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

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Q41.
The type of questions for questionnaire includes
Discuss
Answer: (d).all of above
Q42.
If the point estimate is 8 and the margin of error is 5 then the confidence interval is
Discuss
Answer: (a).3 to 13
Q43.
To develop interval estimate of any parameter of population, the value which is added or subtracted from the point estimate is classified as
Discuss
Answer: (d).margin of error
Q44.
In confidence interval estimation, the confidence efficient is denoted by
Discuss
Answer: (c).1 - ฮฑ
Q45.
Considering the sample size, the sampling distribution standard error decreases when the
Discuss
Answer: (a).size of sample increases
Q46.
The method in which the sample statistic is used to estimate the value of parameters of population is classified as
Discuss
Answer: (a).estimation
Q47.
In confidence interval estimation, the interval estimate is also classified as
Discuss
Answer: (a).confidence efficient
Q48.
If the sample size is greater than or equal to 30 then the sample standard deviation can be approximated to population standard deviation for the
Discuss
Answer: (b).unknown standard deviation
Q49.
The value of any sample statistic which is used to estimate the parameters of population is classified as
Discuss
Answer: (a).point estimate
Q50.
The distance between the true value of population parameter and estimated value of population parameter is called
Discuss
Answer: (c).error of estimation
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