( Best 225+ ) Business Statistics MCQ

by Mr. DJ

Business Statistics MCQ

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Business Statistics MCQ

Business Statistics MCQ

71. Given below the four sets of observations. Which set has the minimum variation?

A. 46, 48, 50, 52, 54

B. 30, 40, 50, 60, 70

C. 40, 50, 60, 70, 80

D. 48, 49, 50, 51, 52

72. Which of the following is an absolute measure of dispersion?

A. Coefficient of variation

B. Coefficient of dispersion

C. Standard deviation

D. Coefficient of skewness

73. The measure of dispersion which uses only two observations is called:

A. Mean

B. Median

C. Range

D. Coefficient of variation

74. The measure of dispersion which uses only two observations is called:

A. Range

B. Quartile deviation

C. Mean deviation

D. Standard deviation

75. In quality control of manufactured items, the most common measure of dispersion is:

A. Range

B. Average deviation

C. Standard deviation

D. Quartile deviation

76. The range of the scores 29, 3, 143, 27, 99 is:

A. 140

B. 143

C. 146

D. 70

77. If the observations of a variable X are, -4, -20, -30, -44 and -36, then the value of the range will be:

A. -48

B. 40

C. -40

D. 48

78. The range of the values -5, -8, -10, 0, 6, 10 is:

A. 0

B. 10

C. -10

D. 20

79. If the maximum value in a series is 25 and its range is 15, the maximum value of the series
is:

A. 10

B. 15

C. 25

D. 35

80. Half of the difference between upper and lower quartiles is called:

A. Interquartile range

B. Quartile deviation

C. Mean deviation

D. Standard deviation

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