Top 150+ Solved Business Statistics MCQ Questions Answer
Q. The suitable average for averaging the shoe sizes for children is:
a. Mean
b. Median
c. Mode
d. Geometric mean
Q. What is the value of the first quartile for observations 15, 18, 10, 20, 23, 28, 12, 16?
a. 17
b. 16
c. 12.75
d. 12
Q. The measurements of spread or scatter of the individual values around the central point is called:
a. Measures of dispersion
b. Measures of skewness
c. Measures of central tendency
d. Measures of kurtosis
Q. The smaller the variance the less spread of the data around the mean
a. True
b. False
c. none
d. all
Q. The mean deviation is minimum when deviations are taken from:
a. Mean
b. Median
c. Mode
d. None of these
Q. Which of the following is a unit free measure of dispersion:
a. Range
b. Standard deviation
c. Interquartile range
d. Coefficient of range
Q. The standard deviation is independent of:
a. Change of scale
b. Change of origin
c. Change of origin and scale
d. None of these
Q. In order to compare two series we can use
a. Coefficient of Variation
b. Standard deviation
c. Coefficient of Skewness
d. Coefficient of kurtosis
Q. If the values of mean, median and mode coincide in a unimodal distribution, then the distribution will be:
a. Positively Skewed
b. Symmetrical
c. Negatively Skewed
d. None of these
Q. The degree of peaked ness or flatness of a unimodal distribution is called:
a. Skewness
b. Kurtosis
c. Dispersion
d. Normal distribution
Q. Following are the Relative measures of dispersion except
a. Co-efficient of Mean deviation
b. Standard deviation
c. Co-efficient of Range
d. Co-efficient of Quartile deviation
Q. The coefficient of variation cannot be meaningfully used to compare the variability of two or more sets of data, when
a. The standard deviation is zero for one or more sets of data
b. The standard deviation is 1 for one or more sets of data
c. The mean is zero for one or more sets of data
d. The mean is 1 for one or more sets of data