Business Statistics and Research Methods MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11 Section 12

1.
Sample results in order to provide reliable and accurate results must conform to which of the following requirements?

A. Representativeness

B. Adequacy

C. Homogeneity

D. All of these

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2.
The mean age group of 100 persons was found to be 30.2. Later, it was discovered that age 57 was misread as 27. Find the corrected mean.

A. 30.5

B. 31.23

C. 32.32

D. 36.44

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3.
The process of thoroughly checking the collected data to ensure optimal quality levelis referred to as:

A. Validation

B. Editing

C. Classification

D. Entry

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4.
Least Square Method of fitting a line (the line of best fit or the regression line) through the scatter diagram is a method, which . . . . . . . . the sum of the squared vertical deviations from the fitted line.

A. maximises

B. minimises

C. Neither A nor B

D. All of the above

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5.
Non-sampling error occurat the time of

A. observation

B. approximation

C. processing of data

D. All of these

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6.
The word 'statistics' is used as
OR
How the term statistics used?

A. Singular

B. Plural

C. Both singular and Plural

D. None of the above

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7.
Husband and wife apply for two vacant spots in a company. If the probability of wife getting selected and husband getting selected are 3/7 and 2/3 respectively, what is the probability that neither of them will be selected?

A. 2/7

B. 5/7

C. 4/21

D. 17/21

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8.
Assertion (A) Normal distribution curve is a bell shaped curve where mean, median and mode are equal to each other.
Reason (R) As the same size increases, all small-sample tests tends to merge with normal distribution.

A. (A) is true, (R) is false

B. (A) is false, (R) is true

C. Both are true

D. Both are false

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9.
Index number are expressed in

A. Ratio

B. Percentage

C. Square

D. Combination

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10.
In the formula $$R = 1 - \frac{{6\sum {D^2}}}{{N\left( {{N^2} - 1} \right)}},\,'D'$$ stands for·

A. deviation

B. difference of two ranks

C. coefficient of correlation

D. None of these

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

1. Sample results in order to provide reliable and accurate results must conform to which of the following requirements?

Answer & Solution

2. The mean age group of 100 persons was found to be 30.2. Later, it was discovered that age 57 was misread as 27. Find the corrected mean.

Answer & Solution

3. The process of thoroughly checking the collected data to ensure optimal quality levelis referred to as:

Answer & Solution

4. Least Square Method of fitting a line (the line of best fit or the regression line) through the scatter diagram is a method, which . . . . . . . . the sum of the squared vertical deviations from the fitted line.

Answer & Solution

5. Non-sampling error occurat the time of

Answer & Solution

6. The word 'statistics' is used as OR How the term statistics used?

Answer & Solution

7. Husband and wife apply for two vacant spots in a company. If the probability of wife getting selected and husband getting selected are 3/7 and 2/3 respectively, what is the probability that neither of them will be selected?

Answer & Solution

8. Assertion (A) Normal distribution curve is a bell shaped curve where mean, median and mode are equal to each other. Reason (R) As the same size increases, all small-sample tests tends to merge with normal distribution.

Answer & Solution

9. Index number are expressed in

Answer & Solution

10. In the formula $$R = 1 - \frac{{6\sum {D^2}}}{{N\left( {{N^2} - 1} \right)}},\,'D'$$ stands for·

Answer & Solution

Read More Section(Business Statistics and Research Methods)

1.
Sample results in order to provide reliable and accurate results must conform to which of the following requirements?

2.
The mean age group of 100 persons was found to be 30.2. Later, it was discovered that age 57 was misread as 27. Find the corrected mean.

3.
The process of thoroughly checking the collected data to ensure optimal quality levelis referred to as:

4.
Least Square Method of fitting a line (the line of best fit or the regression line) through the scatter diagram is a method, which . . . . . . . . the sum of the squared vertical deviations from the fitted line.

5.
Non-sampling error occurat the time of

6.
The word 'statistics' is used as
OR
How the term statistics used?

7.
Husband and wife apply for two vacant spots in a company. If the probability of wife getting selected and husband getting selected are 3/7 and 2/3 respectively, what is the probability that neither of them will be selected?

8.
Assertion (A) Normal distribution curve is a bell shaped curve where mean, median and mode are equal to each other.
Reason (R) As the same size increases, all small-sample tests tends to merge with normal distribution.

9.
Index number are expressed in

10.
In the formula $$R = 1 - \frac{{6\sum {D^2}}}{{N\left( {{N^2} - 1} \right)}},\,'D'$$ stands for·