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-3 section-2

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

Which of the following statistical measures is based on all observations?

A) Harmonic mean B) Range C) Mode D) None of these

Discuss

Answer & Solution

Answer: Option A

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

The area under normal distribution covered within μ ± 3σ limit is

A) 0.6827 B) 0.9545 C) 0.9973 D) 1.0000

Discuss

Answer & Solution

Answer: Option C

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

Survey research is cross-sectional and as a result, it is:

A) low in internal validity but high in replicability B) high in internal validity but low in reliability C) none of the above D) high in ecological validity but low in external validity

Discuss

Answer & Solution

Answer: Option A

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

Which kind of research is conducted to understand and resolve one's own problems?

A) Qualitative research B) Problem solving research C) Both A and B D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

Which of the following statement is/are correct?
(1) Circle is a two dimensional diagram.
(2) Frequency polygon represents cumulative frequency.
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

Index for base period is always taken as

A) 0 B) 100 C) 200 D) 1000

Discuss

Answer & Solution

Answer: Option B

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

Assertion (A) Range is not useful to manager for comparison, if the observations are in different units.
Reason (R) For the purpose of comparison a relative measure of range is required which is called coefficient of range.

A) Both (A) and (R) are true B) (A) is true, but (R) is false C) (A) is false, but (R) is true D) Both (A) and (R) are false

Discuss

Answer & Solution

Answer: Option A

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

Which of the following statements are true for a standard normal curve?
1. Standard normal curve is symmetrical.
2. Standard normal curve is non-symmetrical.

A) Only 1 B) Only 2 C) Both 1 and 2 D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

Which of the following test are used for dealing with the problem of small samples?

A) T-test B) Z-test C) Both A and B D) Neither A nor B

Discuss

Answer & Solution

Answer: Option C

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

Whenever the data is related to speed distance and time, their best average will be

A) Median B) Mode C) Geometric mean D) Harmonic mean

Discuss

Answer & Solution

Answer: Option D

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