Question:

The highest bar in a histogram represents

A.

the class with the lowest relative frequency

B.

the class with the lowest frequency

C.

the class with the highest frequency

D.

the class with the highest cumulative frequency

Answer» c. the class with the highest frequency

Question:

When constructing a frequency distribution, which of the following rules must befollowed?

A.

the midpoint of each class must be an integer

B.

the width of each class is equal to the lowest value in the data set

C.

the number of classes must be an even number

D.

adjacent classes cannot overlap

Answer» d. adjacent classes cannot overlap

Question:

In econometric models, t+1 indicates,

A.

net addition

B.

current value with some fluctuations

C.

expected value

D.

none of these

Answer» c. expected value

Question:

People who are available, volunteer, or can be easily recruited are used in the samplingmethod called ______

A.

simple random sampling

B.

cluster sampling

C.

systematic sampling

D.

convenience sampling

Answer» d. convenience sampling

Question:

Exponential smoothing is

A.

a method to use number exponents to smooth the time series

B.

one of the forecasting methods

C.

a method of testing linearity

D.

a method to find elasticity

Answer» b. one of the forecasting methods

Question:

One of the classifications of time series is that they can be either

A.

categorical or ordinal

B.

stationary or non-stationary

C.

inflationary or non-inflationary

D.

increasing or decreasing

Answer» b. stationary or non-stationary

Question:

Fisher’s Ideal Formula for calculating index nos. satisfies the________ tests

A.

units test

B.

factor reversal test

C.

both a and b

D.

do not satisfy any test

Answer» c. both a and b

Question:

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

Answer» c. 0.1 to 1

Question:

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

Answer» c. the source is primary for the company and secondary for the stockholders

Question:

In the equation of a straight line, Y = mX + c , if m is equal to −2 then:

A.

there is a positive relationship between the two variables

B.

there is no relationship between the two variables

C.

there is a negative relationship between the two variables

D.

the relationship between the two variables is perfect

Answer» c. there is a negative relationship between the two variables