Classical

Business Statistics and Data Processing - Business Statistics Questions

16:  

Average inventory level is reduced by

A.

decreasing the vendor lead time

B.

increasing the usage rate

C.

decreasing the order quantity

D.

lowering the reorder point

 
 

Option: C

Explanation :


17:  

A popular technique for forecasting is

A.

correlation analysis

B.

regression analysis

C.

linear programming

D.

None of the above

 
 

Option: B

Explanation :


18:  
Assertion (A). The heading for columns and row are called caption and stub respectively.
Reason (R). Struge's Rule is used to decide the nature of manifold classification.
Which of the following is correct.
A.

Both (A) and (R) are false.

B.

Both (A) and (R) are true

C.

(A) is true and (R) is false.

D.

(A) is false and (R) is true.

 
 

Option: B

Explanation :


19:  
The mostly widely used method of measuring seasonal variations is
A.

Ratio-to-moving average method

B.

Ratio to trend method

C.

Line relative method

D.

None of the above

 
 

Option: A

Explanation :


20:  

Marketing research data is gathered by

A.

observation

B.

in-depth interviews

C.

controlled experiment

D.

All of the above

 
 

Option: D

Explanation :




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