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Business statistics practice test MCQ: range or set of values which have chances to contain value of population parameter with particular confidence level is considered as with options secondary interval estimation, confidence interval estimate, population interval estimate and sample interval estimate for online universities' examination to practice logic questions for free online competitions and examinations. Free study guide is for online learning introduction of estimation quiz questions with MCQs to practice test questions with answers for admission test preparation for admission in distance learning MBA.

MCQ: Range or set of values which have chances to contain value of population parameter with particular confidence level is considered as

1. secondary interval estimation
2. confidence interval estimate
3. population interval estimate
4. sample interval estimate

B

MCQ: Upper and lower boundaries of interval of confidence are classified as

1. error biased limits
2. marginal limits
3. estimate limits
4. confidence limits

D

MCQ: For a parameter whose value is unknown, belief or claim for that parameter is classified as

1. parameter claim testing
2. expected belief testing
3. hypothesis testing
4. primary limit testing

C

MCQ: To develop interval estimate of any parameter of population, value which is added or subtracted from point estimate is classified as

1. margin of efficiency
2. margin of consistency
3. margin of biasedness
4. margin of error

D

MCQ: Considering sample size, sampling distribution standard error decreases when the

1. size of sample increases
2. size of sample decreases
3. margin of error increases
4. margin of error decreases

A