Quiz MB0040 Statistic for Management Final

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QUIZ - MB 0040 STATISTIC FOR MANAGEMENT Question: In industry Statistics is applied in the following areas Response:

Quality control Question: In which of the area Statistics is not applied Response: Booking a Railway ticket Question: Statistics are collected in a Response: Systematic manner Question: Statistics deals with Response: Aggregate of facts

Question: The study of movement of wholesale prices of a commodity Response: Requires Statistics

Question: Statistics can be applied in Response:

Quality control methods and planned recruitment Question: In modern days many organizations Response: Are rich on data and do not draw information from it Question: Statistics in singular noun is defined as Response:

The science of collection, presentation, analysis and interpretation of numerical data Question: Statistics is Response:

Affected by external forces and are expressed numerically Question: In industry Statistics is applied in the following areas

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Response:

Quality control Question: In which of the area Statistics is not applied Response: Booking a Railway ticket Question: Statistics are collected in a Response:

Systematic manner Question: Statistics deals with Response: Aggregate of facts

Question: The study of movement of wholesale prices of a commodity Response: Requires Statistics Question: A person is hired by a five star hotel to study the possibility of improving the returns through customer's satisfaction. The person appointed for this purpose collects data from the customers with respect to the quality of food and service, satisfaction and price aspects. i. The Hotel management collects data by Response:

Through agent Question: A person is hired by a five star hotel to study the possibility of improving the returns through customer's satisfaction. The person appointed for this purpose collects data from the customers with respect to the quality of food and service, satisfaction and price aspects. ii. Two of the information collected belong to intangible cadre. They are Response:

Quality of food and service Question: A person is hired by a five star hotel to study the possibility of improving the returns through customer's satisfaction. The person appointed for this purpose collects data from the customers with respect to the quality of food and service, satisfaction and price aspects. iii. The information will help the management Response:

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To reorganize and improve in all respects Question: A person is hired by a five star hotel to study the possibility of improving the returns through customer's satisfaction. The person appointed for this purpose collects data from the customers with respect to the quality of food and service, satisfaction and price aspects. iv. Service level can be improved by Response:

Giving proper training Question: A hospital wants to start some new department for treating patients. Since the cost will be high they decide to estimate the return. i. The most appropriate units of observation will be . Response: The return received by other hospitals having same department Question: A hospital wants to start some new department for treating patients. Since the cost will be high they decide to estimate the return. ii. The data is collected by Response: Secondary source Question: A hospital wants to start some new department for treating patients. Since the cost will be high they decide to estimate the return. iii. Unit of measurement will be Response: Percentage net return

Question: A hospital wants to start some new department for treating patients. Since the cost will be high they decide to estimate the return. iv. Another useful added information for the purpose of investigation is Response:

Percentage of patients wanting such new department Question: Suppose the State Government wishes to find the average yield of wheat per acre then i. As first step, it should get information on Response:

Total number of acre and yield available in the state

Question: Suppose the State Government wishes to find the average yield of wheat per acre then ii. The data for (i) can be obtained from Response:

Secondary source Question: Suppose the State Government wishes to find the average yield of wheat per acre then iii. The scope of the investigation is Response:

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Land used for wheat production Question: Suppose the State Government wishes to find the average yield of wheat per acre then iv. Data collected should be in terms of Response: Kg / acre Question: A properly planned investigations leads to Response:

Best results with minimum cost and time Question: Control methods are used to Response: Check accuracy, coverage, analysis and interpretation Question: The objectives of investigation could be Response: To obtain certain estimates or to establish a theory or to verify the existing relationship Question: The scope of investigation covers such as Response:

Area to be covered, time, and cost Question: Sequence of planning a survey is Response:

Defining the problem, specifying objectives, scope of investigation and organization Question: Control methods adopted in a survey at every stage is to check Response:

Accuracy, measurement analysis and interpretation Question: Statistical Survey is a scientific process of Response:

Collection and analysis of numerical data Question: The collected data should be first Response:

Edited Question: The relevance and accuracy of data depends upon care exercised during Response:

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Planning and execution Question: Classification Response: Reduces the bulk data Question: Classification done according to two variables is known as Response: Two-way classification Question: Classification follows Response:

c. Collection Question: Classification of employees according to skill, sex and education comes under Response: Manifold Question: Classification of workers according to education and skill is called Response:

Two-way Question: Data arranged logically according to size is known as Response: Statistical series Question: Data classified according to the time of occurrence is known as Response:

Chronological classification

Score of NA Question: Data that are immeasurable is classified under Response: Qualitative classification Feedback: Question: In classification each unit is allotted to Response: Two or more groups

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Question:

Response: b

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Question:

Response:

b Question:

Response:

200 Question: There are 200 employees in a firm. 81 of them are Male and the rest Female. 12 of them are Doctorates 53 of them are Graduates and the rest Post graduates. Education level of females are as follows: 8 doctorates 89 Post graduates and the rest graduates. Without tabulating can we quickly say that Response:

Difficult to say

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Question:

Response:

d Question:

Response: a

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Question: There are 200 employees in a firm. 81 of them are Male and the rest Female. 12 of them are Doctorates 53 of them are Graduates and the rest Post graduates. Education level of females are as follows: 8 doctorates 89 Post graduates and the rest graduates i. The above form of describing a situation is known as Response:

Text form Question: There are 200 employees in a firm. 81 of them are Male and the rest Female. 12 of them are Doctorates 53 of them are Graduates and the rest Post graduates. Education level of females are as follows: 8 doctorates 89 Post graduates and the rest graduates. Then Tabulation Response:

Make comparisons easier Question:

Response: a Question:

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Response:d

Question:

Response:

b

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Question:

Response: a Question: Classifications done on the basis of attributes blindness and region are known as Response:

Two-way qualitative and geographical classification Question: Raw data relating to weight and height of people of residential complex can be Response: Classified according to two different classes Question: Two functions of classification are Response:

Reduce bulk data and facilitate comparisons Question: Two requisites of good classification are Response:

Exhaustive and revealing Question: Classifications done on the basis of attributes blindness and region are known as Response:

Two-way qualitative and geographical classification Question: Raw data relating to weight and height of people of residential complex can be Response:

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Classified according to two different classes Question: Two functions of classification are Response:

Reduce bulk data and facilitate comparisons Question: Two requisites of good classification are Response:

Exhaustive and revealing Question: A good average must be Response: Based on all values and rigidly defined Question: Find the mean value for the grouped data C.I 10-20 20-30 30-40 40-50 50-60 60-70 Freq 15 10 8 12 16 9 Response:

35.44 Question: The mean of the following distribution is X 145 155 165 175 Freq 10 12 15 10 Response: 160.3 Question: The mean value of age for the data given by Age 10 15 20 25 30 No. of people 2 4 5 7 8 Response:

22.9 Question: A good measure of Average should be Response:

Based on all values Question: A.M is Response: More stable Question: If to every value of 10, 12, 15, 20, 25 we add 2 then average will Response: Increase by 2

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Question: It is not possible to calculate A.M. for distributions with Response:

Open-intervals Question: Measu