Top 150+ Solved Business Statistics MCQ Questions Answer
Q. Index number is a special type of ----------
a. Average
b. dispersion
c. correlation
d. none of the above
Q. A period for which index number is determined is called as ------
a. current period
b. base period
c. . Normal period.
d. None of the above
Q. Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:
a. 110
b. 108
c. 100
d. 109
Q. The sum of deviations of observations from their arithmetic mean:
a. Maximum
b. Least
c. Zero
d. None of these
Q. The sum of absolute deviations is minimum when taken from:
a. Mean
b. Median
c. Mode
d. None of these
Q. The sum of squared deviations is minimum when taken from:
a. Mean
b. Median
c. Mode
d. None of these
Q. In a moderately skewed distribution, the value of mean is 16 and that of mode is 25.
a. 20
b. 19
c. 21
d. None of these
Q. In a moderately skewed distribution, the following equation indicates the relationship among mean, median and mode:
a. Mean = 2 Mode - 3 Median
b. Mode = 3 Median – 2 Mean
c. Median = 3 Mean – 2 Mode
d. None of these
Q. The variate values which divide a series into ten equal parts are called:
a. Quartiles
b. Deciles
c. Percentiles
d. None of these