Classical

Statistics and methodology - Statistics and Methodology Multiple Choice Questions

106:  

If the stock level ≤ then recorder level, then draw a purchase order of the quantity equal to the

A.

EOQ

B.

CPM

C.

PERT

D.

BEP

 
 

Option: A

Explanation :

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107:  

While correlation analysis tests the _______ with which two or more phenomena covary, regression analysis measures the nature and extent of this relation, this enabling as to make prediction

A.

Closeness

B.

Validity

C.

Realisation

D.

Separation

 
 

Option: A

Explanation :

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108:  

From a well shuffled pack of 52 cards a card is selected at random. Find the probability that it is a black coloured card

A.

1/2

B.

1/52

C.

1/3

D.

1/51

 
 

Option: A

Explanation :

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109:  

Which of the following point is/are correct about MIS?

A.

Provide that information which supports in achieving the MIS goals and objectives

B.

Budgeted profits of various products

C.

Transaction processing and data processing

D.

All of the above

 
 

Option: D

Explanation :

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110:  

The functional information is defined as a

A.

Set of information required by the functional head in conducting the administration and management of the function

B.

Document of system

C.

Set of information required for costing

D.

Document of audit

 
 

Option: A

Explanation :

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