Classical

Statistics and methodology - Statistics and Methodology Questions Answer

61:  

Decision making using MIS is

A.

Sequential in nature

B.

Exceedingly complex due to risks and trade offs

C.

Influenced by personal values

D.

All of the above

 
 

Option: D

Explanation :


62:  

ERP Model is/are

A.

Production planning and control

B.

Planning and control

C.

Business forecasting

D.

All of the above

 
 

Option: A

Explanation :


63:  

Given

P(A) = m/(m + n)

This formula may be used in

A.

Hypothesis

B.

Regression analysis

C.

Probability theory

D.

Correlation analysis

 
 

Option: C

Explanation :


64:  

The _________ that one of the several mutually exclusive events X1, X2....Xn shall happen is the sum of the probabilities of the individual events.

A.

Correlation analysis

B.

Probability

C.

Regression analysis

D.

Error

 
 

Option: B

Explanation :


65:  

The options approved after the technical evaluation are tested on the

A.

Financial consideration

B.

Operational feasibility

C.

Technical evaluation

D.

Management process

 
 

Option: B

Explanation :




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