6/9/2018 Objective Type Questions for Business Statistics I.

Com Part 2

Objective Type Questions for Business Statistics I.Com Part 2

 Business Statistics (Objective) I.Com Part 2  8,766 Views

Objective Type Questions for Business Statistics I.Com Part 2

1. Probability is the measurement of

 Uncertainty

 Certainty

 Chances
 None of these

2. Lower class boundary of 25-35 will be

 20
 25
 30

 35

3. In chain base method, the base period is

 Fixed
 Constant

 Not fixed
 Zero

4. Number of weeks in a month is an example of

 Discrete variable
 Continuous variable
 Attribute
 Constant

5. The grouped data is always called

 Raw data
 Primary data
 Sample data
 Secondary data

6. The probability of an event always lies between

 -1 and + 1
 -1 and 0
 0 and + 1

 0 and 00

7. The probability of an event cannot be

 = 0

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 < 0
 > 0
 = 1

8. In symmetrical distribution mean, median and mode are always

 Unequal
 Equal

 Different

 Negative

9. Collection of data from house to house is by

 Mailed questionnaire

 Through enumerators
 Registration

 Both mailed questionnaire and through enumerators

10. Statistics are always

 Aggregate of facts
 True and figure

 Continuous

 New

11. Raw material collected by first hand is

 Primary data

 Secondary data

 Continuous data
 None of these

12. The grouped data is also called

 Raw data
 Primary data

 Qualitative data

 Secondary data

13. In chain base method, the base years is a

 Fixed year

 Next year

 Previous year
 Same year

14. Four books can be arranged in a shelf in

 8 ways
 12 ways

 16 ways

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 24 ways

15. The data about sex of new born babies are

 Qualitative data

 Quantitative data

 Continuous data
 None of these

16. Statistics are

 Always qualitative
 Always continuous

 Aggregate of facts and figures

 Fictitious figures

17. For averaging the relatives, we never use

 A.M.
 G.M.
 Median

 Mode

18. When two dice are rolled, all possible outcomes are

 4

 10
 22
 36

19. The probability of sure event is

 0
 100

 1
 ½

20. Fisher Index Number is of Laspeyre’s and Paasche’s Index Numbers

 A.M.
 G.M.

 Median
 Mode

21. Current year weighted index number is also called

 Paache’s
 Marshall’s
 Fisher’s

 Laspyre’s

22. A characteristic that changes from one individual to another is called

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 Variable
 Constant

 Statistic
 None of these

23. Arithmetic Mean is based on

 Extreme values
 Middle value
 All the values

 Most common value

24. In chain base method, the base period is

 Fixed
 Changed
 Constant

 None of these

25. A statistical table has at least

 One part

 Two parts
 Three parts
 Four parts

26. We must arrange the data before calculating

 A.M.
 Median

 Mode
 None of these

27. The process of arranging data into rows and columns is called

 Frequency distribution
 Tabulation

 Classification
 Ogive

28. In fix base method the base period should be

 Normal
 Abnormal
 Middle

 Far distant

29. Laspeyre’s Index Number is also called

 Base year weight

 Ideal index number

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 Current year weight

 None of these

30. If A ∩ B = φ, then the events A and B are called

 Equally likely
 Exhaustive

 Mutually enhancive
 Independent

31. The graph of frequency distribution is

 Histogyarn
 Bell shaped

 Shaped
 Curve

32. The most frequent value is the data is

 Mean
 Median

 Mode

 Both mean and median

33. Class interval size is the difference between upper and lower class

 Limits
 Boundaries

 Frequencies

 None of these

34. An average obtained by dividing the sum of given values with no of values is called

 Arithmetic Mean
 Median

 Mode

 Weighted mean

35. A statistical table has at least

 One parts

 Two parts

 Three parts
 Four parts

36. The probability of ‘a black card from pack of 52 cards is

 1/52

 13/52

 1/2
 1/3

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37. Pn/Po x 100 is equal to

 Link relative

 Chain indices
 Price relative

 None of these

38. Index Numbers are called the barometers of

 Statistics
 Economics

 Mathematics

 None of these

39. What is the total angle of pie-chart?

 90°
 180°

 360°

 60°

40. Number of weeks in a month is an example

 Discrete variable
 Continuous variable

 Attribute
 Constant

41. A graph of time series is called

 Historigram

 Historigram

 Ogive
 Sector diagram

42. For two mutually exclusive events A and B; P(A) = 0.70; P(B) = 0.30; then P(A Ü B) is

 0

 0.40

 0.30
 1

43. The maximum sum of dots when a die is tossed two times is

 1

 2
 12

 36

44. Frequency is denoted by

 c

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 f

 r

 g

45. Index for base period is

 100
 One

 Fix

 None of these

46. For averaging the relatives, we never use

 A.M.

 G.M.

 Median
 Mode

47. An ogive is a

 Frequency polygon

 Cumulative frequency polygon

 Frequency curve
 Histogram

48. Now days, the World Statistics can be expressed in how many ways?

 2

 3

 4
 5

49. If P(A n B) = 0.63 and P(B) = 0.9, then P(AB) is

 0.72

 0.54
 0.82

 0.70

50. Population census is conducted through

 Sample survey

 Complete enumeration
 Registration

 Investigation

51. The sum of squares from mean is

 Zero

 Minimum
 Maximum

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 Negative

52. The data obtained from college record is

 Primary
 Secondary

 Raw

 Qualitative

53. The mean of 10 numbers is 9, and then the sum of number is

 72
 82

 72

 102

54. Identify the attribute

 Height

 Blood pressure

 Blood pressure
 Marks

55. Index Number for base period is

 100

 Always 100

 Never 100
 None of these

56. The graph of cumulative frequency distribution is

 Ogive

 Pie chart

 Histogram
 Historigram

57. To find the average of blue color pieces of cloth we use

 Median

 Mode
 Mean

 All

58. Price relative is percentage ratio of current year price and

 Base year price

 Base year quantity

 Preceding year price

 None of these

59. For the class 50-54, 55-59, 60-64, — the class interval is

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6/9/2018 Objective Type Questions for Business Statistics I.Com Part 2

 4

 5

 10
 None of these

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