Learning Business Statistics Multiple Choice Questions (MCQ) PDF Download

MCQ : In every phenomenon, the process of thought that focus on identifying, controlling and reduction of variations in data is classified as

1. parallel thinking
2. serial thinking
3. statistical thinking
4. managerial thinking

MCQ 1: The collection of all the elements such as group of variables for research is classified as

1. statistical process
2. marginal error
3. data
4. population

MCQ 2: The science and art which is used to present, analyze and interpret the collected observations is classified as

1. serial analysis
2. statistics
3. management
4. accounting

MCQ 3: The collection of observations for all the variables related to some research or findings is classified as

1. data
2. population
3. statistical process
4. mesokurtic

MCQ 4: For quality improvements, the philosophy which acts like a guide and provides solid foundation is classified as

1. management philosophy
2. statistical philosophy
3. serial philosophy
4. parallel philosophy