InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The median and SD of a distributed are 20 and 4 respectively. If each item is increased by 2, the new median and SD are1. 20, 42. 22, 63. 22, 4 4. None of these |
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Answer» Correct Answer - Option 3 : 22, 4 Explanation: The terms used in calculating standard deviation are deviations from the mean of the observations. Hence new median = 20 + 2 = 22 and SD = 4 |
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| 2. |
The two lines of regression are 8x - 10y = 66 and 40x - 18y = 214, and variance of x series is 9. What is the standard deviation of y series?1. 32. 43. 64. 8 |
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Answer» Correct Answer - Option 2 : 4 Concept: Coefficient of correlation = \(\rm r= \sqrt {b_{xy}\times b_{yx}}\) Where, byx and bxy are regression coefficients or the slopes of the equation y on x and x on y are denoted as byx and bxy Standard deviation = \(\rm \sqrt {Variance }\) \(\rm \frac{\sigma_y}{\sigma_x}=\frac{b_{yx}}{r}\), \(\rm \sigma_y\) and \(\rm \sigma_x\)are the standard deviation of y and x series respectively.
Calculation: Here, The two lines of regression are 8x - 10y = 66 and 40x - 18y = 214 ⇒ 10y = 8x - 66 ⇒ byx = 8/10 = 4/5 And, 40x - 18y = 214 ⇒ 40x =18y + 214 ⇒ bxy = 18/40 = 9/20 Now, Coefficient of correlation = \(\rm r= \sqrt {b_{xy}\times b_{yx}}\) = \(\pm\sqrt {\frac{4}{5}\times\frac{9}{20}}=\pm\sqrt {\frac{9}{25}}=\pm\frac 3 5\) bxy > 0 and byx > 0. So, r = 3/5 Here, variance of x series is 9 ⇒ Standard deviation of x series is \(\rm \sigma_x\)= √9 = 3 We know, \(\rm \frac{\sigma_y}{\sigma_x}=\frac{b_{yx}}{r}\) So, \(\rm {\sigma_y}=\frac{b_{yx}}{r}\times \sigma_x\) \(=\frac{\frac 4 5}{\frac 3 5}\times 3\) = 4 Hence, option (2) is correct. |
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| 3. |
In Mean deviation, deviations are measured from(a) Mean (b) Median (c) mode (d) All these |
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Answer» In Mean deviation, deviations are measured from Mean |
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| 4. |
What is the relation between mean, mode, median. |
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Answer» A distribution in which the values of mean, median and mode coincide (i.e. mean = median = mode) is known as a symmetrical distribution. Conversely, when values of mean, median and mode are not equal the distribution is known as asymmetrical or skewed distribution. In moderately skewed or asymmetrical distribution a very important relationship exists among these three measures of central tendency. In such distributions the distance between the mean and median is about one-third of the distance between the mean and mode, as will be clear from the diagrams 1 and 2. Karl Pearson expressed this relationship as: Mode = mean - 3 [mean - median] Mode = 3 median - 2 mean and Median = mode + 2/3 [mean - mode] |
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| 5. |
--- is defined as the reciprocal of the mean of the reciprocal of these value(a)H.M (b)G.M (c)A.M (d)S.D |
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Answer» H.M is defined as the reciprocal of the mean of the reciprocal of these values |
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| 6. |
Standard deviation of a series can have minimum value of -----(a) Zero (b) One (c) Two (d) Three |
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Answer» Standard deviation of a series can have minimum value of Zero |
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| 7. |
In ---- signs are ignored (a) S.D(b)Mean (c) Both (d) None |
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Answer» In S.D signs are ignored |
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| 8. |
Laspeyrs formula does not obey (a) Factor reversal test (b) Time reversal test (c) Both (d) None |
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Answer» Factor reversal test & Time reversal test (c)Both |
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| 9. |
Fishers ideal index formula satisfies ---- test (a) Factor reversal test (b)Time reversal test (c) Both (d) none |
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Answer» Factor reversal test & Time reversal test (c) Both |
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| 10. |
Fisher’s formula satisfies ---- test (a) Unit test (b) Time reversal Test (c) factor Reversal test (d) All |
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Answer» Fisher’s formula satisfies Unit test |
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| 11. |
laspeyer’s method and Paashe’s method do not satisfy (a) Unit test (b) Factor reversal test (c) Time reversal test (d) None |
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Answer» (d) None of these |
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| 12. |
Index numbers are expressed in (a) Average (b) Percentage (c) Both (d) None |
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Answer» Index numbers are expressed in Percentage |
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| 13. |
--- is not a factor responsible for seasonal variation(a) Climatic condition (b) social customs (c) Religious functions (d) Operation condition |
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Answer» Operation condition is not a factor responsible for seasonal variation |
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| 14. |
-- index number is called Ideal index number(a) Laspear’s (b) Paasche’s (c) Fishers (d) Kelley’s |
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Answer» Fishers index number is called Ideal index number. |
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| 15. |
The Time series analysis helps to (a) Understanding past behavior (b) Evaluating current program (c) Both (d) None |
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Answer» (c) Both (Understanding past behavior & Evaluating current program) |
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| 16. |
In Laspear’s Index number ---- year quantities are used (a) Base (b) Current (c) Average (d) None |
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Answer» In Laspear’s Index number Base year quantities are used |
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| 17. |
--- is considered to best average(a) arithmetic mean (b) Median (c)Mode (d)None |
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Answer» arithmetic mean is considered to best average |
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| 18. |
Range is an ---- measure (a) Absolute (b) Relative (c)Both (d) None |
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Answer» Range is an Absolute measure |
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| 19. |
Range =-----(a) H-L (b) L-H (c) Both (d) None |
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Answer» Range = H-L.. |
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| 20. |
In standard deviation, deviations are measured from (a) Mean (b) Median (c) mode (d) None |
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Answer» In standard deviation, deviations are measured from Mean |
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| 21. |
Squares of ---- is known as variance (a) S.D b) Q.D (c) M.D (d) Range |
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Answer» Squares of S.D is known as variance |
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| 22. |
Find range from the following values 23 32 85 32 42 10 20 18 28 (a) 70 (b) 75 (c) 85 (d)32 |
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Answer» 75 values 23 32 85 32 42 10 20 18 28 |
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| 23. |
---- is ill-defined (a) arithmetic mean (b) Median (c)Mode (d)None |
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Answer» (d)None of these |
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| 24. |
--- is used in quality control (a) Mean (b) Median (c) Range (d) Quartiles |
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Answer» Range is used in quality control |
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| 25. |
Mean deviation is based on all values , so it is more(a) valuable (b) Understandable (c) Representative (d) All these |
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Answer» Mean deviation is based on all values , so it is more valuable |
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| 26. |
--- is a set of values arranged in chronological order (a) Time series (b) Index number (c) Both (d) None |
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Answer» Time series is a set of values arranged in chronological order |
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| 27. |
--- is not a mathematical average (a)A.M (b)G.M (c)H.M (d)mode |
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Answer» mode is not a mathematical average |
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| 28. |
---- is not capable of algebraic treatment (a) arithmetic mean (b) Median (c)Both (d)None |
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Answer» Median is not capable of algebraic treatment |
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| 29. |
D is --- of more algebraic treatment [(a) Capable (b) Not capable (c) either capable or not (d) None |
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Answer» D is Capable of more algebraic treatment |
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| 30. |
Cyclic variation Occur at intervals of more than ---- year (a) 1 (b) 2 (c) 3 (d) 4 |
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Answer» Cyclic variation Occur at intervals of more than 1 year |
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| 31. |
---is a mathematical average (a) Arithmetic Mean (b) Geometric Mean (c) Both (d) None |
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Answer» Arithmetic Mean is a mathematical average |
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| 32. |
--- is the half distance between the third and first quartiles (a) Q.D (b) M.D (c) S.D (d) Variance |
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Answer» Q.D is the half distance between the third and first quartiles |
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| 33. |
Moments are used to find a measure of (a) Central tendency (b) Dispersion (c) Skewness (d) All these |
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Answer» (d) All of these |
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| 34. |
---- is capable of more algebraic treatment (a) arithmetic mean (b) Median (c)Both (d)None |
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Answer» arithmetic mean is capable of more algebraic treatment |
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| 35. |
Statistical methods are most dangerous tools in the hands of a) Expert (b) Inexpert (c)Business man (d)All of them |
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Answer» Statistical methods are most dangerous tools in the hands of Inexpert |
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| 36. |
The collected data from different sources which is not arranged or organized in any manner is called1. Array Data2. Raw data3. Normal Data4. Meta Data |
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Answer» Correct Answer - Option 2 : Raw data Data are information collected in a systematic manner with the aim of deriving certain related conclusion. Let us discuss the sources for collection of data.
Hence, we conclude that the above statement is about raw data. |
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| 37. |
The average of three numbers be 21. If two of the numbers are 4 and 12, what is the remaining number?1. 202. 303. 474. 52 |
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Answer» Correct Answer - Option 3 : 47 Concept: \(\rm Mean\ of\ 'n'\ observations=\dfrac{Sum\ of\ observations}{n}\).
Calculation: Let's say that the third number is x. So, Numbers are 4, 12 and x Here n = 3 As we know, \(\rm Mean\ of\ 'n'\ observations=\dfrac{Sum\ of\ observations}{n}\) ∴ \(\rm 21=\dfrac{4+12+\rm x}{3}\) ⇒ x + 16 = 63 ⇒ x = 47. |
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| 38. |
A distribution is skewed if Mean , Median , Mode are(a) Equal (b) Not equal (c) Symmetric (d) None |
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Answer» A distribution is skewed if Mean , Median , Mode are Not equal |
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| 39. |
--- is a measure of peakedness (a) Skewness (b) Kurtosis (c) Range (d) Variance |
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Answer» Kurtosis is a measure of peakedness |
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| 40. |
Simplest possible measure of dispersion is (a) Range (b) Q.D (c) M.D (d) Variance |
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Answer» Simplest possible measure of dispersion is Range |
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| 41. |
When the frequency curve is more peaken than normal curve it is called (a) Leptokurtic (b) Platy (c) Mesokurtic (d) None |
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Answer» When the frequency curve is more peaken than normal curve it is called Leptokurtic |
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| 42. |
Measures of dispersion are statistical devices to measure the ----- in a series(a) Variability (b) Convertibility (c) Flexibility (d) None |
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Answer» Measures of dispersion are statistical devices to measure the Variability in a series |
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| 43. |
--- are devices for measuring differences in the magnitude of a group of related variables(a) Index numbers (b) Time series (c) Standard deviation (d) Mean |
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Answer» Index numbers are devices for measuring differences in the magnitude of a group of related variables |
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| 44. |
The most commonly used relative measure of dispersion (a) Coefficient of variation (b) Q.D (c)S.D (d)None |
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Answer» (a) Coefficient of variation |
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| 45. |
The most important measure of dispersion(a) Range (b) Mean deviation (c) Standard deviation (d) Quartile deviation |
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Answer» The most important measure of dispersion is Standard deviation |
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| 46. |
The formula of Q.D (a) (Q3-Q1)/2 (b) (Q2-Q3)/2 (c) (Q2-Q1)/2 (d) none |
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Answer» The formula of Q.D is Q3-Q1/2 |
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| 47. |
--- is the difference between highest and lowest values in a series (a) Range (b) Mean (c) Dispersion (d) None |
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Answer» Range is the difference between highest and lowest values in a series |
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| 48. |
Measures of dispersion are called averages of ----- order (a) First (b) second (c) Third (d) None |
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Answer» Measures of dispersion are called averages of second order |
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| 49. |
Graphical method of measuring variability is first used by (a) Max O Lorenze (b) Carl Pearson (c) Spiegel (d) Fishers |
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Answer» (a) Max O Lorenze. |
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| 50. |
If the value of a series are equal , S.D is (a) Zero (b) One (c)Two (d)None |
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Answer» If the value of a series are equal , S.D is Zero |
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