = 1971, 72, 73, 74, 75, 76, 77y
A. Mean = 7, 10, 17, 28, 43, 62, 85x =?find xy
= for all the years in least square method
B. Standard Deviation answer
C. Regression A. 364 Mathematical Equivalence ON
D. Correlation
808. The process of thoroughly checking the
802. is a part of a group being surveyed. collected data to ensure optimal quality
A. Sample level is
B. Population A. Validation
C. Random Sample B. Editing
D. Quartile C. Classification
803. The sample of 10 times to get ready in D. Entry
the morning, the mean is 39.6 minutes,
the standard deviation is 6.77 minutes, 809. Given X = 10 and S.D = 2.5, the co-
and the time to get ready on the first day efficient of standard deviation is
is 39.0 minutes.What is the Z score for A. 25
Day 1? B. 0.25
A. -0.09
C. 4
B. 0.09
D. 250
C. 5.76
D. -5.76 810. Making an inference is the same thing as

804. Data that can be expressed as a fraction


A. making an educated guess
of a number (for example, the weight of
all newborn babies) B. taking a sample from a population
A. discrete C. conducting a survey
B. continuous D. none of above

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1.1 BUSINESS STATISTICS 86

811. regression analysis which confines it self 816. In which field of study shows the im-
to study of only two variables is called portance of statistics matches:Assess stu-
A. regressor dents’ performance and correlate factors
affecting teaching and learning processes?
B. predictor
A. Banking
C. regression
D. dependent B. Business
C. Education
812. What is the probability of event A and B

NARAYAN CHANGDER
D. Medicine

817. Find the MEDIAN 77, 83, 83, 85, 87, 90,
90, 93, 94, 99, 99

A. 0.6 A. 77

B. 0.1 B. 99
C. 0.35 C. 90
D. 0.9 D. 87
813. The y-axis in a straight line graph 818. Refer to Exhibit 2, what is the probability
indicates , while the horizontal x-axis that in a given game the Lions will score
measures units of at least 1 goal?
A. class, division
B. quantity, time
C. quality, class
D. range, median

814. A small portion or a subset of the popula- A. 0.20


tion on which data is collected for conduct-
B. 0.55
ing statistical analysis is called
A. a population C. 1.0

B. a census D. 0.95
C. a sample 819. is the range of the values of the test
D. a data set value that indicates that the difference
was probably due to chance and that the
815. Business Statistics helps a business to
null hypothesis should not be rejected.
deal with uncertainties by forecasting sea-
sonal, cyclic and general economic fluctua- A. Critical or rejection region
tions. B. Non-critical or non-rejection region
A. True
B. False 820. What is the probability of picking a green
marble, keeping it, then picking another
C. Maybe green marble? (leave answer in fraction
D. none of above form in lowest terms)

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1.1 BUSINESS STATISTICS 87

825. On a very hot summer day, 5% of the


production employees at Midland States
Steel areabsent from work. The produc-

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tion employees are randomly selected for
a special in-depthstudy on absenteeism.
What is the probability of randomly select-
ing 10 productionemployees on a hot sum-
mer day and finding that none of them are
absent?
A. 9/49 A. 0.599
B. 1/7 B. 0.002
C. 3/14 C. 0.100
D. 6/42 D. 0.344
821. There are two types of statistics, descrip- 826. WHEN AN OBSERVATION IN A DATA SET
tive and inferential. The methods used to IS ZERO, THEN THE GEOMETRIC MEAN IS
estimate a property of a population on the
basis of a sample is called as? A. NEGATIVE
A. INFERENTIAL STATISTICS B. ZERO
B. DESCRIPTIVE STATISTICS C. POSITIVE

822. Co-efficient of Quartile Deviation is D. CAN NOT BE CALCULATED


Q3 +Q1
A. 2 827. A coin is tossed four times. The following
Q3 −Q1 table summarizes the experiment. What is
B. 2
Q1 −Q3 thefollowing table called?
C. 2
Q3 +Q1
D. 4

823. Index numbers are used to measure


changes in a variable over time. True or
False?
A. Cumulative frequency distribution
A. True
B. Probability distribution
B. False
C. Frequency table
824. Which of the following statement cor-
rectly specify the functions of statistics D. Standard deviation
A. Statistics facilitate comparison 828. What is the mean of this set of data? 2,
B. Statistics helps in prediction 15, 7
C. Statistics helps in the formulation of A. 24
plans and policies
B. 3
D. It statistics helps and condensing
C. 6
mass data into a few numerical measures
such as mean-variance etc. D. 8

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1.1 BUSINESS STATISTICS 88

829. Which is a discrete probability distribu- B. Grouped bar chart


tion and its bell-shaped curve is C. A or B
A. Bernoulli distribution D. A and B
B. Binomial Distribution
835. Percentile divides the data into how
C. Poisson distribution many equal parts?
D. Normal Distribution A. 4
E. Hypergeometric Distribution

NARAYAN CHANGDER
B. 10
830. Sample Variance C. 99
2
Σ(µ +xi ) D. 100
A. s2 = N
Σ(xi −µ )2 836. Descriptive statistics can be defined as:
B. s2 = N
Σ(xi −x)2 A. analyzing sample data
C. s2 = n−1
B. organizing and summarizing data
Σ(xi +x)2
D. s2 = n−1 C. making inference about a population
based on samples
831. Range, standard deviation, and variance
are ‘similar’ in that each looks at D. testing sample data in order to arrive
at a conclusion about the population
A. the difference between high and low
scores 837. Is it suitable to use graphs for monthly
B. how spread out the data is sales data over several years?
C. the numerical value that occurs most A. Line Graph
often B. Bar Graph
D. the collection to be sampled C. Circle Graph
832. Involves describing the data by using sta- D. Graphics Ogive
tistical method and procedures E. Graphics Scatter
A. Statistics
838. A statistics professor receives an av-
B. Analysis erage of five e-mail messages per day
C. Interpretation from students.Assume the number of mes-
D. Collection sages approximates a Poisson distribution.
What is theprobability that on a randomly
833. Statistics includes selected day she will have no messages?
A. collection of data A. Zero
B. summarising of data B. Impossible to have no messages
C. interpretation of data C. 0.0067
D. none of the three D. 0.0335

834. To compare two or more related series, 839. Suppose we select every fifth invoice in
we consider a file. What type of sampling is this?
A. Multiple bar chart A. random

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1.1 BUSINESS STATISTICS 89

B. Cluster B. The length of time a machine operates


C. Stratified before requiring repairs

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D. Systematic C. The volume of drinking water poured
into bottles by a filling machine
840. Choose the correct option
D. The distance travelled by students
from home to school

845. Given the class “21-30” Determine the


Class Width
A. 9
A. THE DISTRIBUTION IS NEGATIVELY
SKEWED B. 10
B. THE DISTRIBUTION IS POSITIVELY C. 11
SKEWED
D. 12
C. THE DISTRIBUTION IS SYMMETRICAL
D. NONE OF THE ABOVE 846. What is Statistics?
A. Relevant information
841. What is the median?
B. Involves scientific procedures and
A. biggest-smallest
methods
B. average
C. decision making process
C. the middle #
D. data are generated
D. # that happens the most

842. FOR THE GIVEN SET OF OBSERVATIONS 847. A statistics student made the following
51.6, 48.7, 50.3, 49.5 AND 48.9, WHICH grades on 5 tests:84, 78, 88, 78, and 72.
OF THE FOLLOWING IS NOT TRUE? What is the mode?

A. MEAN IS GREATER THAN MEDIAN A. 78


B. MODE CAN NOT BE CALCULATED B. 80
C. MEDIAN IS EQUAL TO MODE C. 88
D. MEDIAN IS 0.30 LESS THAN MEAN D. 84

843. In a binomial distribution, the mean value E. 82


is given by
848. Which is the characteristic of systematic
A. np sample
B. n A. every item from a frame has the same
C. p chance of selection as every other item
D. np(1-p) B. expensive to implement
844. Which of the following is a discrete vari- C. divide the N items in the frame into
able? clusters that contain severalitems
A. The number of defective watches pro- D. taking every kth item from the entire
duced weekly in a factory frame

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1.1 BUSINESS STATISTICS 90

849. Wellstone Inc. produces and markets re-


placement covers for cell phones in five dif-
ferent colors. To estimate the demand for
each color, the company set up aa survey
and asked randomly selected people which
cover color was their favorite. What is the
table called?
A. Cumulative Relative Frequency A. 1/3

NARAYAN CHANGDER
B. Frequency Tables B. 1/6
C. 1/2
C. Bar Chart
D. 2/3
D. Pie Chart
854. For the sample of 10 getting-ready times,
850. The weekly mean income of a group of the mean X = 39.6 and standard deviation
executives is $1, 000 and the standard de- S = 6.77, the coefficient of variation is
viation ofthis group is $100. The distribu-
A. 17.10%
tion is normal. What percent of the exec-
utives have anincome of $925 or less? B. 25.25%

A. About 50% C. 67.7%


D. 5.85
B. About 85%
C. About 23% 855. The nonparametric equivalent of an un-
paired samples t-test is
D. About 15%
A. Sign test
851. Which one them is not a type of average B. Kruskal Wallis Test
A. Mathematical Average C. Wilcoxon signed rank test

B. Statistical Average D. Mann-whitney u test

C. Calculated Average 856. What is the mode of this data set? 6, 5,


5, 9, 8, 7, 9
D. Positional Average
A. 9 and 6
852. Which one of the following is the relation- B. 5
ship between mean, median and mode
C. 9
A. Mode = Median-Mean D. 5 and 9
B. Mode = Median-2 Mean
857. Base year for Price Index Number Is de-
C. Mode = 3 Median-2 Mean noted as
D. Mode = 3 Median-Mean A. P0
B. P1
853. A regular 6-sided die is to be rolled once.
What is the probability that a number less C. P0Q0
than 3 is rolled? D. P1Q1

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1.1 BUSINESS STATISTICS 91

858. A bank asks customers to evaluate the C. 12/13 or 0.923


drive-thru service as good, average, or D. 1/3 or 0.33
poor.Which level of measurement is this

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classification? 863. When each member of the population has
A. Nominal some chance of being selected and if that
chance is the same, we call this situation
B. Ordinal
C. Interval A. simple random sampling
D. Ratio B. systematic sampling
859. For the continuous series, Q1 C. cluster sampling
4 −m
N
D. convenience sampling
A. l + f
N
4 +m
864. The area under standard normal curve is
B. l + f ×c
A. One
4 −m
N
C. l − f ×c B. Zero
4 −m
N
D. l + ×c C. Infinity
f
D. Cannot be defined
860. Primary data
865. Statistics published in newspapers are
A. second hand data examples
B. first hand information A. primary data
C. data from other parties B. secondary data
D. annual report C. both of the above
861. A population is D. none of the above
A. a planned activity whose results yield 866. It is a non-probability sampling technique
a set of data where samples are selected from the pop-
B. consists of all the items or individu- ulation only because they are conveniently
als about which you want to reach conclu- available to the researcher.
sions. A. Cluster Sampling
C. the set of values collected from the B. Quota Sampling
variable from each of the elements that
C. Systemic Sampling
belong to the sample
D. Convenience Sampling
D. A numerical value summarizing the
sample data 867. Addition Law of Probability is defined
when the events are mutually exclusive
862. The first card selected from a standard
52-card deck was a king. If it is returned A. P (A ∪ B) = P (A) + P (B) −
to thedeck, what is the probability that P (A ∩ B)
a king will be drawn on the second selec- B. P (A ∪ B) = P (A) + P (B)
tion? C. P (A ∪ B) = P (A) + P (B) +
A. 1/4 or 0.25 P (A ∩ B)
B. 1/13 or 0.077 D. P (A ∪ B) = P (A) P (B)

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1.1 BUSINESS STATISTICS 92

868. Measure of Variability is an example of 872. A lunch menu has 3 types of sandwiches,
A. Descriptive Statistics 4 types of chips, and 5 types of drinks.
How many ways can a person order a
B. Inferential statistics sandwich, chips and a drink?
C. None of these A. 12
D. none of above B. 25
869. The most primitive level of measurement C. 60

NARAYAN CHANGDER
A. Nominal D. 120
B. Ordinal
873. What is the value of Q1
C. Interval
D. Ratio

870. Which of the following is an example of


an indirect method in collecting data?
A. Observation A. 7.5
B. Interview B. 22.5
C. Conversation C. 169.25
D. Questionnaire D. 297.38

871. HINT:BINOMIAL PROBABILITY (FOR THE 874. Poisson distribution is used to model the
SHORTCUT ANSWER YOU CAN USE TA- number of events occurring in a fixed in-
BLE)At the Express House Delivery Ser- terval of time or space. True or False?
vice, providing high-quality service to cus-
A. True
tomers is the toppriority of the manage-
ment. The company guarantees a refund B. False
of all charges if a package it isdelivering
does not arrive at its destination by the 875. Identify the data set’s level of measure-
specified time. It is known from past data ment:The IQ scores of students in a class.
thatdespite all efforts, 2% of the pack-
A. Nominal
ages mailed through this company do not
arrive at their destinationswithin the spec- B. Ordinal
ified time. Suppose a corporation mails 10 C. Interval
packages through Express HouseDelivery
Service on a certain day.Find the probabil- D. Ratio
ity that exactly one of these 10 packages
will not arrive at its destinationwithin the 876. The most practically used method of mea-
specified time. suring correlation coefficient is

A. A. 0.1867 A. Karl Pearson’s method


B. B 0.1767 B. Rank correlation
C. C 0.1667 C. concurrent deviation method
D. D. 0.1967 D. graphical method

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1.1 BUSINESS STATISTICS 93

877. A sample is 882. Which are probability samples


A. a subset of a population A. Simple Random Sample

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B. an infinite selection of a population B. Systematic Sample
C. a characteristic of a population C. Convenience Sample
D. a data value generated by the statisti- D. Stratified Sample
cal information E. Cluster Sample

878. Two independent events 883. The definition of sample is?


A. have the same probability A. A portion or part of the population of
B. cannot occur together interest.
B. The entire set of individuals or objects
C. have no effect on the occurrence of
of interest or the measurements obtained
each other
from all individuals or objects of interest.
D. none of above
884. Standard deviation is usually calculated
879. Which Of the following statement is from
false? A. Mean
A. When value of correlation coefficient B. Median
is one, the two regression lines is coincide
C. Mode
B. The regression coefficient is indepen-
dent of scale and origin D. All the above

C. The sign of regression coefficient is al- 885. Which of the following is a qualitative
ways same variable?
D. The square of coefficient of correlation A. The colours of birds in a cage.
is called coefficient of determination B. The weight of students in your class.
880. , 23, 16, 40, 46, 17, 37Calculate Median C. The scores of your classmates on a
from given the data Statistics Test.
A. 25 D. The height of first year students at
your college.
B. 22
C. 23 886. Probability can be studied with the help
of following approaches
D. 29
A. Classical approach
881. If events A and B are mutually exclusive B. Empirical approach
and P(A) =0.4 and P(B) =0.3, then the
C. Subjective approach
p (A ∪ B) =
D. Multiplication theorem
A. 0.12
B. 0.70 887. A fair dice and a fair coin are tossed si-
multaneously. What is the probability of
C. 0.58
getting an even number on dice and a head
D. 0.00 for coin?

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1.1 BUSINESS STATISTICS 94

A. 1/6 C. Determine if the data adequately rep-


B. 3/6 resents the population.

C. 1/2 D. Gather or collect data.

D. 1/4 892. A student spent $40 out of a total of


$120 which they had in their bag. What
888. One card is randomly picked from a regu- is the sector angle represented by the
lar deck of cards. What is the theoretical amount spent by the student?
probability that the card picked is a jack?

NARAYAN CHANGDER
A. 33 degrees
B. 80 degrees
C. 120 degrees
D. 160 degrees

893. Data classified under the basis of some


attributes is known as classification.
A. 1/13 A. Qualitative
B. 1/4 B. Quantitative
C. 3/16 C. Geographical
D. 1/10 D. chronological
889. Which of the following data collection 894. Our data come from , but we really
method requires less staff time? care most about
A. Observations A. theories; mathematical models
B. Surveys B. subjective methods; objective meth-
C. Interviews ods
D. Census C. samples; populations
D. population; sample
890. Suppose 1000 people are selected from
a population of 40, 000, 000 to answer 895. In Paasches price index number weight is
questions on a survey. Is this situation a considered as
representative sample?
A. quantity in base year
A. No, too small to be representative
B. quantity in current year
B. No, too large to be representative
C. prices in base year
C. Yes, the sample is representative
D. prices in current year
D. none of above
896. Which of the following situations is most
891. The main purpose of descriptive statistics likely not an example of statistics?
is to: A. Number of football players with seri-
A. Summarize data in a useful and infor- ous concussion each year.
mative manner. B. Number of people who visit a Wal-mart
B. Make inferences about a population. store daily.

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1.1 BUSINESS STATISTICS 95

C. Number of times a dog living on elm 901. If an increase (or decrease) in the values
street bark each week of one variable results, on an average, in
a corresponding increase (or decrease) in

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D. none of above
the values of the other variable the corre-
lation is said to be
897. Find the median of the call received on 7
consecutive days 11, 13, 17, 13, 23, 25, A. negative
19
B. positive
A. 13
C. Linear
B. 23
D. Non Linear
C. 25
902. To find the you add up all the numbers
D. 17 and then divide by how many numbers you
have.
898. Which one is not an arithmetic mean
A. Mean
A. Simple Arithmetic mean
B. Median
B. Combined Arithmetic mean
C. Mode
C. Weighted Arithmetic mean
D. Range
D. Geometric Arithmetic mean
903. Marital status is a
899. Find the median. 12, 5, 9, 18, 22, 25, 5
A. quantitative variable
A. 9
B. continuous quantitative variable
B. 8
C. qualitative variable
C. 12
D. discrete quantitative variable
D. 18
904. At Dominique’s Donuts the number of
900. This summation is the same as which se- donut holes in a bag can vary. Help Do-
ries? minique find the mode.12, 10, 10, 10, 13,
12, 11, 13, 10

A. 1 + 2 + 3 + 4 + 5 + 6
B. (1-2) + (2-2) + (3-2) + (4-2) + (5-2) A. 13
+ (6-2) B. 12
C. (1-2) + (6-2) C. 11
D. (1-2) + (2-2) + (3-2) + (4-2) D. 10

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1.1 BUSINESS STATISTICS 96

905. Avery tosses a coin 100 times. It lands A. 0.000


on heads 60 times and on tails 40 times.
B. 0.765
What is the experimental probability that
it will land on heads? C. 0.885
A. 1/2 D. 1.000
B. 2/3
C. 3/5 910. The size of the sampling error is

NARAYAN CHANGDER
D. 3/4 A. Inversely related to the sample size-in
other words, the larger the sample size,
906. What is the lower class boundary for the thesmaller the sampling error
class interval 87-99?
B. Inversely related to the population
A. 86.5 standard deviation-in other words, the
B. 87.5 smaller thestandard deviation, the larger
C. 98.5 the sampling error
D. 99.5 C. Directly related to the population
mean-in other words, the larger the mean,
907. FOR THE GIVEN SET OF OBSERVATIONS thelarger the sampling error
7, 8, 9, 9 AND 17
D. Directly related to the sample size-in
A. MEAN IS GREATER THAN MEDIAN
other words, the larger the sample size,
B. MODE IS GREATER THAN MEAN thelarger the sampling error
C. MEDIAN IS GREATER THAN MODE
911. A person has decided to construct a fre-
D. NONE OF THESE
quency distribution for a set of data con-
908. calculate three year weighted moving av- taining 60 numbers. The lowest number
erage for 1, 4, 1values are 2, 6, 1, 5, 3, is 23 and the highest number is 67. If 5
7, 2 so what is the first value of weighted classes are used, the class width should be
moving average? approximately
A. 4.5 A. 4
B. 2.5 B. 12
C. 4.0
C. 8
D. 5.5
D. 5
909. A study of interior designers’ opinions
E. 9
with respect to the most desirable pri-
mary colorfor executive offices showed
912. WHICH ONE OF THE CURVE IS MORE
that:What is the probability that a de-
PICKED THAN THE NORMAL CURVE?
signer does not prefer yellow?
A. MESOKURTIC.
B. PLATYKURTIC.
C. LAPTOKURTIC.
D. NONE OF THE ABOVE.

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1.1 BUSINESS STATISTICS 97

913. In how many ways can 3 men and 4 918. The value of correlation lies between
women be selected from 6 men and 5 A. -1 and 0
women?

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B. -1 and +1
A. 100
C. 0 and +1
B. 150
D. -0.5 <r<1.5
C. 200
919. Evaluate.
D. 250

914. What is the MEDIAN of this set of


data?10, 90, 80, 60, 50, 40, 70, 30, 20,
100
A. 50
B. 60 A. 20
C. 55 B. 28
D. 45 C. 18
D. 21
915. Which is an example of ratio scale?
A. time 920. For larger values of ‘n’, binomial distri-
bution
B. gender
A. loses its discreteness
C. grades
B. tends to poisson
D. all of these
C. stay as it is
916. Histograms are used to represent the D. gives oscillatory values
distribution of continuous data. True or
False? 921. A radio station asks its listeners to dial
one of two numbers to indicate their pref-
A. True erence for one of two candidates in an
B. False upcoming election. Of the responses re-
ceived, 76% favored candidate A. If there
917. How many more students have 10 or are 1, 500 registered voters, how many
more chores than students that have less will vote for candidate A?
than 2?
A. 1, 140
B. 6
C. 1, 974
D. 100

922. Who define the correlation as an analy-


A. 10 students
sis of the variation between two or more
B. 1 students variables
C. 4student A. W. I. King
D. 6 students B. Simpson

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1.1 BUSINESS STATISTICS 98

C. Kafka 927. Which of the following is not a correct


D. Tuttle statement about a probability?
A. It must have a value between 0 and 1
923. The empirical rule says that approxi-
mately what percentage of the values B. It can be reported as a decimal or frac-
would be within 2 standard deviations of tion
the mean in a bell-shaped set of data? C. A value of near o means that the event
A. 95% is not likely to happen

NARAYAN CHANGDER
B. 68% D. It is the collection of several experi-
ments
C. 50%
D. 97.7% 928. Given the class “21-30” Determine the
upper boundary
E. 100%
A. 20.5
924. If events A and B are independent and
B. 21
P(A) = 0.4 and P(B) = 0.3, then the
p (A ∩ B) =? C. 29.5
A. 0.12 D. 30.5
B. 0.70 929. Who proposed an application of a scien-
C. 0.58 tific method to an operations management
problem?
D. 0.00
A. Henry L. Gantt,
925. How many mountain bikes were sold?
B. Frederick W. Taylor
C. Vishal Singh
D. Adam Smith

930. A statistics professor asked students in


the class their ages. On the basis of that
information, the professor states that the
A. 22 average age of all the students in the uni-
versity is 21 years. This is an example of
B. 28
A. a census
C. 16
B. descriptive statistics
D. 6
C. an experiment
926. Some important sources of secondary
D. statistical inference
data are
A. Publications of central and state govt 931. the regression coefficient is independence
B. Publications of international organisa- of the change of
tions A. Scale only
C. Unpublished data B. Origin only
D. Committee reports C. Both scale and origin
E. All the above D. None of the above

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1.1 BUSINESS STATISTICS 99

932. Given a person with dark hair is chosen, 937. If coefficient of correlation is 1, it means
calculate the probability of them having A. Perfect positive correlation
blue eyes.

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B. Relative positive correlation
C. Perfect negative correlation
D. Relative positive correlation

938. True of False:If no value occurs most fre-


quently, then there is no mode for that
A. 87%
data set.
B. 100%
A. True
C. 33%
B. False
D. 53%
939. Which of the following are parametric
933. WHAT ARE THE TWO MAIN TYPES OF tests?
SAMPLING TECHNIQUES? A. t-test
A. Probability Sampling B. f-test
B. Non Probability Sampling C. Anova
C. Convenience Sampling D. Chi-square test
D. ClusterSampling
940. Computing Probability using the comple-
934. The reported unemployment is 5.5% of ment
the population. What measurement scale A. P (A) − 1 = P (Ac )
is usedto measure unemployment?
B. P (A) + 1 = P (Ac )
A. Nominal C. P (A) + 1 = P (Ac ) − 1
B. Ordinal D. P (A) = 1 − P (Ac )
C. Interval or ratio
941. For each of the following variables,
D. Descriptive which are categorical variable
935. A measure of tendency is a A. Amount of time spent shopping in the
bookstore
A. Multiple figure
B. Number of textbooks purchased
B. Double figure
C. Academic major
C. single figure
D. Gender
D. none of above
942. The correlation can be classified in the fol-
936. pr (A and B) = lowing ways
A. at(a) / at(b) A. positive and negative
B. at(a) q-at(b) B. simple, partial and multiple
C. at(a) q at(b) C. linear and non-linear
D. at(a) + at(b) D. all the above

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1.1 BUSINESS STATISTICS 100

943. WHICH OF THE FOLLOWING STATEMENT C. Equal to one


IS NOT CORRECT? D. Equal to minus one
A. EXTREME VALUES IN THE DATA AF-
FECT THE MEAN 949. A good estimator should satisfy these-
properties:
B. GEOMETRIC MEAN IS ALWAYS LESS
OR EQUAL TO THE MEAN A. It should be unbiased estimator
C. SOME DATA SETS DO NOT HAVE MEAN B. It should be consistent estimator

NARAYAN CHANGDER
D. AT TIMES WEIGHTED MEAN IS MUCH C. It should be relatively efficientestima-
BETTER THAN THE SIMPLE MEAN tor

944. The gathering, organizing, analyzing, and D. none of above


interpreting of data is called 950. What is the formula for calculating the
A. statistics mode?
B. descriptive statistics A. The mode is calculated by taking the
C. inferential statistics average of all the values in the data set.
D. levels of measurement B. There is no specific formula for calcu-
lating the mode. It is determined by iden-
945. If the data is given in continuous series, tifying the value(s) with the highest fre-
then which one them is not a formula for quency in the data set.
arithmetic mean
C. The mode is calculated by adding all
∑ fx
A. N the values in the data set and dividing by
the number of values.
B. A + ∑ Nf dx
D. The mode is determined by finding the
C. A + ∑ Cf dx × N median of the data set.
D. A + ∑ Nf dx ×C
951. Which is the average of the lower and
946. Seasonal variations are repetitive and upper limits of a class interval?
predictable variations around the trend A. Mean
line within a year.
B. Width
A. True
C. Range
B. False
D. Class Marks
947. Parameters are used to describe
952. is a statistical test for the mean of a pop-
A. sample
ulation. It is used when n>30, or when
B. population the population is normally distributed and
C. value population standard deviation is known.
D. data A. one sample z test
B. one sample t test
948. If one regression coefficient is greater
than one, then other will be 953. Ranking system is part of which classifi-
A. More than one cation?
B. Less than one A. Nominal

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1.1 BUSINESS STATISTICS 101

B. Ordinal 958. What type of variable is the profit earned


by a corporation?
C. Interval

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A. Qualitative
D. Ratio
B. Continuous
954. What is the mean of this data set? 2, 3,
C. Attribute
7, 4, 9
D. Discrete
A. 4
B. 5 959. Two mutually exclusive events
C. 6 A. have the same probability

D. 7 B. cannot occur together


C. have no effect on the occurrence of
955. Judging from recent experience, 5% of each other
the computer keyboards produced by anau-
tomatic, high-speed machine are defective. D. none of above
If six keyboards are randomly selected,
960. Skewness and kurtosis are measures of
what is the probability that none of the
central tendency. True or False?
keyboards are defective?
A. True
A. 0.735
B. False
B. 0.001
C. 0.167 961. If there are 20 girls and 15 boys in a class
then what is the ratio of number of girls to
D. 0.500 the total number of students in the class
956. What is the level of measurement for stu- A. 8/5
dent IQ? B. 4 / 3
A. Ratio C. 3/5
B. Interval D. 4/7
C. Ordinal
962. The sum of the percent frequencies for all
D. Nominal classes will always equal

957. Choose the correct option A. One


B. Number of classes
C. Number of items in the study
D. 100

963. Which one shows the shapes of data dis-


A. -0.17 tributions ifMean median

B. -0.27
A.
C. 0
D. 0.17

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1.1 BUSINESS STATISTICS 102

968. Mean is a type of


B. A. Average
B. Median
C. Mode
C. D. Range

969. Given sample data:8, 3, 7, 4, 5, 8, 5, 8,

NARAYAN CHANGDER
D. none of above 6. Calculate the mean, median and mode!
(Choose 2 correct answers)
964. It is the value that appears the most of- A. 5
ten in a data set
B. 6
A. Mean
C. 7
B. Median
D. 8
C. Mode
E. 5.5
D. None of These
970. CLUE:USER Mean and Standard Devi-
965. is used when population standard de- ation Binomial FormulaAccording to a
viation is unknown and the sample size is FindLaw.com survey of American adults
small? women, 61% support red lightcameras
A. T-score at intersections (USA TODAY, January 7,
2015). Assume that this percentage is
B. Z-score true forthe current population of adult
C. None of the above American women. What is the probabil-
ity that 500 or more suchwomen in a ran-
D. none of above
dom sample of 800 women will support
966. An ice cream parlor has six flavors of ice red light cameras at intersections?
cream. Kristen wants to buy two flavors A. A. 0.1033
of ice cream.If she randomly selects two
B. B. 0.3033
flavors out of six, how many combinations
are possible? C. C. 0.2033
A. 12 D. D 0.5033
B. 14 971. Two normal distributions are compared.
C. 15 One has a mean of 10 and a standard devi-
ation of10. The second normal distribution
D. 16 has a mean of 10 and a standard deviation
of 2. Whichof the following is true?
967. The amount of non-responses is maxi-
mum in A. The distributions are from two differ-
ent families of distributions.
A. Mailed Questionnaire method
B. The dispersions of the distributions
B. Observation method
are the same.
C. Interview method C. The locations of the distributions are
D. All of the above different.

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1.1 BUSINESS STATISTICS 103

D. The dispersions of the distributions TIVE.


are different.
B. TO AVOID EXTREME VALUES INFLU-

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972. WHEN CALCULATING THE VARIANCE, ENCING THE CALCULATION.
THE DIFFERENCES IS FROM THE MEAN
ARE SQUARED BECAUSE C. IT IS POSSIBLE THAT TOTAL NUMBER
OF OBSERVATIONS IS QUITE SMALL.
A. SOME DIFFERENCES ARE POSITIVE
WHILE OTHER DIFFERENCES ARE NEGA- D. NONE OF THESE

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