Top 150+ Solved Business Statistics MCQ Questions Answer
Q. The trend line Y=a+bX obtained by the least Squares method is known as the line of
a. best fit
b. fit best
c. best neutral
d. nonlinear fit
Q. When the values in a series are not of equal importance, we calculate the:
a. Arithmetic mean
b. Geometric mean
c. Weighted mean
d. Mode
Q. A furniture retail chain operates several stores across the country. A table is to be constructed to showing the number of employees in each region, organized into groups. Which of the following sets of categories would NOT be suitable for use in such a table?
a. 0 - 10, 11-20
b. 0 to less than 10, 10 to less than 20
c. 0-10, 10-20
d. 0 up to 10, 10 up to 20
Q. The cumulative frequency for a particular class is equal to 35. The cumulative frequency for the next class will be .
a. equal to 65.
b. 35 minus the next class frequency.
c. less than 35.
d. 35 plus the next class frequency.
Q. If in a discrete series 75% values are less than 30, then:
a. Q3 < 75
b. Q3 < 30
c. Q3 = 30
d. Q3 >30
Q. One of the following methods of calculating mode is:
a. Mode = 3 Median – 2 Mean
b. Mode = 2 Median – 3 Mean
c. Mode = 3 Median + 2 Mean
d. Mode = 2 Median – 2 Mean
Q. The sum of the squares of the deviations of the variable is when taken about arithmetic mean
a. Maximum
b. Zero
c. Minimum
d. None