Top 150+ Solved Quantitative Methods for Economic Analysis 1 MCQ Questions Answer
Q. The concept of a variable implies that the values of every characteristic of an item are different
a. true
b. false
c. neither true nor false
d. any of the above
Q. Which of the following definitions is the definition of the MEAN
a. the mean is the largest value
b. the mean is the value that half of the entries are below and half of the entries are above
c. the mean is the value that has the highest frequency
d. the mean is the average calculated by adding up all the values and dividing by the number
Q. Which of the following definitions is the definition of the MEDIAN?
a. the median is the value that half of the entries are below and half of the entries are above
b. the median is the value that has the highest frequency
c. the median is the largest value
d. the median is the average calculated by adding up all the values and dividing by the
Q. What is the median of the following set of numbers? {12,8,13,4,7,6,3,3,15}
a. 12
b. 8
c. 7
d. 7.5
Q. Contestants of a competition have reached the semi-finals. After the semi-finals, theirscore are of below. Those whose score is lower than the median will not be able to enter the finals, so who managed to enter the finals. Here is the list of contestants: Anoop - 70 Points, Babu - 50 Points, Cindu - 65 Points, Das - 90 Points, Emy - 55 Points, Fasna - 85 Points, Gopi - 100 Points
a. babu, cindu and emy
b. anoop, das, fasnn and gopi
c. anoop, babu, cindu and emy
d. babu, cindu, das, gopi
Q. Which of the curves is more peaked than the normal curve?
a. mesokurtic
b. platykurtic
c. lapokurtic
d. skewness
Q. What will be the range of "r" when we find that the dependent variable increases as theindependent variable increases
a. 0 to -0.05
b. 1 to 2
c. 0.1 to 1
d. 2 to 3
Q. The sum of deviations taken from arithmetic mean is
a. minimum
b. zero
c. maximum
d. none of the above is possible
Q. Which of the following statements is not correct
a. extreme value in data affects the mean
b. mean is also known as average
c. some data sets do not have mean
d. at times weighted mean is much better than the simple mean
Q. Which of the following is not true in respect of mean deviation
a. it is simple to understand
b. it considers each & every item in a series
c. it is capable of further algebraic treatment
d. the extreme items have less effect on its magnitude
Q. What is the purpose of a summary table?
a. to see differences between or among categories
b. to list data to create a bar or pie chart
c. this is the only way to present categorical data in numerical form
d. to sum the values of responses to a survey