2nd Year Business Statistics 2nd Quarter Book Paper

Q1. Multiple choice questions (Attempt all · 12 × 1 = 12)

1. The ratio obtained by dividing the price in a given year by the price in proceeding year are called:

   1. Volume relatives

   2. Price relatives

   3. Link relatives

   4. None

2. The empirical relationship between mean, median and mode is, made=:

   1. 3 mean - 2 median

   2. 2 mean - 3 median

   3. 3 median - 2 mean

   4. 2 median - 3 mean

3. Index numbers are basically classified into:

   1. 2 categories

   2. 3 categories

   3. 4 categories

   4. 5 categories

4. For an open and frequency distribution.It is not possible to calculate:

   1. Arithmetic mean

   2. Median

   3. Mode

   4. All of these

5. Index number for base year period is always:

   1. Mean

   2. Mode

   3. Unknown

   4. 100

6. Mode is not affected by:

   1. Smal values

   2. Large values

   3. Extreme values

   4. All values

7. If laspeyre's index = 116 and Passche's index = 110. Then Fisher's index is equal to:

   1. 110

   2. 116

   3. 113

   4. 112.96

8. If , which of the following is minimum:

   1. 

   2. 

   3. 

   4. 

9. If lespeyre price index number is 200, Passche's price index number is 200, then Fisher price index number is:

   1. 100

   2. 200

   3. 40000

   4. None of these

10. Middle most value of the m observations arranged in ascending or descending order of magnitude is called:

    1. Mode

    2. Mean

    3. Median

    4. Combine Mean

11. Price relatives are equal to:

    1. 

    2. 

    3. 

    4. 

12. The value which divides arranged data into two equal halves:

    1. Mean

    2. Median

    3. Mode

    4. Probability