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

51.
Which is most likely to yield qualitative data?

A. Mail survey

B. Focus group

C. Telephone interview

D. None of the above

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52.
The term (1-B) is called:

A. Level of the test

B. Power of the test

C. Size of the test

D. None of the above

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53.
Baye's Theorem is considered as theorem of total probability that is given by:

A. P(A) = P(E1) P(A|E1) + P(E2) P(A|E2) + . . . . . (n terms)

B. P(A) = P(E1) P(A|A1) + P(a) P(A|A1) + . . . . . (n terms)

C. P(A) = P(E) P(E|E1) + P(E) P(A|E2) + . . . . . (n terms)

D. None of the above

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54.
Which of the following is not a mathematical average?

A. Median

B. Arithmetic mean

C. Geometric mean

D. Harmonic mean

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55.
Match the following.

List-I List-II

a. Quartile deviation 1. Obtained by calculating the absolute deviation of each observation from mean

b. Standard deviation 2. Is one-half of the inter-quartile range

c. Mean deviation 3. Is the square root of the average of the squared distances of the observation from the mean

A. a-2, b-3, c-1

B. a-1, b-2, c-3

C. a-2, b-1, c-3

D. a-3, b-2, c-1

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56.
Which of the following is/are types of research?

A. Objective research

B. Applied research

C. Problem oriented research

D. Both B and C

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57.
If the median is 28 and the arithmetic mean is 30, then mode will be

A. 24

B. 25

C. 26

D. 27

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58.
What is the function of a post-test in ANOVA?

A. Describe those groups that have reliable differences between group means

B. Set the critical value for the F test (or chi-square)

C. Determine if any statistically significant group differences have occurred

D. None of these

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59.
Which of the following is an economic index:

A. Asymmetry

B. Median

C. Index number

D. Mode

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60.
For a standard normal probability distribution, the mean (μ) and the standard deviation (σ) are:

A. μ = 0, σ = 1

B. μ = 16, σ = 4

C. μ = 25, σ = 5

D. μ = 100, σ = 10

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Quartile deviation	1. Obtained by calculating the absolute deviation of each observation from mean
b. Standard deviation	2. Is one-half of the inter-quartile range
c. Mean deviation	3. Is the square root of the average of the squared distances of the observation from the mean

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

51. Which is most likely to yield qualitative data?

Answer & Solution

52. The term (1-B) is called:

Answer & Solution

53. Baye's Theorem is considered as theorem of total probability that is given by:

Answer & Solution

54. Which of the following is not a mathematical average?

Answer & Solution

Answer & Solution

56. Which of the following is/are types of research?

Answer & Solution

57. If the median is 28 and the arithmetic mean is 30, then mode will be

Answer & Solution

58. What is the function of a post-test in ANOVA?

Answer & Solution

59. Which of the following is an economic index:

Answer & Solution

60. For a standard normal probability distribution, the mean (μ) and the standard deviation (σ) are:

Answer & Solution

Read More Section(Business Statistics and Research Methods)

51.
Which is most likely to yield qualitative data?

52.
The term (1-B) is called:

53.
Baye's Theorem is considered as theorem of total probability that is given by:

54.
Which of the following is not a mathematical average?

56.
Which of the following is/are types of research?

57.
If the median is 28 and the arithmetic mean is 30, then mode will be

58.
What is the function of a post-test in ANOVA?

59.
Which of the following is an economic index:

60.
For a standard normal probability distribution, the mean (μ) and the standard deviation (σ) are: