Model Question Paper

Course Name: Quantitative Techniques for Management

Which of the following statements is correct?

 Resources have alternative uses

 All numbers are statistics
 Macroeconomics studies large aggregates
 Statistics studies only the aggregate of quantitative facts.

Which one of these methods is the most expensive way to collect data per respondent?

 Online
 Personal
 Postal
 Phone

When data originally collected in the process of investigation is known as what kind of data?

 Primary data
 Secondary data
 Foreign data
 Third data

With the help of ogive curves which central tendency can be identified?

 Mean
 Median
 Mode
 Geometric mean

Which of the following statement is not correct?

 The bars in a histogram touch each other

 The bar in a column chart touch each other
 There are bar diagrams which are known as broken bar diagrams
 Multiple bar diagrams also exist

Which diagram is suitable when : there are a large number of values in an individual
series, preference for portraying the data goes to

 Bar diagram
 Column chart
 Line chart
 Scatter diagram

In case of odd number of observations, Which of the following describes median?

 Average of two middle values

 Simply the middle value
  Weighted average of two middle values
 Any of two middle most values

Shirt size of most of the people in India is No.40. Which measure of central value does it
represent?

 Mean
 Second quartile
 Eighth decile
 Mode

What is the mean of the 3,4,5,6,7?

 3
 4
 5
 6

The upper and lower quartiles of a distribution are 78rs and 49rs respectively. What is the
quartile deviation and the coefficient of quartile deviation?

 14.5 , 22.8
 15.5 ,22.8
 14.5 , 25
 14.5 , 8.6

What is the range of the following sales data 10,12,14,16,18,20?

 10
 -10
 20
 100

Which dispersion is also called as semi Inter Quartile range?

 Range
 Quartile deviation
 Mean deviation
 Standard deviation

What is the conditional probability of event A given event B has occurred?

 P(B/A) = P(AUB)/P(A)
 P(A/B) = P(A∩B)/P(B)
 P(B/A) = P(A∩B)/P(A)
 P(B/A) = P(A∩B)/P(A)

If two events A and B are independent, then P(A ∩ B) is equal to which of the given options?

 Equals to P(A) + P(B)

 Equals to P(A) × P(B)
  Equals to P(A) × P(B/A)
 Equals to P(B) × P(A/B)

What is the probability of getting Even number, while throwing a die?

 3-6
 1
 1-7
 1-8

In which of the following situations, Binomial distribution is not applicable?

 Sex of a new born baby

 Result in an examination
 Rating of a new movie
 Result of a tennis match

In normal distribution mean= 22 , what is median?

 20
 21
 22
 23

In which distribution Mean and Median are same?

 Binomial distribution
 Poisson distribution
 Normal distribution
 Bernoulli distribution

If r = -0.6 and one of the regression coefficients is -0.4, what is the value of the other
regression coefficient?

 0.4
 -0.4
 -0.9
 0.9

What do you mean by r=-1

 Perfect positive
 Perfect negative
 Positive
 High negative

In simple regression equation, how many variables are involved?

 1
 2
 3
  4

What would be the value of b when regression equation of Y on X is: Y = 15+ 0.7X?

 0.7
 15
 1
 0

What would be the value of r when both the b's are equal to 0.4?

 0.4
 0.16
 -0.4
 -0.16

If r = 0.4 and one of the regression coefficients is 0.2, what is the value of the other
regression coefficient?

 0.2
 -0.2
 -0.8
 0.8

What can be said about the index numbers?

 It is an average
 It is a correlation
 It is variation
 It is average deviation

Which of the following is the use of index numbers?

 Forecasting
 Fixed prices
 Different prices
 Constant prices

Which method uses current year quantity weights?

 Laspeyres
 Paasche
 Fisher
 Kelly

What do you call an orderly set of data arranged in accordance with their time of
occurrence?

 Arithmetic series
 Time series
 Geometric series
  Harmonic series

What is the difference between the actual value of the time series and the forecasted value
called?

 Residual
 Sum of variation
 Sum of squares of residual
 Sum of means

What do you call the stage when the production of a thing is maximum?

 Recovery
 Recession
 Boom
 Depression