# ( Best 225+ ) 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

A. 140

B. 143

C. 146

D. 70

A. -48

B. 40

C. -40

D. 48

A. 0

B. 10

C. -10

D. 20

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