Business Statistics - Study Mode
[#86] In Job order cost system the costs are assigned to the jobs passing through the plant and are accumulated by recording the basic job statistics on the
Correct Answer
(A) Job card
[#87] When the relationship is of quantitative nature, the appropriate statistical tool for discovering and measuring the relationship and expressing it, in brief formula is known as
Correct Answer
(C) Average
[#88] "The centre of interest in sampling theory is the development of criteria for assisting common sense or educated judgement concerning the magnitude of chance fluctuation in statistical ratios, averages and co-efficients." Who said?
Correct Answer
(A) J. F. Kenny and E. S. Keeping
[#89] It is often more important to find out what the relation actually is, in order to estimate or product one variable and the statistical technique appropriate to such a case is called
Correct Answer
(A) Regression analysis
[#90] Match the following List-I (Phases of decision making process) List-II (Explanation) a. Intelligence 1. Inventing, developing, and analyzing possible courses of action. This involves processes to understand the problem, to generate solutions, and to test solutions for feasibility. b. Design 2. Selecting an alternative or course of action from those available. A choice is made and implemented. c. Choice 3. Searching the environment for conditions calling for decisions. Data inputs are obtained, processed, and examined for clues that may identify problems or opportunities.
Correct Answer
(B) a-3, b-1, c-2