Statistics And Quantitative Methods! Trivia Quiz

20 Questions | Total Attempts: 1508

SettingsSettingsSettings
Please wait...
Statistics And Quantitative Methods! Trivia Quiz


Questions and Answers
  • 1. 
    Which of the following statements about statistics is not correct?
    • A. 

      Statistics is sometimes misused by statisticians.

    • B. 

      Statistics has hardly any limitations.

    • C. 

      Statistics is indispensable in the management of business enterprises.

    • D. 

      Statistics is of two types: descriptive and inferential.

  • 2. 
    Which of the following statements describes "Statistics" most appropriately?
    • A. 

      Statistics is the science of counting.

    • B. 

      Statistics is the science of averages.

    • C. 

      Statistics is concerned with the collection, presentation and analysis of data leading to valid conclusions.

    • D. 

      Statistics is the aggregate of facts.

  • 3. 
    Which of the following is the most accurate method of classifying data?
    • A. 

      Qualitative Method

    • B. 

      Quantitative Method

    • C. 

      Method depending on the nature of information required for a particular situation/ problem.

    • D. 

      A & b

  • 4. 
    The first step in the formation of a frequency table is?
    • A. 

      Choosing a suitable size or width of class intervals.

    • B. 

      Establishing the boundaries of each class intervals.

    • C. 

      Deciding an appropriate number of class groupings.

    • D. 

      Classifying the data into the appropriate classes.

  • 5. 
    The sum of deviations taken from arithmatic mean is?
    • A. 

      Minimum

    • B. 

      Zero

    • C. 

      Maximum

    • D. 

      None of the rest options given here

  • 6. 
    When calculating median of data set, the first step is:
    • A. 

      Calculate the mean of two middle items in the data set

    • B. 

      Arrange the data in ascending or descending order

    • C. 

      Determine the relative weights of data values in terms of importance

    • D. 

      None of the other given options

  • 7. 
    Which of the following statements is not correct?
    • A. 

      Extreme value in data affects the mean

    • B. 

      Mean is also known as average

    • C. 

      Some data sets do not have mean

    • D. 

      At times weighted mean is much better than the simple mean

  • 8. 
    Which of the following statement is not correct in respect of the range as a measure of dispersion?
    • A. 

      It is difficult to calculate

    • B. 

      Only two points in the data set determines it

    • C. 

      It is affected by extreme values

    • D. 

      There may be considerable change in it from one sample to another

  • 9. 
    Which of the following is not true in respect of mean deviation?
    • A. 

      It is simple to understand.

    • B. 

      It considers each & every item in a series.

    • C. 

      It is capable of further algebric treatment.

    • D. 

      The extreme items have less effect on its magnitude.

  • 10. 
    Which of the curves is more peaked than the normal curve?
    • A. 

      Mesokurtic

    • B. 

      Platykurtic

    • C. 

      Lapokurtic

    • D. 

      None of the rest

  • 11. 
    In a symmetrical series:
    • A. 

      Mode > mean

    • B. 

      Mean > median

    • C. 

      Mean < mode

    • D. 

      Mean=mode=median

  • 12. 
    If the outcome of one event doesnot influence another event, then the two events are:
    • A. 

      Mutually exclusive

    • B. 

      Dependent

    • C. 

      Independent

    • D. 

      Both a & c

  • 13. 
    What is the probability of getting an even number when a die is tossed?
    • A. 

      1/3

    • B. 

      1/2

    • C. 

      1/6

    • D. 

      1

  • 14. 
    What is the probability of drawing an ace from a bunch of playing cards?
    • A. 

      1/10

    • B. 

      1/13

    • C. 

      1/52

    • D. 

      1/4

  • 15. 
    When the sample size increases, which of the following is correct?
    • A. 

      The standard error remains unchanged

    • B. 

      The standard error increases

    • C. 

      The standard error declines

    • D. 

      None of the rest options

  • 16. 
    When the two regression lines coincide, then "r" is:
    • A. 

      0

    • B. 

      -1

    • C. 

      1

    • D. 

      .5

  • 17. 
    What will be the range of "r" when we find that the dependent variable increases as the independent variable increases?
    • A. 

      0 to -0.05

    • B. 

      1 to 2

    • C. 

      0.1 to 1

    • D. 

      None of the rest options

  • 18. 
    Which of the following correlation coefficients shows the highest degree of association?
    • A. 

      -1

    • B. 

      1

    • C. 

      0.9

    • D. 

      Both a & b

  • 19. 
    When the correlation coefficient between x and y is positive, then as variable x decreases, variable y :
    • A. 

      Remains the same

    • B. 

      Increases

    • C. 

      Decreases

    • D. 

      Changes linearly

  • 20. 
    Which of the following components is used for a short-term forecast?
    • A. 

      Cyclical

    • B. 

      Trend

    • C. 

      Seasonal

    • D. 

      None of the rest options