Business Analytics MCQs

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The daily closing values of the Dow Jones Industrial Average over a period of 30 days are best described as _____ data.






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A variable is classified as ordinal if:






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Gender and states of residence are examples of ____ data.






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How is the median defined if the number of observations is even?






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A histogram that is positively skewed is also called:






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What is the most common type of chart for showing the distribution of a numerical variable?






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As a measure of variability, what is defined as the maximum value minus the minimum value?






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The median can also be described as the:






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a value represents the 95th percentile, this means that:






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Some measures of variability include:






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We study relationships among numerical variables using:






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Correlation and covariance measure:






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The limitation of covariance as a descriptive measure of association is that it






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If the correlation of variables is close to 0, then we expect to see:






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Correlation is useful only for:






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The normal curve is also called a






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Which of the following are equal in a normal distribution:






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One characteristic of a bell-shaped curve is that it is:






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If man's height is normally distributed with a mean of 5 feet 10 inches, which value is least probable?






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If a distribution has a mean of 100 and a standard deviation of 10, what value would be +2 standard deviations from the mean?






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If a distribution has a mean of 60 and a standard deviation of 10, what value would be -1 standard deviations from the mean?






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If a distribution has a mean of 35 and a standard deviation of 5, what value would be +1.5 standard deviations from the mean?






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If a distribution has a mean of 35 and a standard deviation of 5, what value would be -2.5 standard deviations from the mean?






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The Dow Jones Industrial Average is found to be normally distributed with a mean of 18000 and a standard deviation of 200. The DJIA is currently tradi...






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What two scores would divide a normal distribution such that 68.26% of the general population falls within them if the mean is 100 and the standard de...






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If a normal distribution of scores has a mean of 100 and a standard deviation of 10, what percentage of scores would lie below 120?






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If a normal distribution of scores has a mean of 100 and a standard deviation of 10, what percentage of scores would lie below 70?






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An indication of no linear relationship between a dependent variable and an independent variable would be:






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n publishing the results of some research work, the following values of the R-squared were listed. Which one would appear to be incorrect?






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R2 tells us






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A weighted moving average having the early periods more heavily weighted






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Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15. Forecast sales for the next day using a ...






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Enrollment in a particular class for the last four semesters had been 120, 126, 110, and 135. The best forecast of enrollment next semester, based on ...






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An automobile rental company wants to predict the yearly maintenance expense (Y) for an automobile using the number of miles driven during the year ( ...






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Valentine's Day is the best day of the year for selling roses at River Road Florist. Dozens of roses sold on Valentine's Day over six years ...






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A numerical value used as a summary measure for a sample, such as sample mean, is known as a






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When the population size is larger than the sample size, then the sample statistic






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u is an example of a






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he mean of a sample is






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The sum of the percent frequencies for all classes will always equal






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Since the mode is the most frequently occurring data value, it






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The following data show the number of hours worked by 200 statistics students. Number of Hours Frequency 0 - 9 40 10 - 19 50 20 - 29 70 30 - 39 4...






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The following data show the number of hours worked by 200 statistics students. Number of Hours Frequency 0 - 9 40 10 - 19 50 20 - 29 70 30 - 39 4...






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The following data show the number of hours worked by 200 statistics students. Number of Hours Frequency 0 - 9 40 10 - 19 50 20 - 29 70 30 - 39 4...






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The difference between the largest and the smallest data values is the






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Which of the following is not a measure of central location?