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Each section contains 100 MCQs on Business Statistics .

The probability of the happening of anyone of the several equally likely events is the ratio of the number of events favourable to it to the total number of

A) possible errors B) impossible errors C) possible events D) All of these

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Answer & Solution

Answer: Option C

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

SSAD includes

A) System Development B) Requirement Definition C) Requirement Analysis D) All of the above

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Answer & Solution

Answer: Option D

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

Match the following.

List-I	List-II
a. (q + p)ⁿ	1. Poisson distribution
b. σ² = m	2. Normal distribution
c. λ = 1/μ	3. Binomial distribution
d. z = x - μ/σ	4. Exponential distribution

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

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Answer & Solution

Answer: Option D

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

Age of applicants of life insurance and the premium of insurance is

A) Zero correlation B) Positively correlated C) Negatively correlated D) None of the above

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Answer & Solution

Answer: Option B

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

Given

Mean Standard Deviation	X series	Y series
	18	100
	14	40

Coefficient of correlation between X and Y series = +0.8.
Find the most probable value of Y if X is 70 and most probable value of X if Y is 90

A) 130.12 B) 159.3 C) 159.48 D) 130.36

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Answer & Solution

Answer: Option C

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

In this figure, the dark area represents
Business Statistics mcq question image

A) P(A $$ \cup $$ B $$ \cup $$ C) B) P(A) + P(B) + P(C) C) P(A $$ \cap $$ B $$ \cap $$ C) D) P(A) × P(B) × P(C)

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Answer & Solution

Answer: Option C

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Which of the following is/are characteristics of poisson distribution?

A) Main parameter (m) = np B) Value of p and q C) Discrete distribution D) All of the above

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Answer & Solution

Answer: Option D

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Binomial distribution developed by

A) Bordington B) Jocob Bernoulli C) Fisher D) Marshal

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Answer & Solution

Answer: Option B

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Which of the following is a disadvantage of arithmetic mean?

A) It is a single number that gives an idea about the data B) It can be easily calculated for any data set C) It is cumbersome for grouped data D) It is an easy and precise measure

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Answer & Solution

Answer: Option C

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

Given,

The above diagram represents

A) poisson distribution B) regression C) normal distribution D) dispersion

Discuss

Answer & Solution

Answer: Option C

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

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