( Best 225+ ) Business Statistics MCQ

by Mr. DJ

Business Statistics MCQ

Table of Contents

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Business Statistics MCQ

Business Statistics MCQ

51. If the mean of percentages, rates and ratios is to be calculated then the central tendency measure which must be used in this situation is

A. weighted arithmetic mean

B. paired arithmetic mean

C. non-paired arithmetic mean

D. square of arithmetic mean

52. In the quartiles, the central tendency median to be measured must lie in

A. first quartile

B. second quartile

C. third quartile

D. four quartile

53. A numerical value used as a summary measure for a sample, such as sample mean, is known as a

A. population parameter

B. sample parameter

C. sample statistic

D. population mean

54. The mean of a sample is

A. always equal to the mean of the population

B. always smaller than the mean of the population

C. computed by summing the data values and dividing the sum by (n – 1)

D. computed by summing all the data values and dividing the sum by the number of items

55. In a five number summary, which of the following is not used for data summarization?

A. the smallest value

B. the largest value

C. the median

D. the 25th percentile

56. Since the mode is the most frequently occurring data value, it

A. can never be larger than the mean

B. is always larger than the median

C. is always larger than the mean

D. None of the above

57. In statistics out of 100, marks of 21 students in final exams are as 90, 95, 95, 94, 90, 85, 84, 83, 85, 81, 92, 93, 82, 78, 79, 81, 80, 82, 85, 76, 85 then mode of data is

A. 85

B. 95

C. 90

D. 81

58. Branches of statistics includes

A. applied statistics

B. mathematical statistics

C. industry statistics

D. both a and b

59. What is the median of the data 78, 56, 22, 34, 45, 54, 39, 68, 54, 84?

A. 54

B. 53

C. 55

D. 51

60. Find the mean of x + 77, x + 7, x + 5, x + 3 and x – 2?

A. x + 8

B. x + 18

C. x – 8

D. x – 18

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