Tuesday , October 20 2020

Business Statistics – Introduction – MCQs

Business Statistics is a great subject to measure the probability of outcomes. It is widely used in almost every type of Research around the world and that’s why it is called “Science of Decisions”.

You will find here MCQs with Answers related to Business Statistics for I.COM, BBA and MBA students. We will cover all aspects of Business Statistics to enhance your Skills and knowledge about Statistics.



Following Questions are related to Chapter No. 1: INTRODUCTION OF STATISTICS 

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  1. The word “Statistics” is believed to have been derived from the Latin word:

Statistik
(B) Status
(C) Statistique
(D) Statista

Correct!

Wrong!

2. Statistics is a word:
Latin
(B) Punjabi
(C) German
(D) Urdu

Correct!

Wrong!

3. Statistics means:
Aggregates of facts
(B) Computer science
(C) Research science
(D) Distribution of wealth

Correct!

Wrong!

4. Statistics laws are true on the:
Average
(B) Numerically
(C) Individually
(D) None of these

Correct!

Wrong!

5. Statistics is defined as the numerical data in:
Singular sense
Plural sense
Technical sense
None of these

Correct!

Wrong!

6. Statistics plays an important role in:
Mathematics
Computer
Accounting
Research

Correct!

Wrong!

7. The word statistics is now a days used in:
Two ways
Three ways
Four ways
Five ways

Correct!

Wrong!

8. Statistics does study:
Quantitative facts
Qualitative facts
Both (a) and (b)
None of these

Correct!

Wrong!

9. Statistics laws are true for:
Long Term
Short Term
Medium Term
None of these

Correct!

Wrong!

10. Science of systematic collection, presentation, analysis and interpretation of numerical data is called:
Commerce
Statistics
Economics
Mathematics

Correct!

Wrong!

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May be You are interest in:
  • Diagrammatic and Graphic Representation of Data
  • Measures of Location or Central Tendency
  • Index Numbers
  • Probability
If you have any query or suggestions, Please do not hesitate to use below COMMENT section.

2 comments

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