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-4 section-10

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

Which amongst the given statement is true?

A) A well-sized random sample is not a good representative of the universe B) Sampling errors are present both in the census as well as sample survey C) Law of inertia of large numbers is a corollary of law of statistical regularity D) While taking a purposive sample, the items are seletcted at random

Discuss

Answer & Solution

Answer: Option C

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

Coefficient of variation is one of the following

A) $$\frac{{L - S}}{{L + S}}$$ B) $$\frac{{L + S}}{{L - S}}$$ C) $$\frac{{L + S}}{2}$$ D) $$\frac{{L - S}}{2}$$

Discuss

Answer & Solution

Answer: Option A

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

Which of the following is related to positive association of attributes?

A) Health and hygiene B) Honesty and boldness C) Vaccination and Occurrence of disease D) Health and Honesty

Discuss

Answer & Solution

Answer: Option A

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

Which of the following is not an example of a discrete probability distribution?

A) The sale or purchase price of a house B) The number of bedrooms in a house C) The number of bathrooms in a house D) Whether or not a home has a swimming pool in it

Discuss

Answer & Solution

Answer: Option A

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

The mean of 200 terms is 48 and the standard deviation is 3. The sum of the squares of these terms will be-

A) 46,260 B) 462,600 C) 28,800 D) 154,200

Discuss

Answer & Solution

Answer: Option B

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

Which of the following can be calculated from a cumulative frequency curve?

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

Discuss

Answer & Solution

Answer: Option C

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

A statistical enquiry or investigation has to pass through in which of the following sequence?
1. Planning and statistical investigation
2. Editing and presenting data
3. Collection of data
4. Analysis of data
5. Interpretation and presentation of report
Select the correct answer using the optopns given below

A) 1, 2, 3, 5, 4 B) 1, 2, 3, 4, 5 C) 1, 2, 5, 4, 3 D) 2, 4, 3, 1, 5

Discuss

Answer & Solution

Answer: Option B

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

The mean of an examination is 69, the median is 68, the mode is 67, and the standard deviation is 3. The measure of variation for this examination is:

A) 67 B) 68 C) 69 D) 3

Discuss

Answer & Solution

Answer: Option D

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

The middle value of an ordered array of numbers is the

A) Mode B) Mean C) Median D) Quartile

Discuss

Answer & Solution

Answer: Option C

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

Correlation is said to be linear, when the

A) increase in one variable results decrease in the other B) decrease in one variable results an increase in the other C) change in one variable does not affect the other D) change in one variable tend to bear constant ratio of change in the other

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