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

21.
For a continuous frequency distribution, range is defined as

A. difference between the upper limit of the first class and lower limit of last class

B. difference between the upper limit of the highest class and the lower limit of the smallest class

C. difference between the upper limit of the highest class and lower limit of the highest class

D. None of the above

Answer & Solution Discuss in Board Save for Later

22.
The value of β2 can be:

A. Less than 3

B. Greater than 3

C. Equal to 3

D. All of the above

Answer & Solution Discuss in Board Save for Later

23.
In binomial distribution, if number oftrials (n) is infinitely large, the probability of success (p) of occurrence of an event is close to . . . . . . . . and probability of failure (q) of occurrence of an event close to . . . . . . . .

A. 0, 1

B. 1, 1

C. 1, 0

D. None of these

Answer & Solution Discuss in Board Save for Later

24.
Since values of both the regression coefficients, bxy and byx are negative, the value of correlation r is

A. Positive

B. Negative

C. Zero

D. An absolute number

Answer & Solution Discuss in Board Save for Later

25.
Arrange the following statements in sequence for applicability of Chi-square test.
1. Observations are recorded and samples are collected on a random basis.
2. Check whether all the members in the sample must be independent.
3. Check that no group contain items less than 10 otherwise regrouping needs to be done.
4. Check that are constraints are linear.

A. 1, 2, 3, 4

B. 4, 3, 2, 1

C. 3, 2, 1, 4

D. 4, 1, 3, 2

Answer & Solution Discuss in Board Save for Later

26.
Assertion (A) The CLT is useful when examining returns for a stock or index because it simplifies many analysis procedures.
Reason (R) An appropriate sample size depends on the data available.

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

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

C. Both are true

D. Both are false

Answer & Solution Discuss in Board Save for Later

27.
According to . . . . . . . ., "is a relatively large number of items be chosen at random from a group, such items are on average almost sure to have the characteristics of the group."

A. W. I. King

B. C. J. lyrohmann

C. Connors

D. None of these

Answer & Solution Discuss in Board Save for Later

28.
When coefficient of skewness in negative

A. θ₂ + θ₃ = 2θ₁

B. θ₃ + θ₁ < 2θ₂

C. θ₃ . . . . . θ₁ > 2θ₂

D. θ₃ + θ₂ < 2θ₁

Answer & Solution Discuss in Board Save for Later

29.
If two variables, x and y, have a very strong linear relationship, then:

A. there is evidence that x causes a change in y

B. there is evidence that y causes a change in x

C. there might not be any causal relationship between x and y

D. none of these alternatives is correct

Answer & Solution Discuss in Board Save for Later

30.
During one year the ratio of prices of two commodities is 3, whereas during the next year it is 2. For averaging these ratio-

A. arithmetic mean is most appropriate

B. harmonic mean is most appropriate

C. geometric mean is most appropriate

D. all the three, arithmetic, harmonic and geometric means are equally appropriate

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

21. For a continuous frequency distribution, range is defined as

Answer & Solution

22. The value of β2 can be:

Answer & Solution

23. In binomial distribution, if number oftrials (n) is infinitely large, the probability of success (p) of occurrence of an event is close to . . . . . . . . and probability of failure (q) of occurrence of an event close to . . . . . . . .

Answer & Solution

24. Since values of both the regression coefficients, bxy and byx are negative, the value of correlation r is

Answer & Solution

Answer & Solution

26. Assertion (A) The CLT is useful when examining returns for a stock or index because it simplifies many analysis procedures. Reason (R) An appropriate sample size depends on the data available.

Answer & Solution

27. According to . . . . . . . ., "is a relatively large number of items be chosen at random from a group, such items are on average almost sure to have the characteristics of the group."

Answer & Solution

28. When coefficient of skewness in negative

Answer & Solution

29. If two variables, x and y, have a very strong linear relationship, then:

Answer & Solution

30. During one year the ratio of prices of two commodities is 3, whereas during the next year it is 2. For averaging these ratio-

Answer & Solution

Read More Section(Business Statistics and Research Methods)

21.
For a continuous frequency distribution, range is defined as

22.
The value of β2 can be:

23.
In binomial distribution, if number oftrials (n) is infinitely large, the probability of success (p) of occurrence of an event is close to . . . . . . . . and probability of failure (q) of occurrence of an event close to . . . . . . . .

24.
Since values of both the regression coefficients, bxy and byx are negative, the value of correlation r is

26.
Assertion (A) The CLT is useful when examining returns for a stock or index because it simplifies many analysis procedures.
Reason (R) An appropriate sample size depends on the data available.

27.
According to . . . . . . . ., "is a relatively large number of items be chosen at random from a group, such items are on average almost sure to have the characteristics of the group."

28.
When coefficient of skewness in negative

29.
If two variables, x and y, have a very strong linear relationship, then:

30.
During one year the ratio of prices of two commodities is 3, whereas during the next year it is 2. For averaging these ratio-