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 3 of 9

Discover more Topics under Business Statistics

Q21.
The model which consists of management philosophy, behavioral tools and statistical methods as key steps towards improvement is considered as
Discuss
Answer: (c).quality improvement process model
Q22.
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
Q23.
The upper and lower boundaries of interval of confidence are classified as
Discuss
Answer: (d).confidence limits
Q24.
For a parameter whose value is unknown, the belief or claim for that parameter is classified as
Discuss
Answer: (c).hypothesis testing
Q25.
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
Q26.
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
Q27.
The collection of all the elements such as group of variables for research is classified as
Discuss
Answer: (d).population
Q28.
According to the types of questionnaires, the structured undisguised questionnaire is the one in which the purpose of study is
Discuss
Answer: (c).not disclosed to respondents
Q29.
The characterization, collection and presentation of particular set of data in organized way is classified as
Discuss
Answer: (a).descriptive statistics
Q30.
The data measurement which arises from a specific measuring process is classified as
Discuss
Answer: (d).discrete data
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