Business Statistics and Research Methods MCQ Questions and Solutions with Explanations

Business Statistics and Research Methods MCQ Questions and Solutions with Explanations | Commerce

Business Statistics and Research Methods MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business Statistics and Research Methods MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-7

"Statistics is not only a science but it is also a scientific method". Whose statement is this-

A) Croxton and Cowden B) Simpson and Kafka C) Wallis and Robert's D) Yule and Kendall's

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Answer & Solution

Answer: Option A

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If the value of correlation coefficient is zero, then both the regression lines

A) Cover to each other B) Makes an angle of 45° C) Parallel to each other D) Perpendicular to each other

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Answer & Solution

Answer: Option D

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Reciprocal of 0.062 is-

A) 0.1613 B) 1.613 C) 16.13 D) 161.3

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Answer & Solution

Answer: Option C

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Which of the following tells us what the report is all about?

A) Abstract B) Summary C) Acknowledgements D) Table of contents

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Answer: Option A

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Match the following.

List-I	List-II
a. Statistical methods	1. Technique used for collection, summarisation, analysis, comparison, classification and interpretation of huge and complex numerical data
b. Branch of statistics	2. Inductive and descriptive statistics
c. Nature of statistics	3. Science and art
d. First user of statistics	4. Hemlet

A) a-1, b-2, c-3, d-4 B) a-2, b-3, c-4, d-1 C) a-1, b-3, c-2, d-4 D) a-3, b-4, c-2, d-1

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Answer & Solution

Answer: Option A

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From the given table match the following.

Class Interval	350-369	370-389	390-409	410-429	430-449	450-469
Frequency	15	27	31	19	13	6

List-I	List-II
a. Mid-value of class interval 370-389	1. 379.5
b. Σf	2. 111
c. Σfx	3. 44464.5
d. Arithmetic mean	4. 400.58

A) a-2, b-1, c-3, d-4 B) a-1, b-2, c-3, d-4 C) a-3, b-4, c-2, d-1 D) a-4, b-3, c-2, d-1

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Answer & Solution

Answer: Option B

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The graph showing the paired points of (Xi, Yi) is called:

A) Scatter diagram B) Histogram C) Pie diagram D) None of the above

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Answer & Solution

Answer: Option A

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Ethnological research design focuses on

A) how individual interpret their own behaviour B) how researchers interpret behaviour of people C) how researcher and subject reacts to each others situation D) All of the above

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Answer & Solution

Answer: Option A

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The standard error of the mean is equal to:

A) the population standard deviation divided by the sample size n B) the population standard deviation divided by the square root of n C) the population variance divided by the sample size n-1 D) the population variance divided by the square root of n

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Answer & Solution

Answer: Option B

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100

Inductive logic proceeds from:

A) General to General B) Particular to General C) General to Particular D) Particular to Particular

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Answer & Solution

Answer: Option B

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