Business Statistics MCQS with Answer Set 1

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Business Statistics MCQS


Price relative is percentage ratio of current year price and:
None of these
Preceding year price
Base year quantity
Base year price

The number of values falling in a particular category is called
Limit
None of these
Tally
Frequency

The data obtained from college record is:
Raw
Primary
Secondary
Qualitative

Index number for base period is:
100
None of these
Always 100
Never 100

The most frequent value in the data is called:
Median
G.M
H.M
Mode

Statistics may be defined as the science of collection presentation analysis and interpretation of numerical data is given by
Secrist
Gottifrried Achenwall
Mair and boldwin
Croxton and cowdon

The most frequent value of the data is called
Mode
Average
Mean
Median

25th percentile is always equals to
Both a and b
1st quartile
Lower quartile
Upper quartile

For positively skewed distribution following relation hold
Mean = Median = Mode
Mean < Median < Mode
Mean > Median > Mode
Mean > Median < Mode

The changes in whole sale or retail price are studied in
Aggregate index numbers
Price index numbers
Chain index number
Volume index number

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