Business Statistics_1

#1. The specific statistical methods that can be used to summarize or to describe a collection of data is called:

Descriptive statistics

Inferential statistics

Analytical statistics

All of the above

#2. The need for inferential statistical methods derives from the need for _____________________

Population

Association

Sampling

Probability

#3. Who coined the term statistics?

Galton

Gottfried Achenwall

Bowley

Marshal

#4. Meaning of Statistics is taken:

Singular

Plural

Both

None of these

#5. "Statistics is the science of counting" Whose statement is this?

Yule & Kendall

Boddington

Bowley

Secrist

#6. "Statistics is the science of estimates and probabilities." whose statement is this:

Bowley

Webster

Boddington

Seligman

#7. What is statistics in the context of business?

The science of collecting, analyzing, and interpreting data for business decisions

A method of calculating profits

A tool for marketing strategies

A technique for managing human resources

#8. Which of the following best describes the role of statistics in business?

It helps in making informed decisions based on data analysis

It ensures that all business decisions are error-free

It eliminates the need for qualitative analysis

It is only used for financial reporting

#9. In business statistics, what is the purpose of data collection?

To gather information that can be used to make informed decisions

To create a database of clients

To generate revenue

To satisfy legal requirements

#10. Which of the following is a primary use of statistics in business?

Developing new products

Forecasting future sales and trends

Managing employee performance

Designing office layouts

#11. Business statistics is primarily concerned with:

Financial accounting

Production processes

Data collection, analysis, and interpretation for decision making

Customer service management

#12. What is the primary goal of statistics?

To describe data

To manipulate data

To ignore data

To store data

#13. Which of the following best defines statistics?

The study of random phenomena

The collection, analysis, and interpretation of data

The manipulation of numbers

The recording of data only

#14. Which of the following is a key component of statistics?

Data collection

Data visualization

Data analysis

All of the above

#15. In Italian language statistics means:

Status

Statistique

Statista

Statistik

#16. In latin language statistics means:

Status

Statista

Statistik

Statistique

#17. Statistics in German language is called:

Status

Statista

Statistik

Statistique

#18. Statistics in term of nature is:

A Science

An Art

Both Art and Science

Neither Art nor Science

#19. Which of the following is not the part of classification of statistics from the practical usage point of view.

Analytical Statistics

Descriptive Statistics

Inferential Statistics

Applied Statistics

#20. Statistics study:

Individual Unit

Aggregate

Both

None of these

#21. The word 'Statistics' relates with:

Data

Statistical method

Both Data and Statistical methods

#22. The presentation of data does not include:

Diagram

Statistical table

Editing of data

Graphs

#23. The term statistics was first used in

1741

1751

1749

1759

#24. The best definition of statistics is given by Horace Secrist

In Singular sense

In Plural sense

In Singular and Plural sense

None of these

#25. "Statistics may rightly be called the science of averages" This definition is given by:

Boddington

Bowley

Selligman

Marshal

Results

#1. The specific statistical methods that can be used to summarize or to describe a collection of data is called:

#2. The need for inferential statistical methods derives from the need for _____________________

#3. Who coined the term statistics?

#4. Meaning of Statistics is taken:

#5. "Statistics is the science of counting" Whose statement is this?

#6. "Statistics is the science of estimates and probabilities." whose statement is this:

#7. What is statistics in the context of business?

#8. Which of the following best describes the role of statistics in business?

#9. In business statistics, what is the purpose of data collection?

#10. Which of the following is a primary use of statistics in business?

#11. Business statistics is primarily concerned with:

#12. What is the primary goal of statistics?

#13. Which of the following best defines statistics?

#14. Which of the following is a key component of statistics?

#15. In Italian language statistics means:

#16. In latin language statistics means:

#17. Statistics in German language is called:

#18. Statistics in term of nature is:

#19. Which of the following is not the part of classification of statistics from the practical usage point of view.

#20. Statistics study:

#21. The word 'Statistics' relates with:

#22. The presentation of data does not include:

#23. The term statistics was first used in

#24. The best definition of statistics is given by Horace Secrist

#25. "Statistics may rightly be called the science of averages" This definition is given by: