Business Statistics And Research Methods - Practice Test

[#336] The transformation of raw data into a form that will make them easy to understand and interpret, rearranging and manipulating data to generate information is called:

(A) Descriptive research

(B) Descriptive analysis

(C) Causal research

(D) Exploratory research

Correct Answer

(B) Descriptive analysis

[#337] The larger the standard error of estimate the . . . . . . . . happens to be the dispersion of given observations around the regression line.

(A) lower

(B) greater

(C) Both A and B

(D) None of the above

Correct Answer

(B) greater

[#338] If with a rise of 10% in prices the wages are increased by 20%, the real wage increase is by

(A) 10%

(B) more than 10%

(C) less than 10%

(D) 20%

Correct Answer

(C) less than 10%

[#339] To show the trend for a variable, which one of the presentation method is used?

(A) Histogram

(B) Frequency polygon

(C) Line graph

(D) Scatter graph

(E) Histogram

(F) Frequency polygon

(G) Line graph

(H) Scatter graph

Correct Answer

(C) Line graph
(G) Line graph

[#340] First two moments about the value 2 of a variable are 1 and 16. The variance will be:

(A) 13

(B) 15

(C) 16

(D) Difficult to tell

Correct Answer

(B) 15

Business Statistics And Research Methods - Study Mode

[#336] The transformation of raw data into a form that will make them easy to understand and interpret, rearranging and manipulating data to generate information is called:

Correct Answer

[#337] The larger the standard error of estimate the . . . . . . . . happens to be the dispersion of given observations around the regression line.

Correct Answer

[#338] If with a rise of 10% in prices the wages are increased by 20%, the real wage increase is by

Correct Answer

[#339] To show the trend for a variable, which one of the presentation method is used?

Correct Answer

[#340] First two moments about the value 2 of a variable are 1 and 16. The variance will be:

Correct Answer