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-9 section-9

Consider the following statements.
Assertion (A): A reasonably large sized sample drawn randomly from a given population contains almost all the characteristics of the population.
Reason (R): As per the sampling theory, the assertion is based only on the 'Law of Inertia of Large Numbers'.

A) Assertion (A) is correct and Reason (R) as per the sampling theory is also fully correct B) Assertion (A) is correct but the Reason (R) as per the sampling theory is not fully correct C) Both Assertion (A) and Reason (R) are incorrect D) Assertion (A) is incorrect but the Reason (R) is sufficient as per the sampling theory

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Answer & Solution

Answer: Option B

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Which of the following requirements for a dissertation may depend on your institution?

A) Whether an abstract should be included B) The format for referencing C) The size of the study D) All of the above

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Answer & Solution

Answer: Option D

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If the coefficient of determination is 0.81, the correlation coefficient:

A) 0.6561 B) could be either +0.9 or -0.9 C) must be positive D) must be negative

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Answer & Solution

Answer: Option B

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Non-parametric test is valid when sample size is:

A) Large B) Small C) Large and small D) None of these

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Answer & Solution

Answer: Option B

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Find out the value of the median from the following frequency

Size of Items	8	10	12	14	16	18	20
Frequency	3	7	12	28	10	9	6

A) 12 B) 14 C) 16 D) 18

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Answer & Solution

Answer: Option B

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Variance of binomial distribution is equal to

A) n.p B) p.q C) n.p.q D) None of these

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Answer & Solution

Answer: Option C

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Which of the following distribution tends to standard normal distribution as the degree of freedom increases?

A) Binomial distribution B) Poisson distribution C) Normal distribution D) T-statistics

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Answer & Solution

Answer: Option D

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A measure of central tendency is:

A) Mode B) Measurement of dispersion C) Skewness D) Mean deviation

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Answer & Solution

Answer: Option A

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Which of the following is not a method of collecting primary data?

A) Direct interview B) Indirect interview C) National publications D) Questionnaire method

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Answer & Solution

Answer: Option C

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Which of the following sampling methods is a probability sample?

A) Judgment sample B) Simple random sample C) Quota sample D) Chunk sample

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Answer & Solution

Answer: Option B

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