Business Statistics_2

#1. The main role in development of statistical method is:

Economics

Scientist

Mathematics

Businessman

#2. What is the main purpose of statistics?

a) To store data

b) To manipulate facts

c) To collect, analyze, interpret, and present data

d) To create confusion

#3. Which of the following best defines statistics?

a) Study of population only

b) Study of past events

c) Science of counting and classifying

d) Science dealing with data collection, analysis, and interpretation

#4. Which of the following is not a function of statistics?

a) Data presentation

b) Predicting future trends

c) Establishing moral values

d) Simplifying complex data

#5. Which of these is not part of the scope of statistics?

a) Economics

b) Sociology

c) Medicine

d) Astrology

#6. Which of the following is a limitation of statistics?

a) Helps in comparison

b) Assists in policy formation

c) Can be misused

d) Gives accurate results always

#7. Statistics is a branch of:

a) Social Science

b) Natural Science

c) Mathematical Science

d) Both a and c

#8. The word 'Statistics' is derived from:

a) Latin

b) Greek

c) German

d) Italian

#9. Statistics cannot be used without:

a) Subjective opinions

b) Quantitative data

c) Qualitative statements

d) Belief system

#10. Which of the following best shows the importance of statistics?

a) Emotional analysis

b) Logical argument

c) Data-based decision making

d) Political debate

#11. One of the key limitations of statistics is that:

a) It can analyze only qualitative data

b) It is free from human bias

c) It depends on the quality of data

d) It always gives correct conclusions

#12. Which of the following is an essential feature of statistical data?

a) Vagueness

b) Accuracy not required

c) Comparability

d) All data must be subjective

#13. Which of the following statements is true about statistics?

a) It deals only with qualitative data

b) It eliminates bias entirely

c) It provides tools for data interpretation

d) It is not useful in scientific research

#14. Which of these sectors uses statistics heavily?

a) Banking

b) Agriculture

c) Government planning

d) All of the above

#15. Which of the following is not a type of statistical analysis?

a) Descriptive

b) Inferential

c) Conclusive

d) Predictive

#16. Which of these is a disadvantage of using statistics?

a) Based on logic

b) Can be misleading if data is incorrect

c) Enhances decision-making

d) Helps in forecasting

#17. The scope of statistics includes:

a) Data collection

b) Data classification

c) Data interpretation

d) All of the above

#18. Statistics can be applied in:

a) Business

b) Education

c) Psychology

d) All of the above

#19. Which of the following is an incorrect assumption in statistics?

a) Data is unbiased

b) All data are numerical

c) Results are always 100% accurate

d) Data represents a group

#20. In statistics, conclusions drawn depend upon:

a) Hearsay

b) Past experiences

c) Reliable data and analysis

d) Guesswork

Introduction to Statistics: Meaning, Scope, Importance and Limitation

Results

#1. The main role in development of statistical method is:

#2. What is the main purpose of statistics?

#3. Which of the following best defines statistics?

#4. Which of the following is not a function of statistics?

#5. Which of these is not part of the scope of statistics?

#6. Which of the following is a limitation of statistics?

#7. Statistics is a branch of:

#8. The word 'Statistics' is derived from:

#9. Statistics cannot be used without:

#10. Which of the following best shows the importance of statistics?

#11. One of the key limitations of statistics is that:

#12. Which of the following is an essential feature of statistical data?

#13. Which of the following statements is true about statistics?

#14. Which of these sectors uses statistics heavily?

#15. Which of the following is not a type of statistical analysis?

#16. Which of these is a disadvantage of using statistics?

#17. The scope of statistics includes:

#18. Statistics can be applied in:

#19. Which of the following is an incorrect assumption in statistics?

#20. In statistics, conclusions drawn depend upon: