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Business Statistics Objectives Questiona

This document contains 30 multiple choice questions from a Business Statistics exam. The questions cover a range of statistical concepts including measures of central tendency (mean, median, mode), measures of dispersion (range, standard deviation), probability, sampling, distributions, and permutations. The full answers to each question are provided for reference after taking the exam.

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90 views8 pages

Business Statistics Objectives Questiona

This document contains 30 multiple choice questions from a Business Statistics exam. The questions cover a range of statistical concepts including measures of central tendency (mean, median, mode), measures of dispersion (range, standard deviation), probability, sampling, distributions, and permutations. The full answers to each question are provided for reference after taking the exam.

Uploaded by

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© © All Rights Reserved
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NIPEM PROFESSIONAL EDUCATION MANAGEMENT

SECOND SEMESTER EXAMINATION

COURSE: BUSINESS STATISTICS

COURSE CODE: BAM 222

LEVEL: 200 LEVEL

DURATION:

Q1:) STATISTICS CAN BE DEFINED AS A MANAGEMENT TOOL FOR MAKING

A:) DECISION

B:) PLANS

C:) CALCULATION

D:) PRESENTATION

ANSWER IS (A)

Q2:) ----------- ARE RAW FACTS OR UNPRESSED OF INTREREST ABOUT EACH INDIVIDUAL ELEMENT OF A
POPULATION OR SAMPLE

A:) VARIABLE

B:) DATA

C:) SAMPLE

D:) POPULATION

ANSWER IS (B)

USE THE WORK BELOW TO ANSWER QUESTION 3 AND 4

X 2 3 4 5

F 2 5 2 1

Q3:) FROM THE TABLE THE MEAN OF THE DISTRIBUTION IS

A:) 2.2

B:) 3.2

C:) 2.5
D:) 4.5

ANSWER IS (C)

Q4:) WHAT IS THE MEDIAN OF THE DISTRIBUTION

A:) 5

B:) 2

C:) 3

D:) 4

ANSWER IS (D)

Q5:) --------- DATA ARE DATA COLLECTED BY OR ON BEHALF OF THE PERSON OR PEOPLE WHO ARE
GOING TO MAKE USE OF THE DATA

A:) SECONDARY

B:) TERTARY

C:) PRIMARY

D:) SAMPLE

ANSWER IS (C)

Q6:) FIND THE MEAN OF THE FOLLOWING NUMBER

2, 3, 4, 2, 3, 2,4,8

A:) 5.3

B:) 3.5

C:) 1.5

D:) 4.2

ANSWER IS (B)

Q7:) ------- CHART ALLOWS VERTICAL BARS WITH EQUAL WIDTH TO REPRESENT THE VALUES OF A
VARIABLE IN SAME INTERVALS OF TIME
A:) SIMPLE BAR

B:) COMPONENT BAR

C:) MULTIPLE BAR

D:) HISTROGRAM BAR

ANSWER IS (A)

Q8:) BAR CHART ARE DIVIDED INTO

A:) 2

B:) 3

C:) 4

D:) 5

ANSWER IS (B)

Q9:) FIND THE HARMONIC MEAN FOR THE FOLLOWING DATA 2, 5, 3, 6, 7,

A:) 3.07

B:) 4.17

C:) 3.73

D:) 3.37

ANSWER IS (C)

Q10:) THE -------- IS THE VALUE OF THE DATA THAT OCCUPIED THE MIDDLE POPULATION WHEN THE
DATA RAE RANKED IN ORDER ACCORDING TO SIZE

A:) MEAN

B:) MODE

C:) MEDIAN

D:) DATA

ANSWER IS (C)

Q11:) WHAT IS THE GEOMETRIC MEAN OF 3, 5, 6, AND 7?


A:) 5.02

B:) 5.03

C:) 5.04

D:) 5.01

ANSWER IS (D)

Q12:) FIND THE MODE OF THE FOLLOWING DATA

1, 2, 1, 2, 2, 3, 4, 4, 3, 1, 4, 2, 3, 4

A:) 4 AND 2

B:) 2 AND 4

C:) 1 AND 3

D:) 3 AND 1

ANSWER IS (B)

Q13:) THE PROBABILITY OF AN IMPOSSIBEL WANT IS ---

A:) 3

B:) 2

C:) 1

D:) 0

ANSWER IS (D)

Q14:) -----IS DEFINED AS THE STUDY OF RANDOM WANTS

A:) DISTRIBUTION

B:) PROBABILITY

C:) VARIATION

D:) KURTOSHIP

ANSWER IS (B)

Q15:) GIVEN THE DATA 3, 4, 1, 2, 7, 12 FIND THE LOWER QUARTILE


A:) 2

B:) 4

C:) 1

D:) 3

ANSWER IS (A)

Q16:) USING THE ABOVE QUESTION THE UPPER QUARTILE IS

A:) 1

B:) 3

C:) 7

D:) 0

ANSWER IS (C)

Q17:) ---- CAN BE DEFINED AS AN ORDER ARRANGEMENT OF OBJECTS

A:) COMBINATION

B:) PROBABILITY

C:) SET THEORY

D:) PERMUTATION

ANSWER IS (D)

Q18:) THERE ARE 6 WAITERS IN A RESTAURANT STANDING IN A LINE AGAINST A WALL, WAITING FOR
GUESTS. HOW MANY STANDING ARRANGEMENT ARE POSSIBLE

A:) 330

B: 160

C:) 290

D:) 720

ANSWER IS (D)

Q19:) ONE OF THE FOLLOWING IS NOT AN EXAMPLE OF MEASURES OF DISPARSION


A: RANGE

B:) MEAN DEVIATION

C:) BINOMIAL DISTRIBUTION

D:) STANDARD DEVIATION

ANSWER IS (C)

Q20:) WHAT IS THE MEAN DEVIATION OF THE DATA 2, 3, 5, 6, 7?

A:) 4.6

B:) 8.4

C:) 1.68

D:) 2.34

ANSWER IS (C)

Q21:) CALCULATE THE MEAN DEVIATION OF 2, 3, 3, 5, 4, 3, 4, 3, 1, 2

A:) 0.8

B:) 3.0

C:)0. 75

D:) 1.25

ANSWER IS (A)

Q22:) THE SQUARE ROOT OF VARIANCE IS KNOWN AS

A:) STANDARD DEVIATION

B:) MEAN DEVIATION

C:) RANGE DEVIATION

D:) MODE DEVIATION

ANSWER IS (A)

Q23:) WHAT IS THE RANGE OF THE FOLLOWING 2, 3, 5, 6, 8, 9, 11, 22, 34

A:) 34
B:) 32

C:) 2

D:) 3

ANSWER IS (B)

Q24:) BINOMIAL DISTRIBUTION ID DERVIED FROM A PROCESS KNOWN AS A

A:) BOSTON TRIAL

B:) POISSON TRIAL

C:) BARNOULLI TRIAL

D:) NORMAL TRIAL

ANSWER IS (C)

Q25:) THERE ARE – MAIN TYPES OF SAMPLING

A:) FOUR

B:) THREE

C:) TWO

D:) ONE

ANSWER IS (C)

Q26:) THE INDUSTRIAL WAGES OF FIVE EMPLOYEES IN NIPEM APAPA STUDY CENTER ARE 3.75, 2.52,
3.96, 3.28, AND 9.20 RESPECTIVELY. THE MEDIAN HOURLY WAGE IS

A:) 2.52

B:) 3.28

C:) 3.75

D:) 3.96

ANSWER IS (C)

USING ASSUME MEAN METHOD COMPUTE THE FOLLOWING SCORES 16, 12, 11, 13, 15, 14
Q27:) WHAT IS THE ASSUME MEAN

A:) 11

B:) 12

C:) 13

D:) 14

ANSWER IS (C)

Q28:) THE DIFFERENCE BETWEEN THE HIGHEST AND THE LOWEST VALUES IN A DISTRIBUTION IS CALLED

A:) MEAN

B:) MEDIAN

C:) MODE

D:) RANGE

ANSWER IS (D)

Q29:) THE ---- IS A MEASURE THAT SHOWS THE MOST CENTRAL ITEM IN A SET OF DATA

A:) MEDIAN

B:) MODE

C:) FRQUENCY

D:) SCORES

ANSWER IS (A)

Q30:)------------- CAN BE DEFINED AS AN ORDERED ARRANGEMENT OF OBJECTS

A:) COMBINATION

B:) PROBABLITIY

C:) SET THEORY

D:) PARMUTATION

ANSWER IS (D)

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