( Best 225+ ) Business Statistics MCQ

by Mr. DJ

Business Statistics MCQ

Table of Contents

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Business Statistics MCQ

Business Statistics MCQ

21. Find the mode of 8, 5, 7, 10, 15, 21, 5, 7, 2, 5

A. 5

B. 7

C. 2

D. 10

22. Find the median of the set of numbers: 21, 3, 7, 17, 19, 31, 46,
20 and 43.

A. 19

B. 20

C. 3

D. 16

23. The following numbers represent the ages of people on a bus: 3,
6, 27, 13, 6, 8, 12, 20, 5, 10. Calculate their mean of their ages.

A. 11

B. 6

C. 9

D. 110

24. if the mean is 11 and the median is13 then the value of mode is

A. 15

B. 13

C. 11

D. 17

25. If the mode is 14 and value of mean is 5 then the value of median
is

A. 12

B. 18

C. 8

D. 14

26. The sample mean is a

A. Parameter

B. statistics

C. variable

D. constant

27. The suitable average for qualitative data is

A. mean

B. median

C. mode

D. Geometric mean

Unit 1

28. The sum of deviations of observations from their arithmetic mean:

A. Maximum

B. Least

C. Zero

D. None of these

29. The sum of absolute deviations is minimum when taken from:

A. Mean

B. Median

C. Mode

D. None of these

30. The sum of squared deviations is minimum when taken from:

A. Mean

B. Median

C. Mode

D. None of these

31. What is the median of 33, 86, 68, 32, 80, 48, 70?

A. 32

B. 68

C. 80

D. 86

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