Business Statistics and Data Processing - Business Statistics Objective Type Questions

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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
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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.
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

14:  

'Parameter' refer to the characteristics of the

A.	Population
B.	Sample
C.	Mean
D.	None of the above
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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: Updating your Comments.. Updating your Comments..

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