( Best 225+ ) Business Statistics MCQ

by Mr. DJ

Business Statistics MCQ

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Business Statistics MCQ

Business Statistics MCQ

171. What is the modal value for the numbers 4, 3, 8, 15, 4, 3, 6, 3, 15, 3, 4.

A. 3

B. 4

C. 6

D. 15

172. If in a discrete series 75% values are less than 30, then:

A. Q3 < 75

B. Q3 < 30

C. Q3 = 30

D. Q3 >30

173. One of the following methods of calculating mode is:

A. Mode = 3 Median – 2 Mean

B. Mode = 2 Median – 3 Mean

C. Mode = 3 Median + 2 Mean

D. Mode = 2 Median – 2 Mean

174. According to percentiles, the median to be measured must lie in

A. 80th

B. 50th

C. 100th

D. 30th

175. The sum of the squares of the deviations of the variable is when taken about arithmetic mean

A. Maximum

B. Zero

C. Minimum

D. None

176. The mean of 10 observations is 10. All the observations are increased by 10%. The mean of increased observations will be:

A. 10

B. 1.1

C. 11

D. 10.1

177. The suitable average for averaging the shoe sizes for children is:

A. Mean

B. Median

C. Mode

D. Geometric mean

178. What is the value of the first quartile for observations 15, 18, 10, 20, 23, 28, 12, 16?

A. 17

B. 16

C. 12.75

D. 12

179. The measurements of spread or scatter of the individual values around the central point is called:

A. Measures of dispersion

B. Measures of skewness

C. Measures of central tendency

D. Measures of kurtosis

180. The smaller the variance the less spread of the data around the mean

A. True

B. False

C. none

D. all

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