( Best 225+ ) Business Statistics MCQ

by Mr. DJ

Business Statistics MCQ

Table of Contents

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Business Statistics MCQ

Business Statistics MCQ

1. Index number for base year is always considered as——

A. 100

B. 101

C. 200

D. 201

2. Index number is a special type of ———-

A. Average

B. dispersion

C. correlation

D. none of the above

3. A period for which index number is determined is called as ——

A. current period

B. base period

C. . Normal period.

D. None of the above

4. Laspeyre’s index = 110, Paasche’s index = 108, then Fisher’s Ideal index is equal to:

A. 110

B. 108

C. 100

D. 109

5. Index number calculated by Fisher’s formula is ideal because it satisfy:

A. Circular test

B. Factor reversal test

D. All of the above

6. In the regression equation Y = 75.65 + 0.50X, the intercept is

A. 75.65

B. 0.5

C. 1

D. intereminable

7. The coefficient of determination must be

A. between -1 and+1

B. between -1 and0

C. between 0 and 1

D. equal to SSE/(n-2)

8. In the regression equation Y = a+bX, the Y is called:

A. Independent variable

B. Dependent variable

C. Continuous variable

D. None of the above

9. How many type of data are there in Statistics

A. 2

B. 3

C. 4

D. 5

10. is data that is collected by a researcher from first-hand

A. Primary data

B. Secondary data

C. both

D. none

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