Business Statistics MCQS with Answer Set 1

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Business Statistics MCQS


Paasche’s index is also called
Consumer price index
Simple index
Current year price
Cost of consumption

Which is the most useful Average in chain base method
Arithmetic Mean
Weighted Arithmetic Mean
Median
Geometric Mean

When data is
Chronological
Both a & c
Temporal
Geographical

A non-orderly arrangement of things is called
Combination
Permutation
Sample space
Collection

Index numbers are called the barometers of:
Statistics
Economics
Mathematics
None of them

Tha Latin word status or the Italian word statista both these words refers to
Statistics
Statista
Statistca
Political state

Any data which collected with specific purpose is sense of statistic
Both a and b
None of these
Singular
Plural

Classification is called Quantitative Classification if data is classified on the basis of
Time
Magnitude
Quality
Location

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

Graph of time series is known as:
Ogive
Historigram
Polygon
Histogram

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