Business Statistics and Research Methods MCQs

Question 1

All data points falling along a straight line is called:

Accepted Answer

Linear relationship

Answer

Non-linear relationship

Answer

Residual

Answer

Scatter diagram

Question 2

The intersecting point of two regression lines is

Accepted Answer

$$\overline x ,\,\overline y $$

Answer

0, 0

Answer

$${b_{xy}},\,{b_{yx}}$$

Answer

None of these

Question 3

Assertion (A) In mean deviation, everything is considered positive. Reason (R) Sum of the deviations of the value of items in a series from arithmetic mean is zero and from other averages it is nearly zero.

Accepted Answer

Both (A) and (R) are true

Answer

Both (A) and (R) are true, but (R) is not the correct explanation of (A)

Answer

Both (A) and (R) are false

Answer

(A) is true, but (R) is false

Question 4

The data obtained by economic times are

Accepted Answer

Secondary

Answer

Primary

Answer

Both

Answer

None of these

Question 5

In the case of classification of data, the class having its upper limit is treated as the lower limit of its next class is called:

Accepted Answer

Exclusive class

Answer

Open ended class

Answer

Close ended class

Answer

Inclusive class

Question 6

Secular trend cannot be measured by

Accepted Answer

Weighted Average Method

Answer

Moving Average Method

Answer

Semi-Average Method

Answer

Free Hand Curve Method

Question 7

A firm which bottles shampoo selects some filled bottles for examination: The procedure used is that two random numbers are chosen, x and y. Starting at the x bottle filled, every bottle at an interval of y is then chosen for examination. This type of sampling is known as:

Accepted Answer

Systematic

Answer

Multi-stage

Answer

Random

Answer

Stratified

Question 8

The data obtained by 'Financial Express' is:

Accepted Answer

Secondary data

Answer

Primary data

Answer

All the above

Answer

None of these

Question 9

Which of the following is more relevant to primary data?

Accepted Answer

More reliable

Answer

Quicker to obtain

Answer

Available to individuals and small organizations

Answer

All are correct