Statistics And Quantitative Methods! Trivia Quiz

20 Questions | By Vijaynegi | Updated: Mar 22, 2022 | Attempts: 4046

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Statistics And Quantitative Methods! Trivia Quiz - 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