Top 150+ Solved Quantitative Methods for Economic Analysis 2 MCQ Questions Answer
Q. A numerical value used as a summary measure for a sample, such as a sample mean, isknown as a
a. population parameter
b. sample parameter
c. sample statistic
d. population mean
Q. Statistics branches include
a. applied statistics
b. mathematical statistics
c. industry statistics
d. both a and b
Q. To enhance a procedure the control charts and procedures of descriptive statistics areclassified into
a. behavioural tools
b. serial tools
c. industry statistics
d. statistical tools
Q. Sample statistics are also represented as
a. lower case greek letter
b. roman letters
c. associated roman alphabets
d. upper case greek letter
Q. Individual respondents, focus groups, and panels of respondents are categorised as
a. primary data sources
b. secondary data sources
c. itemised data sources
d. pointed data sources
Q. The variables whose calculation is done according to the weight, height and length andweight are known as:
a. flowchart variables
b. discrete variables
c. continuous variables
d. measuring variables
Q. A method used to examine inflation rate anticipation, unemployment rate and capacityutilisation to produce products is classified as
a. data exporting technique
b. data importing technique
c. forecasting technique
d. data supplying technique
Q. Graphical and numerical methods are specialized processes utilised in
a. education statistics
b. descriptive statistics
c. business statistics
d. social statistics
Q. The scale applied in statistics which imparts a difference of magnitude and proportionsis considered as
a. exponential scale
b. goodness scale
c. ratio scale
d. satisfactory scale
Q. Review of performance appraisal, labour turnover rates, planning of incentives andtraining programs and are examples of
a. statistics in production
b. statistics in marketing
c. statistics in finance
d. statistics in personnel management
Q. In a binomial distribution, n =5 mean equals 2, what is the value of q?
a. .40
b. .50
c. .60
d. .70
Q. Three fair coins tossed simultaneously what is the probability to get exact 2 head?
a. 3/8
b. 2/8
c. 1/8
d. 1
Q. A statement about a population developed for testing is called
a. hypothesis
b. hypothesis testing
c. level of significance
d. test-statistic