Tag: mathematical methods for economics

Questions Related to mathematical methods for economics

How many percentiles are there in a distribution

  1. 99

  2. 10

  3. 100

  4. 101


Correct Option: C

Under Free Trade regime there is ____________.

  1. increase in domestic prices

  2. fall in economic welfare

  3. equalization of factor prices

  4. loss of domestic industries


Correct Option: C

The age of son and father is in the ratio of 3:7, if the age of the father is 42, the age of the son will be___

  1. 21 years

  2. 24 years

  3. 18 years

  4. 20 years


Correct Option: C

If Median is 11, Mean is 10, what is Mode

  1. 13

  2. 12

  3. 11

  4. 10


Correct Option: A

The number of ways the letter SCHOLAR can be arranged so that LR never come together are .

  1. 5,040

  2. 3,600

  3. 4,404

  4. 3,910


Correct Option: B

The median value for the series $3,5,5,2,6,2,9,5,8,6$ is  

  1. 5.5

  2. 5

  3. 6.1

  4. 6.2


Correct Option: B

If the regression coefficient of $x$ on $y$ is $0.64$ and that of $y$ on $x$ is $1$. Find the value of correlation coefficient between $x$ and $y$. 

  1. -0.5

  2. 0.57

  3. 0.8

  4. none


Correct Option: C

 A speaks truth 6 out of 10 and B speaks truth 8 out of 10 times. What is the probability of both telling lie

  1. .44

  2. .55

  3. .48

  4. .08


Correct Option: D

A has three children in his family, the probability of all the children being a girl child is _____

  1. $\dfrac{1}{2}$

  2. $\dfrac{1}{3}$

  3. $\dfrac{1}{8}$

  4. $\dfrac{3}{8}$


Correct Option: C