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Category: IC82 STATISTICS – 10

IC82 STATISTICS – 10

Que. 1 : Q1) Which is the most common measure of Central Tendency after the Mean is _________ and it is Central point of all the observations dividing the data into two equal halves, if the observations are arranged in ascending or descending order of the value of variables.

   1.  a) Mean

   2.  b) Median

   3.  c) Mode

   4.  d) None of these

Que. 2 : Q2) What is a planned process by which observations are made and/ or data is collected?

   1.  a) Outcome

   2.  b) Experiment

   3.  c) Sample space

   4.  d) None of these

Que. 3 : Q3) The important property of a Normal Curve is that it is not ‘skewed, but is perfectly symmetrical. and the shape of such a curve is like a bell and usually in statistical language, they are called as _____________.

   1.  a) Normal curve

   2.  b) Ball shaped Frequency Curves

   3.  c) Bell Shaped Frequency Curves

   4.  d) None of these

Que. 4 : Q4) A Marketing Organization wants to select a Dealer to sell the New Product of a Manufacturer. The approach of the Marketing Organization is to give preference to that Dealer who, in the existing business, keeps articles with very wide range of prices. The following three Dealers approached the Marketing Organization for getting Dealership of New Product. The following is the record Available: Dealer-A deals in Garments, with Range of products on the basis of Prices in Rupees 100/- to Rupees 1,500/-.Dealer-B deals in Presentable Articles, with Range of products on the basis of Prices in Rupees 150/- to Rupees 1,000/-.Dealer-C deals in General Stores, with Range of products on the basis of Prices in Rupees 5/- to Rupees 300/-. Who is the better choice?

   1.  a) Dealer A

   2.  b) Dealer B

   3.  c) Dealer C

   4.  d) None of these

Que. 5 : Q5) This process of combining two or more overlapping series of index numbers into one continuous series is called___________.

   1.  a) Sampling

   2.  b) Probability

   3.  c) Index number

   4.  d) Splicing