Business(Business Statistics ) Questions and Answers

Question 1. The branches of statistics includes
  1.    applied statistics
  2.    mathematical statistics
  3.    industry statistics
  4.    both a and b
Explanation:-
Answer: Option D. -> both a and b
Answer: (d).both a and b
Question 2. The analytical study of breakeven point and decisions related to investments in uncertain conditions is an example of
  1.    statistics in personnel management
  2.    statistics in finance
  3.    statistics in marketing
  4.    statistics in production
Explanation:-
Answer: Option B. -> statistics in finance
Answer: (b).statistics in finance
Question 3. The procedures of descriptive statistics and control charts which are used to improve the process are classified as
  1.    statistical tools
  2.    parallel tools
  3.    serial tools
  4.    behavioral tools
Explanation:-
Answer: Option A. -> statistical tools
Answer: (a).statistical tools
Question 4. The examples of variables in statistical phenomenon consists
  1.    job satisfaction
  2.    consumer behaviors
  3.    leadership ability
  4.    all of above
Explanation:-
Answer: Option D. -> all of above
Answer: (d).all of above
Question 5. The scale which is used to determine the ratios equality is considered as
  1.    satisfactory scale
  2.    ratio scale
  3.    goodness scale
  4.    exponential scale
Explanation:-
Answer: Option B. -> ratio scale
Answer: (b).ratio scale
Question 6. The measurement scale in which the values are categorized to represent qualitative differences and ranked in meaningful manner is classified as
  1.    valid scale
  2.    discrete scale
  3.    ordinal scale
  4.    continuous scale
Explanation:-
Answer: Option C. -> ordinal scale
Answer: (c).ordinal scale
Question 7. The use of statistics in analysis of sales territories, advertising strategies and routing of sales personnel are classified as uses of
  1.    statistics in personnel management
  2.    statistics in finance
  3.    statistics in marketing
  4.    statistics in production
Explanation:-
Answer: Option C. -> statistics in marketing
Answer: (c).statistics in marketing
Question 8. The measurement scale which allows the determination of differences in intervals is classified as
  1.    interval scale
  2.    flow measuring scale
  3.    validity scale
  4.    reliability scale
Explanation:-
Answer: Option A. -> interval scale
Answer: (a).interval scale
Question 9. The types of structured questions does not include
  1.    nominal questions
  2.    interval questions
  3.    ratio questions
  4.    non-disguised questions
Explanation:-
Answer: Option D. -> non-disguised questions
Answer: (d).non-disguised questions
Question 10. In the response questionnaires, the questions which requires reflections from respondents side are called
  1.    reflection questions
  2.    responsive questions
  3.    opinion questions
  4.    reliability questions
Explanation:-
Answer: Option C. -> opinion questions
Answer: (c).opinion questions
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