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» Fundamentals of Business Statistics solved MCQs

The mean deviation of the observations 3, 5, 9, 1 and 2 about their median is

Question:

The mean deviation of the observations 3, 5, 9, 1 and 2 about their median is

A.

2.4

B.

2.2

C.

3

D.

2.8

Answer» b. 2.2

Note: The above multiple-choice question is for all general and Competitive Exams in India

The mean deviation of the observations 3, 5, 9, 1 and 2 about their median is Read More »

» Fundamentals of Business Statistics solved MCQs

If 𝝈𝒙 ൌ 𝟏𝟎, 𝝈𝒚 ൌ 𝟏𝟐, and bxy = – 0.8, then the value of correlation coefficient (r) is

Question:

If 𝝈𝒙 ൌ 𝟏𝟎, 𝝈𝒚 ൌ 𝟏𝟐, and bxy = – 0.8, then the value of correlation coefficient (r) is

A.

– 0.84

B.

– 0.96

C.

– 0.75

D.

0.86

Answer» b. – 0.96

Note: The above multiple-choice question is for all general and Competitive Exams in India

If 𝝈𝒙 ൌ 𝟏𝟎, 𝝈𝒚 ൌ 𝟏𝟐, and bxy = – 0.8, then the value of correlation coefficient (r) is Read More »

» Fundamentals of Business Statistics solved MCQs

The regression equation of y on x is 3x – 5y = – 12 and regression equation of x on y is2x – y = 7. The value of y when x = 10 is

Question:

The regression equation of y on x is 3x – 5y = – 12 and regression equation of x on y is2x – y = 7. The value of y when x = 10 is

A.

8.4

B.

6.5

C.

7

D.

9

Answer» a. 8.4

Note: The above multiple-choice question is for all general and Competitive Exams in India

The regression equation of y on x is 3x – 5y = – 12 and regression equation of x on y is2x – y = 7. The value of y when x = 10 is Read More »

» Fundamentals of Business Statistics solved MCQs

The basis of classification according to differences in time is called

Question:

The basis of classification according to differences in time is called

A.

Ordinal classification

B.

Temporal classification

C.

Spatial classification

D.

Qualitative classification

Answer» a. Ordinal classification

Note: The above multiple-choice question is for all general and Competitive Exams in India

The basis of classification according to differences in time is called Read More »

» Fundamentals of Business Statistics solved MCQs

Two dice are thrown simultaneously, the probability of obtaining a total sum 8 is

Question:

Two dice are thrown simultaneously, the probability of obtaining a total sum 8 is

A.

1/6

B.

5/6

C.

5/36

D.

7/36

Answer» b. 5/6

Note: The above multiple-choice question is for all general and Competitive Exams in India

Two dice are thrown simultaneously, the probability of obtaining a total sum 8 is Read More »

» Fundamentals of Business Statistics solved MCQs