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Each section contains 100 MCQs on Business Statistics .

The functional information is defined as a

A) Set of information required by the functional head in conducting the administration and management of the function B) Document of system C) Set of information required for costing D) Document of audit

Discuss

Answer & Solution

Answer: Option A

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

Given

X value	Y value
26	25
19	13
17	7
13	6
9	4
4	1

This is an example of

A) Negative correlation B) Simple correlation C) Positive correlation D) Linear correlation

Discuss

Answer & Solution

Answer: Option C

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

Which of the following combination is/are correct?

A) AMS-Attendance Management System B) EDI-Electronic Data Interchange System for commerce, Communication and action C) ERP-Enterprise Resource Planning Systems D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

What is the probability of selecting a king from a Pinochle desk?

A) $$\frac{1}{6}$$ B) $$\frac{1}{4}$$ C) $$\frac{1}{9}$$ D) $$\frac{1}{{54}}$$

Discuss

Answer & Solution

Answer: Option A

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

Rank correlation coefficient is computed by

A) $$\frac{1}{{\sqrt {N - 1} }}$$ B) $$\frac{N}{{\sqrt {N - 1} }}$$ C) $$\frac{N}{{\sqrt {\overline X - 1} }}$$ D) $$\frac{{\overline X }}{{\sqrt N }}$$

Discuss

Answer & Solution

Answer: Option A

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Spurious relationship between two variables refer to

A) very poor relationship between the variables B) statistically insignificant relationship between the variables C) relationship happens only due to third variable which is common to both the variables D) the relationship which is impossible to measure

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Answer & Solution

Answer: Option C

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If, on an average, 'A' completes 40 tasks with a standard deviation of 5, 'B' completes 160 tasks with a standard deviation of 15 and 'C' completes 120 tasks with a standard deviation of 8, their order when arranged on the basis of consistency is

A) C, A and B B) A, B and C C) C, B and A D) B, A and C

Discuss

Answer & Solution

Answer: Option C

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R_1.23 is

A) Sample correlation B) Multiple correlation C) Regression analysis D) Partial correlation

Discuss

Answer & Solution

Answer: Option B

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

Which of the following is/are methods of determining the information requirement?

A) Analysing the critical success factors B) From the existing system C) Asking method D) All of the above

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Answer & Solution

Answer: Option D

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If a manager takes large sample then he will always obtain

A) practically significant result B) statistically significant result C) consequentially significant result D) virtually significant result

Discuss

Answer & Solution

Answer: Option B

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

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