Business Statistics and Research Methods MCQ Questions and Solutions with Explanations

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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-9

Each section contains 100 MCQs on Business Statistics and Research Methods .

Consider the following tests.
1. Z-test
2. T-test
3. F-test
4. Chi-square test
The concept of degree of freedom is associated with

A) Both 1 and 2 B) Both 2 and 3 C) Both 3 and 4 D) 2, 3 and 4

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following statement is/are correct?
(1) Statistics deals with aggregate of facts.
(2) All facts numerically expressed are Statistics.
Select the correct answer using the options given below

A) Only 1 B) Only 2 C) Both 1 and 2 D) Neither 1 nor 2

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

What practical steps can you take before you actually start your research?

A) Find out exactly what your institution's requirements are for a dissertation B) Make sure you are familiar with the hardware and software you plan to use C) Apply for clearance of your project through an ethics committee D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

The standard error is a statistical measure of:

A) the normal distribution of scores around the sample mean B) the extent to which a sample mean is likely to differ from the population mean C) the clustering of scores at each end of a survey scale D) the degree to which a sample has been accurately stratified

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

The classification of students of a college into two categorise 'rural' and 'urban' is

A) Qualitative B) Quantitative C) Geographical D) None of these

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

If there is a very strong correlation between two variables then the correlation coefficient must be:

A) any value larger than 1 B) much smaller than 0, if the correlation is negative C) much larger than 0, regardless of whether the correlation is negative or positive D) none of these alternatives is correct

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

In simple regression equation, the numbers of variables involved are:

A) 0 B) 1 C) 2 D) 3

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Match the following.

List-I	List-II
a. Range	1. Not based on all observation in data
b. Mode	2. Middle value of a series arranged in any order of magnitude
c. Mean	3. It can be used even when classes are open-ended
d. Median	4. Is the most simple and frequently used average

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

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Accepting the null hypothesis, when it is incorrect. This is known as

A) error of data B) error of statistics C) error of tools D) None of these

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

100

Originally compiled data for a research is called

A) Primary data B) Secondary data C) Original data D) None of these

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

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