Business Statistics Basics MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Business Statistics Basics, a fundamental topic in the field of Business Statistics. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Business Statistics Basics MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Business Statistics Basics mcq questions that explore various aspects of Business Statistics Basics problems. Each MCQ is crafted to challenge your understanding of Business Statistics Basics principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Business Statistics tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Business Statistics Basics MCQs are your pathway to success in mastering this essential Business Statistics topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Business Statistics Basics. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Business Statistics Basics knowledge to the test? Let's get started with our carefully curated MCQs!

Business Statistics Basics MCQs | Page 1 of 9

Discover more Topics under Business Statistics

Q1.
The type of variable which can take fixed integer values is classified as
Discuss
Answer: (b).discrete variable
Q2.
The data which is generated within the company such as routine business activities is classified as
Discuss
Answer: (d).internal secondary data sources
Q3.
The question which have different answers for its subparts is considered as
Discuss
Answer: (a).double barreled questions
Q4.
The analytical study of relationship between output commodity and its price is classified as
Discuss
Answer: (a).demand analysis
Q5.
The process of converting inputs into outputs in the presence of repeatedly same conditions is classified as
Discuss
Answer: (c).process
Q6.
The range or set of values which have chances to contain value of population parameter with particular confidence level is considered as
Discuss
Answer: (b).confidence interval estimate
Q7.
The upper and lower boundaries of interval of confidence are classified as
Discuss
Answer: (d).confidence limits
Q8.
For a parameter whose value is unknown, the belief or claim for that parameter is classified as
Discuss
Answer: (c).hypothesis testing
Q9.
If the standard deviation of population 1 is 3 with sample size is 8 and the population 2 standard deviation is 5 with sample size is 7 then the standard deviation of sampling distribution is
Discuss
Answer: (c).1.044
Q10.
Considering the sample statistic, if the mean of sampling distribution is equal to population mean then the sample statistic is classified as
Discuss
Answer: (a).unbiased estimator
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