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 6 of 9

Q51.
The measurement scale which allows the researchers and statisticians to perform certain operations on the data collected from respondents is classified as
Discuss
Answer: (a).interval scale
Q52.
The type of questions included in questionnaire to record responses in which the respondent can answer in any way are classified as
Discuss
Answer: (c).open ended questions
Q53.
The numerical or descriptive measure which is associated with variable to describe entire population of statistical phenomenon is classified as
Discuss
Answer: (c).parameter
Q54.
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
Q55.
The collection of all the elements such as group of variables for research is classified as
Discuss
Answer: (d).population
Q56.
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
Q57.
The characterization, collection and presentation of particular set of data in organized way is classified as
Discuss
Answer: (a).descriptive statistics
Q58.
The data measurement which arises from a specific measuring process is classified as
Discuss
Answer: (d).discrete data
Q59.
The measurement scale which allows the ranking of numbers rather than arithmetic operations on data is classified as
Discuss
Answer: (c).ordinal scale
Q60.
The scale used in statistics which provides the difference of proportions as well as magnitude of differences is considered as
Discuss
Answer: (b).ratio scale
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