Business Statistics And Research Methods - Practice Test

[#196] The joint probability is:

(A) The likelihood of two events happening together

(B) The likelihood of an event happening given that another event has already happened

(C) Based on two mutually exclusive events

(D) Also called prior probability

Correct Answer

(A) The likelihood of two events happening together

[#197] If a perpendicular on X-axis from the point of intersection of both 'less than' and 'more than' frequency curves is drawn, it gives the value of

(A) Arithmetic mean

(B) Third quartile

(C) Mode

(D) Median

(E) Arithmetic mean

(F) Third quartile

(G) Mode

(H) Median

Correct Answer

(D) Median
(H) Median

[#198] Match the items of List-I with the items of List-Il and denote the option of correct matching. List-I List-II a. Hypothesis of Sales Revenue Maximization 1. W. J. Baumol b. Hypothesis of Maximization of Firm's Growth Rate 2. Robin Marris c. Hypothesis of Maximization of Managerial Utility Function 3. O. E. Williamson d. Hypothesis of Satisfying Behaviour 4. Cyert and March

(A) a-2, b-1, c-3, d-4

(B) a-2, b-3, c-1, d-4

(C) a-1, b-2, c-3, d-4

(D) a-1, b-4, c-2, d-3

Correct Answer

(C) a-1, b-2, c-3, d-4

[#199] Consider the following statements. Statement I: The absolute value of the difference between an unbiased estimate and the corresponding population parameter is called sampling error. Statement II: Multi-stage sampling is a restricted non-probability-based sampling technique.

(A) Both the Statements are correct

(B) Both the Statements are incorrect

(C) Statement I is correct, while Statement II is incorrect

(D) Statement I is incorrect, while Statement II is correct

Correct Answer

(C) Statement I is correct, while Statement II is incorrect

[#200] Which one is not the method of collecting primary data?

(A) Economic survey publication

(B) Direct personal investigation

(C) Indirect oral investigation

(D) Schedules to be filled in by enumerators

Correct Answer

(A) Economic survey publication

Business Statistics And Research Methods - Study Mode

[#196] The joint probability is:

Correct Answer

[#197] If a perpendicular on X-axis from the point of intersection of both 'less than' and 'more than' frequency curves is drawn, it gives the value of

Correct Answer

Correct Answer

[#199] Consider the following statements. Statement I: The absolute value of the difference between an unbiased estimate and the corresponding population parameter is called sampling error. Statement II: Multi-stage sampling is a restricted non-probability-based sampling technique.

Correct Answer

[#200] Which one is not the method of collecting primary data?

Correct Answer