# Business Statistics and Data Processing - Business Statistics Objective Type Questions

11:

Standard error of Mean is computed by

 A. Sample/√(N-1) B. (SD of Sample)/√(Sample Use) C. N/√(σ-1) D. (N-1)/√σ Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
12:

Standard error of mean defined as,

 A. Standard deviation of the sampling distribution of mean B. Average of sampling distribution of mean C. Inter-Quartile range of sampling distribution of means. D. Correlation co-efficient between the sampling distribution of mean. Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:
13:
Probability of rejecting the null hypothesis when it is true is called
 A. Type-II error B. Type-I error C. Standard error D. None of these Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
14:

'Parameter' refer to the characteristics of the

 A. Population B. Sample C. Mean D. None of the above Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:
15:
Which of the following is not a restricted random sampling technique?
 A. Stratified sampling B. Simple random sampling C. Systemic sampling D. Multistage sampling Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:

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