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» Quantitative Methods for Economic Analysis 1 solved MCQs

Which of the following techniques yields a simple random sample

Question:

Which of the following techniques yields a simple random sample

A.

choosing volunteers from an introductory psychology class to participate

B.

listing the individuals by ethnic group and choosing a proportion from within each ethnic group at random

C.

numbering all the elements of a sampling frame and then using a random number table to pick cases from the table

D.

randomly selecting schools, and then sampling everyone within the school

Answer» c. numbering all the elements of a sampling frame and then using a random number table to pick cases from the table

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

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» Quantitative Methods for Economic Analysis 1 solved MCQs

The _________coefficient (r) is a ratio between the covariance (variance shared by twovariables) and a measure of the separate variances.

Question:

The _________coefficient (r) is a ratio between the covariance (variance shared by twovariables) and a measure of the separate variances.

A.

regression

B.

elasticity

C.

correlation

D.

mean

Answer» c. correlation

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

The _________coefficient (r) is a ratio between the covariance (variance shared by twovariables) and a measure of the separate variances. Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

Which of the following is incorrect

Question:

Which of the following is incorrect

A.

in linear regression a real line is drawn through the data points where total error is minimized.

B.

in linear regression the line tells us by how much y is predicted to change as a result of a change in x.

C.

in linear regression the line fits the data in the best place possible.

D.

in linear regression the line of best fit maximises the distance between the scores and the regression line.

Answer» d. in linear regression the line of best fit maximises the distance between the scores and the regression line.

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

Which of the following is incorrect Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

Students A,B and C took part in a recent quiz. Student A scored 50 points, Student Bscored 60 points and Student C scored 70 points. What is the mean of this quiz

Question:

Students A,B and C took part in a recent quiz. Student A scored 50 points, Student Bscored 60 points and Student C scored 70 points. What is the mean of this quiz

A.

60

B.

50

C.

70

D.

45

Answer» a. 60

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

Students A,B and C took part in a recent quiz. Student A scored 50 points, Student Bscored 60 points and Student C scored 70 points. What is the mean of this quiz Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

The ratio of a new price to the base year price is called the:

Question:

The ratio of a new price to the base year price is called the:

A.

price absolute

B.

price decrease

C.

price increase

D.

price relative

Answer» d. price relative

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

The ratio of a new price to the base year price is called the: Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

You have a correlation coefficient of 0.45 between two variables. How much variancewould these two variables (to the nearest whole number) share, in percentage terms

Question:

You have a correlation coefficient of 0.45 between two variables. How much variancewould these two variables (to the nearest whole number) share, in percentage terms

A.

16%

B.

67%

C.

25%

D.

20%

Answer» d. 20%

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

You have a correlation coefficient of 0.45 between two variables. How much variancewould these two variables (to the nearest whole number) share, in percentage terms Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

How is the arithmetic mean related to the variance

Question:

How is the arithmetic mean related to the variance

A.

variance has the square of the mean in its formula

B.

variance is not related to the mean, but standard deviation is

C.

variance measures the variability of values about the mean

D.

they are not related. one is a measure of central tendency, and the other is a measure of

Answer» c. variance measures the variability of values about the mean

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

How is the arithmetic mean related to the variance Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

The movie theater industry tracks ticket sales by age groups. A _______would provide anappropriate representation for the proportion of ticket sales attributed to each age group.

Question:

The movie theater industry tracks ticket sales by age groups. A _______would provide anappropriate representation for the proportion of ticket sales attributed to each age group.

A.

ogive

B.

line graph

C.

scatter diagram

D.

pie chart

Answer» d. pie chart

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

The movie theater industry tracks ticket sales by age groups. A _______would provide anappropriate representation for the proportion of ticket sales attributed to each age group. Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

The cumulative frequency for a particular class is equal to 35. The cumulative frequency for the next class will be _________________

Question:

The cumulative frequency for a particular class is equal to 35. The cumulative frequency for the next class will be _________________

A.

less than 35

B.

equal to 65

C.

35 minus the next class frequency

D.

35 plus the next class frequency

Answer» d. 35 plus the next class frequency

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

The cumulative frequency for a particular class is equal to 35. The cumulative frequency for the next class will be _________________ Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs