FC-502: Business Statistics

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................ is the average of squared deviations from mean.

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(a) Mean deviation

(b) Variance b
(c) Standard deviation
(d) Coefficient of variation

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The measures of dispersion can never be negative.

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True True
False

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Coefficient of correlation lies between:

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a) 0 and +1
b) 0 and –1
a) –1 and +1 c
b) – 3 and +3

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The +ve sign of correlation coefficient between X and Y indicates.............................

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a) X decreasing, Y decreasing a
b) X increasing, Y decreasing
c) Any of the above
d) There is no change in X and Y

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The standard deviation of the values 4, 8,12, 16 is.........
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(a) 0
(b) 4.472 b
(c) 4.236
(d) 2.236

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When the values of two variables move in the same direction, correlation is said to
be ............................
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a) Linear
b) Non-linear
c) Positive c
d) Negative

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The mean deviation is minimum when deviations are taken from:

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(a) Mean
(b) Mode
(c) Median c
(d) Zero

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The measure of dispersion which uses only two observations is called:

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(a) Range a
(b) Quartile deviation
(c) Mean deviation
(d) Standard deviation

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If the observations of a variable X are, 4, -20, -30, -44 and -36, then the value of the
range will be:
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(a) -48 a
(b) 40
(c) -40
(d) 48

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If change in one variable results a corresponding change in the other variable, then
the variables are.........................
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a. Correlated a
b. Not correlated
c. Any of the above
d. None of the above

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The property that both the regression coefficients and correlation coefficient have
same signs is called................................
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a. Fundamental property
b. Magnitude property
c. Signature property c
d. None of these

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The ratio of the standard deviation to the arithmetic mean expressed as a percentage
is called:
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(a) Coefficient of standard deviation

(b) Coefficient of skewness
(c) Coefficient of kurtosis
(d) Coefficient of variation d

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If there are many extreme scores on all examination, the dispersion is:
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(a) Large a
(b) Small
(c) Normal
(d) Symmetric

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Probable error is used to:
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a) Test the reliability of correlation coefficient a

b) Measure the error in correlation coefficient
c) Both a an b
d) None of these

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If r= +1, the correlation is said to be ...................

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a) High degree of +ve correlation

b) High degree of –ve correlation
c) Perfect +ve correlation c
d) Perfect –ve correlation

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Given below the four sets of observations. Which set has the maximum variation?
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(a) 46, 48, 50, 52, 54

(b) 30, 40, 50, 60, 70 Confused
(c) 42, 52, 62, 72, 82
(d) 48, 49, 50, 51, 52

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If the regression line is Y on X, then the variable Y is known as...............

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a) Independent variable
b) Explanatory variable
c) Dependent Variable c
d) Regressor

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The second moment about arithmetic mean is 4, the standard deviation will be:
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(a) 16
(b) 4
(c) 2 c
(d) 0

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For perfect correlation, the coefficient of correlation should be ............

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a. ± 1 a
b. + 1
c. – 1
d. 0

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Curvy linear correlation is also called..........................

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a) Non-curvy linear correlation

b) Non-linear correlation b
c) Zero correlation
d) None of these

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Correlation analysis between two sets of data only is called...................

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a) Partial correlation
b) Multiple correlation
c) Nonsense correlation
d) Simple correlation d