Business Statistics and Research Methods MCQs

Question 1

Which of the following statement is/are correct? (1) Statistics deals with aggregate of facts. (2) All facts numerically expressed are Statistics. Select the correct answer using the options given below

Accepted Answer

Only 1

Answer

Only 2

Answer

Both 1 and 2

Answer

Neither 1 nor 2

Question 2

What practical steps can you take before you actually start your research?

Accepted Answer

All of the above

Answer

Find out exactly what your institution's requirements are for a dissertation

Answer

Make sure you are familiar with the hardware and software you plan to use

Answer

Apply for clearance of your project through an ethics committee

Question 3

The standard error is a statistical measure of:

Accepted Answer

the extent to which a sample mean is likely to differ from the population mean

Answer

the normal distribution of scores around the sample mean

Answer

the clustering of scores at each end of a survey scale

Answer

the degree to which a sample has been accurately stratified

Question 4

The classification of students of a college into two categorise 'rural' and 'urban' is

Accepted Answer

Qualitative

Answer

Quantitative

Answer

Geographical

Answer

None of these

Question 5

If there is a very strong correlation between two variables then the correlation coefficient must be:

Accepted Answer

much smaller than 0, if the correlation is negative

Answer

any value larger than 1

Answer

much larger than 0, regardless of whether the correlation is negative or positive

Answer

none of these alternatives is correct

Question 6

In simple regression equation, the numbers of variables involved are:

Accepted Answer

2

Answer

0

Answer

1

Answer

3

Question 7

Match the following. List-I List-II a. Range 1. Not based on all observation in data b. Mode 2. Middle value of a series arranged in any order of magnitude c. Mean 3. It can be used even when classes are open-ended d. Median 4. Is the most simple and frequently used average

Accepted Answer

a-1, b-3, c-4, d-2

Answer

a-1, b-2, c-3, d-4

Answer

a-2, b-1, c-4, d-3

Answer

a-3, b-2, c-1, d-4

Question 8

Accepting the null hypothesis, when it is incorrect. This is known as

Accepted Answer

error of statistics

Answer

error of data

Answer

error of tools

Answer

None of these

Question 9

Originally compiled data for a research is called

Accepted Answer

Primary data

Answer

Secondary data

Answer

Original data

Answer

None of these