Top 150+ Solved Quantitative Methods for Economic Analysis 1 MCQ Questions Answer
Q. A teacher surveys the students attending a seminar and finds that 20% are I BA studentsand 45% are II BA students. This is an example of
a. descriptive statistics
b. inferential statistics
c. secondary data
d. nominal data
Q. Which of the following does not represent one method to obtain primary source data
a. making observations
b. sending a survey to customers
c. looking in journals
d. conducting an experiment
Q. The grades that a random sample of BA students received over the last five years inQuantitative Techniques examinations represent what statistical concept
a. the grades are a parameter
b. the grades are a statistic
c. the grades are a sample
d. the grades are a population
Q. What method is used to sample a population so that it is representative of the population
a. samples are chosen at random from the population
b. every other element in a population is chosen
c. all but the observations that have the lowest and highest values are selected
d. only the first half of a population is selected
Q. An insurance agent earns a commission on each policy sold. This person made Rs.3,000in commissions during one month and concludes that annual compensation will be Rs. 36,000. This is an example of:
a. descriptive statistics
b. inferential statistics
c. secondary data
d. nominal data
Q. A student evaluation of teaching effectiveness for a particular course asks students torespond to their level of agreement with several statements according to the scale 1 = Strongly Agree, 2 = Agree, 3 = Neutral, 4 = Disagree, and 5 = Strongly Disagree. The responses indicate what level of measurement?
a. ordinal
b. ratio
c. nominal
d. interval
Q. A company publishes data on its quarterly earnings for its stockholders to evaluate.Which of the following is true
a. the source is primary for both the company and the stockholders
b. the source is secondary for both the company and the stockholders
c. the source is primary for the company and secondary for the stockholders
d. the source is secondary for the company and primary for the stockholders
Q. If you have a digital weighing machine in your college that only reads in integers, is yourweight a discrete variable
a. yes, because the scale reports integers
b. no, because weight is still a continuous variable regardless of the ability to measure it
c. it depends on the accuracy of the scale
d. it depends on your weight
Q. Statistics is the study of _______ measures of the values associated with variables
a. verbal
b. pictorial
c. descriptive
d. numerical
Q. ‘Primary source data is better than secondary source data’. This statement is
a. true
b. false
c. neither true nor false
d. any of the above
Q. Celsius and Fahrenheit temperature scales are examples of interval levels of measurement
a. true
b. false
c. neither true nor false
d. any of the above
Q. The number of students on a college campus is a continuous variable
a. true
b. false
c. neither true nor false
d. any of the above
Q. ______refer to population characteristics while _____describe sample characteristics
a. statistic, parameter
b. parameter, statistic
c. regression, correlation
d. correlation, regression
Q. You are conducting a study to see whether a new experimental medication will cause baldmen to grow hair. You divide your patients into 2 groups. To one group you give the medication. To the other group, you give a placebo. In this study, the correct terms for the taking of the medication and the growth of hair are the following.
a. both the medication and the hair growth are dependent variables
b. both the medication and the hair growth are independent variables
c. the medication is the dependent variable, and the hair growth is the independent variable
d. the medication is the independent variable, and the hair growth is the dependent variable