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 5 of 9

Discover more Topics under Business Statistics

Q41.
The subset of selected population is called
Discuss
Answer: (d).sample
Q42.
The analysis based on study of price fluctuations, production of commodities and deposits in banks is classified as
Discuss
Answer: (b).time series analysis
Q43.
The scale which is used in determination of categorical information is called
Discuss
Answer: (d).nominal scale
Q44.
The collection of observations for all the variables related to some research or findings is classified as
Discuss
Answer: (a).data
Q45.
For quality improvements, the philosophy which acts like a guide and provides solid foundation is classified as
Discuss
Answer: (a).management philosophy
Q46.
The statistical method which facilitate the decision making process for population sample results is classified as
Discuss
Answer: (b).inferential statistics
Q47.
All the individual elements of sample are considered as
Discuss
Answer: (a).experimental units
Q48.
The group of observations for which better understanding is needed and the group is related to specific phenomenon is classified as
Discuss
Answer: (a).population
Q49.
The number of employees according to human resource manager is an example of
Discuss
Answer: (b).discrete variable
Q50.
The characteristics that are intended to be analyzed and investigated for a given population are classified as
Discuss
Answer: (c).variables
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