Business Statistic Assignment -1

What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?


Select one:
a. 15

b. 9
c. 12
d. 6
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There are 40 employees above the age of 55 in my company among a total of 300. I meet one Mr. Das in the bus. The probability that he is
above 55 is 40/300. This is based on :

Select one:
a. A Priori Probability

b. Empirical Probability

c. None of these
d. Subjective Probability

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Geometric Mean of the Dataset 4,16,1 is:

Select one:
a. 7
b. 4

c. 5.2

d. 4.5
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Select one statement which matches with given situation. Suppose p = 0.3, if binomial expression appears as ((6!)/(3!X3!))((0.3)^3)((0.7)^3)
means that:

Select one:
a. Probability of getting exactly three successes in six trials.

b. Probability of getting three or more successes in seven trials.

c. Probability of getting exactly four successes in six trials.

d. Probability of getting four or more successes in seven trials.

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Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is expected value of sample
means?

Select one:
a. 60
b. 36
c. 12
d. 0.6
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What is the standard deviation of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 1.53
b. 1.73
c. 1.33
d. 6

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Mode is best applied on

Select one:
a. Continuous Data
b. None of these

c. Both of these
d. Categorical Data
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Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is standard deviation of
sample means?

Select one:
a. 2

b. 4

c. 6
d. 3

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My examination date will be in January but the date is as yet unknown. The probability of its falling in the 1st week of January is 7/31. This is
derived through the principles of :

Select one:
a. Subjective Probability
b. Empirical Probability
c. None of these

d. A Priori Probability
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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. The table is best converted to a

Select one:
a. Frequency distribution and Summary table

b. Contingency table

c. Summary table
d. Frequency distribution

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A Sample taken from a population

Select one:
a. Should comprise at least half of the population
b. At least one

c. Is dependent upon the population size

d. Can be any number

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Select a statement which is true for distribution of the sample mean follows normal distribution.

Select one:
a. Only if sample is selected from normal distribution

b. Distribution of sample mean remains the same as distribution of population of its origin.

c. Population distribution needs to be a continuous distribution

d. Irrespective of distribution of population of selected random sample.

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It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened ve days in February and is
expected to follow the same trend this month. What is the probability of it happening either tomorrow or the day after?

Select one:
a. 0.36
b. 0.33

c. 0.31

d. 0.4
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There is a data-set with the following elements. 16,15,4,17,11,43. Range of the set is:

Select one:
a. 43
b. 34
c. 39
d. 15

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Primary Data is preferred over Secondary Data because

Select one:
a. The client always prefers primary data
b. Primary Data is always collected by quali ed professionals
c. We cannot always trust secondary sources

d. It is less costly
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The variability of a data set is equal to:

Select one:
a. Sum of all the variables divided by 3

b. Zero

c. Square root of standard deviation

d. Square root of Variance

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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. What is the percentage chance that a person has invested in a risky option?

Select one:
a. 51
b. 31
c. 60
d. 64
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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is moderately
risky and D safe. What is the percentage of persons holding risky investments?

Select one:
a. 30

b. 50

c. 58
d. 60

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Which one of the following statements is not an assumption of the binomial distribution?

Select one:
a. Sampling is with replacement.
b. Trials are independent of each other.
c. Each trial results in one of two mutually exclusive outcomes.

d. The probability of success remains constant from trial to trial.

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The sales of my company grew by more than 15 % three times out of the eight preceding years.Each of those years the GDP grew by 7 % or
more . It grew by 7 % or more one more year but the sales grew less than 15 % that year.What is the probability of our sales growing by 15
% or more this year?

Select one:
a. 0.37
b. 0.34
c. 0.29


d. 0.41

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If n = 15 and p = .4, then the standard deviation of the binomial distribution is

Select one:
a. 9
b. 6

c. 1.897

d. 3.6
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The following are generally considered as indicators of the central tendency of a distribution

Select one:
a. Median and Mode

b. Mean,Median and Mode

c. Mean and Mode

d. Mean and Median

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If p = .1 and n = 5, then the corresponding binomial distribution is .

Select one:
a. bimodal
b. right skewed
c. symmetric

d. left skewed
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It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened ve days in February and is
expected to follow the same trend this month. What is the probability that this will happen tomorrow?

Select one:
a. 0.11

b. 0.22

c. 0.18
d. 0.25

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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. However, it is found later that 40 of Accounts in A are safe, 25 in B are safe and 0 of C are safe. Now the best
option is to tabulate them as :

Select one:
a. Summary table
b. Relative Frequency Distribution
c. Frequency distribution

d. Contingency Table
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What is probability, P(x £ 8), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(x £ 8) = 0.15
b. P(x £ 8) = 0.06
c. P(x £ 8) = 0.00
d. P(x £ 8) = 0.08

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To get precise result using central limit theorem, minimum sample size should be

Select one:
a. 100
b. 50

c. 20
d. 30
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What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(10 <=x <=12) = 0.33
b. P(10 <=x <=12) = 0.09
c. P(10 <=x <=12) = 0.15
d. P(10 <=x <=12) = 0.06

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I have no idea of the day of the week or the month today. The probability that it is January and a Tuesday is:

Select one:
a. 0.02
b. 0.3

c. 0.2
d. 0.08
Q.30 20 % of employees in a company are aged below 30, 30 % betweeen 30 and 40, 21 % between 40 and 50. The retirement age is
60.To determine percentage of population below the age of 60 but above 50, I construct a

Select one:
a. Frequency table

b. Relative Frequency Tanle

c. Percentage table
d. Contingency Table

Q.31 There are six sales personnel out of 40 who last year planned to take VRS and only 4 ultimately took. What is the probability of a
person taking retirement given that he has planned to?
Select one:

A. 0.7
B 0.67
C 0.56
D 0.65

Q32 A discrete variable that can often be used to describe the number of occurrences of an event over a speci ed interval of time or space is a
random variable.

A. none
B discrete
C binomial
D poisson
Q33 In a class, 40 students scored between 90 and 100, forty ve between 80 and 90 and sixteen between 70 and 80. The
mode of the distribution is approximately equal to:

A. 80
B 88
C 86
D 93

Q34 The binomial distribution is characterized by situations that are analogous to

A. counting defects of an item

B coin tossing
C drawing balls from an urn
D measuring the length of an item

Q35 The Census method can be characterised

A. Nonprobabilistic sampling
B None of these
C Probabilistic sampling
D Random sampling

Q36 A total of 50 ra e tickets are sold for a contest to win a car. If you purchase one ticket, what are your odds against winning?

A. 0.05
B 0.01
C 50 to1
D 49 to 1
Q.37 How does standard error of the mean changes with increase in sample size?

Select one:
a. standard error of the mean remains same with increase in
sample size
b. standard error of the mean decreases with increase in sample
size

c. standard error of the mean increases with increase in

sample size

d. standard error of the mean become equal to sample

mean

Q.38 Two characteristics, or assumptions, of the Poisson distribution are that

Select one:
a. the event occurring in one interval is dependent on the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.

b. the probability of success remains constant from trial to trial, and the random variable of interest is continuous
c. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.

d. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is discrete
Q.39 How does sampling distribution of mean changes with increase in sample size?

Select one:
a. Standard deviation of sampling distribution of mean increases with increase in
sample size.
b. Standard deviation of sampling distribution of mean decreases with increase in
sample size.
c. sampling distribution of mean becomes positively skewed with increase in sample
size.

d. sampling distribution of mean becomes negatively skewed with increase in sample size.

Q.40 Standard deviation sample statistics is known as;

Select one:

A. Standard normal distribution

B. Continuous probability distribution

C. Frequency distribution

D. Sampling distribution

Q.41 Standard deviation sample statistics is known as;

A. a. neither binomial nor poisson

B. Poisson

C. binomial

D. both binomail and poisson

Q.42 Suppose binomial distribution with n xed, if p > 0.5, then:

A. It provide symmetric binomial distribution.

B. The exponential distribution is a worst approximation.

C. It is a right skewed binomial distribution.

D. It is a left skewed binomial distribution.

Q.43 Samples are taken out of a population because

A. Analysing the entire population is cumbersome

B. All of these

C. The entire population may not be accessible

D. It is less costly

Q.44 The mode of data set is 3,5,1,1,5,3,2,1. the 75th percentile is equal to:

A. 3

B. 5

C. 3.5

D. 4

Q.45 There are ten students scoring 4 out of 5 in a class quiz, two scoring 3 and one scoring 0. The weighted mean in this case is:
closest to:

A. 3

B. 3.5

C. 4

D. 2.7
Q.46 In the observation method

A. An unstructured questionnaire is administered

B. An electronic device may be used

C. A structured questionnaire is administered

D. The administrator sits face-to-face with the interviewee