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 4 of 9

Q31.
The scale which categorize the events in collectively exhaustive manner and mutually exclusive manner is classified as
Discuss
Answer: (d).nominal scale
Q32.
The type of rating scale which allows respondents to choose most relevant option out of other stated options is classified as
Discuss
Answer: (c).itemized rating scale
Discuss
Answer: (a).external secondary data sources
Q34.
The type of variable which can take fixed integer values is classified as
Discuss
Answer: (b).discrete variable
Q35.
The data which is generated within the company such as routine business activities is classified as
Discuss
Answer: (d).internal secondary data sources
Q36.
The question which have different answers for its subparts is considered as
Discuss
Answer: (a).double barreled questions
Q37.
The analytical study of relationship between output commodity and its price is classified as
Discuss
Answer: (a).demand analysis
Q38.
The process of converting inputs into outputs in the presence of repeatedly same conditions is classified as
Discuss
Answer: (c).process
Q39.
The branch of statistics which deals with development of particular statistical methods is classified as
Discuss
Answer: (d).mathematical statistics
Q40.
The type of variable which can take any numerical figure for calculation is classified as
Discuss
Answer: (a).continuous variable
Page 4 of 9