Business Statistic BBA-I
Business Statistic BBA-I
Business Statistic BBA-I
1-If three letters are to be put in three addressed envelopes randomly, the probability that none of
the letters are in the correct envelope is :
(a) 0
(b) 1/6
(c) 1/3
(d) ½
2-For which of the following distributions mean and variance are equal?
(a) Normal Distribution
3-A coin is tossed five times in succession. What is the probability of getting at least four heads?
(a) 1/4
(b) 3/4
(c) 1/16
(d) 3/16
6-If there is linear trend present in the population, then which of the following methods is the
most efficient sampling technique?
(a) Cluster sampling
8-Which of the following sampling technique is preferred when population units are numbered
and arranged in order?
(a) Simple Random Sampling
(b) Confounding
(d) Replication
(b) t-distribution
(d) F-distribution
(b) 0 to + 1
(c) – 1 to + 1
(d) 0 to + ∞
(b) Normal
(c) F
(d) Student’s t
(b) Poisson
(c) Gamma
(d) Binomial
(b) Normal
(c) t – test
(a) 0
(b) 1
(c) 2
(d) 3
19. If each observation of the data is increased by 5, then what happens to its mean?
(a) is increased by 4
(b) is increased by 5
(c) is decreased by 4
(d) is decreased by 5
20. In the class intervals 40 – 50, 50 – 60, the number 50 is included in which of the following?
(a) 40 – 50
(b) 30 – 40
(c) 50 – 60
(d) 60 – 70
21. If the mean of x, x + 3, x + 5, x + 7 and x + 10 is 9 then what is the means of last three
observations?
(a)
(b)
(c)
(d) 12
22. If x be the mid-point and 1 be the upper class limit of a class in a containous frequency
distribution. What is the lower limit of the class?
(a) x – 1
(b) 3x + 8
(c) 2x + 2
(d) 2x – 1
23. The mean of five numbers is 30. If one number is excluded, their mean becomes 28. What is the
excluded number?
(a) 38
(b) 35
(c) 33
(d) 36
24. What is the median of the data 78, 56, 22, 34, 45, 54, 39, 68, 54, 84?
(a) 54
(b) 53
(c) 55
(d) 51
ANSWERS:
1-(c), 2-(b), 3-(c), 4-(d), 5-(b), 6-(b), 7-(a), 8-(c), 9-(b), 10-(c), 11-(c), 12-(b), 13-(c), 14-(d), 15-(d),
16-(b),17(b),18-a,19-b,20-c,21-c,22-d,23-a,24-a
Statistics MCQs
25. A numerical value used as a summary measure for a sample, such as a sample mean, is known as
a
A) Population Parameter
B) Sample Parameter
C) Sample Statistic
D) Population Mean
Answer: C
26. Statistics branches include
A) Applied Statistics
B) Mathematical Statistics
C) Industry Statistics
D) Both A and B
Answer: D
27. To enhance a procedure the control charts and procedures of descriptive statistics are classified
into
A) Behavioural Tools
B) Serial Tools
C) Industry Statistics
D) Statistical Tools
Answer: A
28. Sample statistics are also represented as
A) Lower Case Greek Letter
B) Roman Letters
C) Associated Roman Alphabets
D) Upper Case Greek Letter
Answer: B
29. Individual respondents, focus groups, and panels of respondents are categorised as
A) Primary Data Sources
B) Secondary Data Sources
C) Itemized Data Sources
D) Pointed Data Sources
Answer: A
30. The variables whose calculation is done according to the height, length, and weight are categorised
as
A) Discrete Variables
B) Flowchart Variables
C) Measuring Variables
D) Continuous Variables
Answer: A
31. A method used to examine inflation rate anticipation, unemployment rate, and capacity utilization to
produce products is classified as
A) Data Exporting Technique
B) Data Importing Technique
C) Forecasting Technique
D) Data Supplying Technique
Answer: C
32. Graphical and numerical methods are specialized process utilized in
A) Education Statistics
B) Descriptive Statistics
C) Business Statistics
D) Social Statistics
Answer: B
33. The scale applied in statistics which imparts a difference of magnitude and proportions is
considered as
A) Exponential Scale
B) Goodness Scale
C) Ratio Scale
D) Satisfactory Scale
Answer: C
34. Review of performance appraisal, labour turnover rates, planning of incentives, and training
programs and are examples of
A) Statistics in Production
B) Statistics in Marketing
C) Statistics in Finance
D) Statistics in Personnel Management
Answer: D
A. Production
B. Social service
C. Professional
D. Trading in goods
Answer B
36. Which option is not a business activity?
A. Production of goods
B. Transportation
C. Exchange of goods
D. Work in a factory for wages
Answer D
37. Which of the following is the characteristic of a business?
A. Production
B. Exchange or sale
C. Risk element
D. All the above
Answer D
38. Oil refinery and sugar mill are classified under which industries?
A. Primary
B. Secondary
C. Tertiary
D. None of the above
Answer B
39. Identify the activity which does not support trade?
A. Banking
B. Warehousing
C. Insurance
D. Mining
Answer D
40. In which occupation people get salary or wages in return for their word?
A. Employment
B. Business
C. Profession
D. None of the above
Answer A
41. Which item does not cause any business risk?
A. Breakdown of machinery
B. Efficient management
C. Riot
D. Changing government policy
Answer D
42. In which business, the support service activities are categorized?
A. Commercial industries
B. Primary industries
C. Secondary industries
D. Tertiary industries
Answer D
43. In business, why it is essential to make a profit?
Answer C
45. Which of the following is not a management function.
A. Planning
B. Staffing
C. Cooperating
D. Controlling
Answer C
46. Policy formulation comes under which role?
A. Top-level managers
B. Middle-level managers
C. Operational management
D. All of the above
Answer A
47. Management is defined as?
A. An art
B. A science
C. Both art and science
D. None of the above
Answer C
48. Which of the below-mentioned item does not follow the scalar chain?
A. Functional structure
B. Divisional structure
C. Formal organization
D. Informal organization
Answer D
49. What is Centralisation?
A. Authority
B. Manpower
C. Incentives
D. Promotion
Answer A
51. Grouping of activities on the basis product lines is a part of.
A. Delegated organization
B. Divisional organization
C. Functional organization
D. Autonomous organization
Answer B
52. Policy formulation is a task of?
A. Top-level managers
B. Middle-level managers
C. Operational management
D. All of the above
Answer A
53. Which of the element is not a part of the communication process?
A. Decoding
B. Communication
C. Channel
D. Receiver.
Answer B
54. Name the process that converts a message into communication symbols
A. Media
B. Encoding
C. Feedback
D. Decoding
Answer B
Answer-d
2. Mode is the
(a) middle most frequent value
(b) least frequent value
(c) maximum frequent value
(d) none of these
Answer
Answer: c
Answer-b
Answer
Answer: c
Answer
Answer: a
f 20 30 24 40 18
the sum of lower limits of the modal class and the median class is
(a) 20
(b) 30
(c) 40
(d) 50
Answer
Answer: d
f 26 20 30 16 22
the upper limit of the median class is
(a) 18.5
(b) 18
(c) 17.5
(d) 17
Answer
Answer: c
Less than 20 4
Less than 40 12
Less than 60 25
Less than 80 56
Answer
Answer
Answer: c
C.I. f
65-85 4
85 – 105 5
105 – 125 13
125 – 145 20
145 – 165 14
165 – 185 7
185 – 205 4
the difference of the upper limit of the median class and the lower limit of the
modal class is
(a) 38
(b) 20
(c) 19
(d) 0
Answer
f 10 15 12 20 9
the difference of the upper limit of the median class and the lower limit of the
modal class is
(a) 0
(b) 5
(c) 10
(d) -5
Answer
Answer: a
No. of students 3 9 13 10 5
the number of students who got marks less than 30 is
(a) 13
(b) 25
(c) 10
(d) 12
Answer
Answer
MCQ Questions for Class 10 Maths with Answers Question 16. The times, in
seconds, taken by 150 atheletes to run a 100 m hurdle race are tabulated
below:
C.I. f
13.8-14 3
14 – 14.2 4
14.2 – 14.4 6
14.4 – 14.6 69
14.6 – 14.8 48
14.8-15 20
The number of atheletes who completed the race in less than 14.6 seconds is
(a) 13
(b) 69
(c) 82
(d) 130
Answer
17. di is the deviation of xi from assumed mean a. If mean = x+∑fidi∑fi, then x
is
(a) class size ‘
(b) number of observations
(c) assumed mean
(d) none of these
Answer/Explanation
18. Mean of 100 items is 49. It was discovered that three items which should
have been 60, 70, 80 were wrongly read as 40, 20, 50 respectively. The correct
mean is
(a) 48
(b) 49
(c) 50
(d) 60
Answer/Explanation
MCQ on Statistics Class 9 Question 19. Choose the correct answer from the
given four options : In the formula
for finding the mean of grouped data d1 s are deviation from a of [NCERT
Exemplar Problems]
(a) lower limits of the classes
(b) upper limits of the classes
(c) mid points of the classes
(d) frequencies of the class marks
Answer/Explanation
Answer: c
Explaination: (c) mid-points of the classes.
20. While computing mean of grouped data, we assume that the frequencies
are [NCERT Exemplar Problems]
(a) evenly distributed over all the classes
(b) centred at the classmarks of the classes
(c) centred at the upper limits of the classes
(d) centred at the lower limits of the classes
Answer/Explanation
MCQ for Class 10 Maths with Answer: bExplaination: (b) centred at the classmarks of the classes.
CBSE Class 10 Maths MCQ Pdf Question 21. A car travels from city A to city B,
120 km apart at an average speed of 50 km/h. It then makes a return trip at an
average speed of 60 km/h. It covers another 120 km distance at an average
speed of 40 km/h. The average speed over the entire 360 km will be
Answer/Explanation
22. Mean of n numbers x1, x2, … xn is m. If xn is replaced by x, then new mean is
Answer/Explanation
Answer/Explanation
Answer: c
Explaination: xi−ah
24. The abscissa of the point of intersection of the less than type and of the
more than type cumulative frequency curves of a grouped data gives its
[NCERT Exemplar Problems]
(a) mean
(b) median
(c) mode
(d) all the three above
Answer/Explanation
Answer: b
Explaination: median
25. For the following distribution:
Below 10 3
Below 20 12
Below 30 27
Below 40 57
Below 50 75
Below 60 80
the modal class is
(a) 10 – 20
(b) 20 – 30
(c) 30 – 40
(d) 50 – 60
Answer
26. The times, in seconds, taken by 150 atheletes to run a 110 m hurdle race
are tabulated below:
Class Frequency
13.8 – 14.0 2
14.0 – 14.2 4
14.2 – 14.4 5
14.4 – 14.6 71
14.6 – 14.8 48
14.8 – 15.0 20
The number of atheletes who completed the race in less then 14.6 seconds is:
[NCERT Exemplar Problems]
(a) 11
(b) 71
(c) 82
(d) 130
Answer/Explanation
Answer/Explanation
Answer: a
Explaination: (a) maximum frequency.
28. Mode and mean of a data are 12k and 15A. Median of the data is
(a) 12k
(b) 14k
(c) 15k
(d) 16k
Answer/Explanation
Answer: b
Explaination:
(b) ∵ Mode = 3 median – 2 mean
⇒ 12k = 3 median – 2 × 15k
⇒ 42k = 3 median
⇒ Median = 14k.
30. The median of set of 9 distinct observations is 20.5. If each of the largest 4
observations of the set is increased by 2, then the median of the new set
(a) is increased by 2
(b) is decreased by 2
(c) is two times of the original number
(d) Remains the same as that of the original set.
Answer/Explanation
Maths Multiple Choice Questions with Answers for Class 10 Question 31. The
median from the table is
Value Frequency
7 2
8 1
9 4
10 5
11 6
12 1
13 3
(a) 11
(b) 10
(c) 12
(d) 11.5
Answer/Explanation
Answer:
Explaination:
32. The relationship between mean, median and mode for a moderately
skewed distribution is
(a) mode = median – 2 mean
(b) mode = 3 median – 2 mean
(c) mode = 2 median – 3 mean
(d) mode = median – mean
Answer/Explanation
Answer
Answer: b
35. The A.M. of a set of 50 numbers is 38. If two numbers of the set namely 55
and 45 are discarded, the A.M. of the remaining set of numbers is ______ .
Answer/Explanation
Answer:
Explaination: 37.5
Answer/Explanation
Answer:
Explaination:
38. If Σfi = 11, Σfixi = 2p + 52 and the mean of any distribution is 6, find the value
of p.
Answer/Explanation
Answer:
Explaination:
39. A set of numbers consists of four 5’s, six 7’s, ten 9’s, eleven 12’s, three 13’s,
two 14’s. The mode of this set of numbers is ____ .
Answer/Explanation
Answer:
Explaination: 12
Answer/Explanation
Answer:
Explaination: 3
41. Find the value of x, if the mode of the following data is 25.
15, 20, 25, 18, 14, 15, 25, 15, 18, 16, 20. 25, 20, x, 18
Answer/Explanation
Answer:
Explaination:
14 1 1
15 III 3
16 1 1
18 III 3
20 III 3
25 III 3
Observations 15,18,20, and 25 all have the same frequency i.e., 3. For 25 be the mode of the data it
should have the maximum frequency.
∴ 25 should repeat itself at least once more i.e., x should be 25.
42. If the mode of a data is 18 and the mean is 24. then median is _____ .
Answer/Explanation
Answer:
Explaination: Median = 663 = 22.
Answer/Explanation
Answer/Explanation
45.
x f c.f.
1 8 8
2 10 18
3 11 29
4 16 45
5 20 65
6 25 90
7 15 105
8 9 114
9 6 120
Find the median distribution.
Answer/Explanation
46.
0 and above 80
10 and above 77
20 and above 72
30 and above 65
40 and above 55
50 and above 43
60 and above 28
70 and above 16
80 and above 10
90 and above 8
Answer/Explanation
Answer:
Explaination:
Marks Frequency
0 – 10 3
10 – 20 5
20 – 30 7
30 – 40 10
40 – 50 12
50 – 60 15
60 – 70 12
70 – 80 6
80 – 90 2
90 – 100 8
47. Find the median class of the following data:
0-10 8
10-20 10
20-30 12
30-40 22
40-50 30
50-60 18
Answer/Explanation
Answer/Explanation-two
49. Which measure of central tendency is given by the x-coordinate of the point
of intersection of the “more than ogive” and “less than ogive”?
Answer/Explanation-median
50. In drawing ogive, cumulative frequencies are marked on _____ axis.
Answer/Explanation-y axis
Business statistic
SHORT ANSWERD TYPE-
UNIT-I
a. Coefficient of Range
b. Harmonic Mean
5. Explain the term probability. Critically evaluate various approaches of probability also.
Marks in 77 54 27 52 14 35 90 25 56 60
Accounting
Marks in 35 58 60 40 50 40 35 56 34 42
Statistics
UNIT-II
UNIT-III
∑ p0q1 = 640 .
UNIT-IV
UNIT-V
x : 20 30 40 50 60 70 80
x: 36 56 20 65 42 33 44 50 15 60
y: 50 35 70 25 58 75 60 45 80 38
3 32083/ZPNC
9. Compute Fisher’s ideal index number for the data
given below :
A 5 100 6 150
B 4 80 5 100
C 2.5 60 5 72
D 12 30 9 33
UNIT-I
1. Define Statistics.
Profits : 3 5 7 10
(Rs. lakhs)
∑ p0q1 = 640 .
UNIT-II
3. What is median?
6. What is Regression?
7. What is ‘Time Series’?
UNIT-III
5. (a) Describe the addition and multiplication rules of probability with and example of
Each case.
(b) In a randomly selected leap year what is the probability that there are 53 Sunday
Or 53 Wednesday.
(c) A problem in statistics is given to three students, whose chances of solving it correctly
Are ½, 1/3 and ¼ respectively. What is the probability that the problem will not be
solved ? [ MARKS 5]
(d) In how many ways can a vowel and a consonant be selected out of the letters of word
'COURAGE' ? [ MARKS 5]
6. (a) A decision problem has been expressed in the following Pay-off table :
Pay-off Table
State of Nature Alternatives
a1 a2 a3
```
E1 3,800 3,720 3,640
E2 3,280 3,240 3,320
E3 2,840 2,880 3,480
8. (a) A sample of size 10 is found to have mean of 3.24 cm. Could it be regarded as a
sample
From a large population whose mean is 2.74 cm. and standard deviation is 2.5 cm. at 5
per
-cent level of
significance ? [MARKS 10]
(b) Will your answer differ in case you test it at 99 percent level of confidence ? [MARKS
5]
(c) What is central limit theorem ? [MARKS 5]
9. Differentiate between the following : [MARKS 5+5+5+5]
i. type I error and type II error ;
ii. Point estimate and Interval Estimate;
iii. Parameter and Statistics;
iv. Null Hypothesis and Alternative Hypothesis.
10 . Set up a two way ANOVA table for the data given below. Use coding method
subtracting
40 from the given numbers :
Plots Treatments
ABCD
P 45 40 38 37
Q 43 41 45 38
R 39 39 41 41
Test two hypotheses, first hypotheses for treatments and second hypotheses for plots.
[MARKS 20]
Section C
11. Find out trend values on the basis of parabolic curve of second order from the data
given below
And forecast the value for 2010 : [MARKS 16+4]
Year Sales
(RS`in crores )
2005 10
2006 12
2007 13
2008 10
2009 8
12. (A) In an examination in which 500 candidates appeared, boys outnumbered girls by
14 %
Of all candidates. Number of passed candidates exceeded number of failed candidates
by 300. Boys
Failing in examination numbered 80. Calculate Yule's coefficient of association between
boys and
Success in examination. [MARKS 15.]
(b) Distinguish between association of attributes and correlation. [MARKS 5.]
13. (a) compute the two regression coefficients using the values of actual means of X an
Y from the data
Given below, then work out the value of correlation coefficient : [MARKS 15.]
XY
76
45
89
68
52
(B) What do you mean by partial correlation ? How is it different from multiple
correlation ? [MARKS 5.]
UNIT-V