Business Statistics MCQs (Chapterwise Multiple Choice Questions)

Conclusions drawn from a multiple regression analysis depends on all the following factors EXCEPT:

Representative sample

Appropriate research design

Researcher's education

Size of the sample

Answer & Explanation

Correct Answer: Researcher's education

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One of the purposes of conducting business research is to make _____________ about future outcomes.

Predictions based on data

Educated guesses based on prior research

Premature conclusions

Inferences based on anecdotes

Answer & Explanation

Correct Answer: Predictions based on data

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What is a list of common elements that allows you to access your population?

A total sampling table

A sampling frame

A linear sampling table

A cross sampling frame

Answer & Explanation

Correct Answer: A sampling frame

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What are the main sources of stress during your workday? is an example of a(an) ______________ question.

Open-ended

Close-ended

Hypothesis

Leading

Answer & Explanation

Correct Answer: Open-ended

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_____ is the value of a variable that is estimated from a sample.

Sample statistic

Parameter statistic

Alternative statistic

Sample parameter

Answer & Explanation

Correct Answer: Sample statistic

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A ____________ variable can have values that are numbers on the real number line.

Qualitative

Quantitative

Random

Nominative

Answer & Explanation

Correct Answer: Quantitative

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One of the limitations of multiple regression is that it (is) ______________.

Easy to administer

Time-consuming

Requires a small sample

Contains a small error term

Answer & Explanation

Correct Answer: Requires a small sample

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Gaining information from government archives and data repositories is an example of ______________ data.

Primary

Tertiary

Survey

Secondary

Answer & Explanation

Correct Answer: Secondary

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________ probability represents the likelihood of a single event occurring by itself.

Classical

Simple

Empirical

Subjective

Answer & Explanation

Correct Answer: Simple

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Testing an entire population to determine its parameters is done rarely because it is _______.

Too costly and time consuming

Does not provide enough information

Less useful than sample parameters

Confusing for the researcher

Answer & Explanation

Correct Answer: Too costly and time consuming

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MCQ on Basic Business Statistics	MCQ on Basics of Statistics
General Business Statistics MCQs