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

Q41.
The tools such decision making by nominal groups, brain storming and term buildings are all considered as
Discuss
Answer: (b).behavioral tools
Q42.
One of the category of the statistical method is
Discuss
Answer: (c).inferential statistics
Q43.
The branch of statistics in which the data is collected according to ordinal scale or nominal scale is classified as
Discuss
Answer: (d).non-parametric statistics
Q44.
The time frame to complete a transaction in bank is classified as
Discuss
Answer: (b).process
Q45.
The type of rating scale which represents response of respondents by marking at appropriate point is classified as
Discuss
Answer: (a).graphic rating scale
Discuss
Answer: (d).both a and b
Q47.
The scale which is used to determine the ratios equality is considered as
Discuss
Answer: (b).ratio scale
Q48.
The examples of variables in statistical phenomenon consists
Discuss
Answer: (d).all of above
Q49.
The procedures of descriptive statistics and control charts which are used to improve the process are classified as
Discuss
Answer: (a).statistical tools
Q50.
The analytical study of breakeven point and decisions related to investments in uncertain conditions is an example of
Discuss
Answer: (b).statistics in finance
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