Tag: some mathematical tools used in economics

Questions Related to some mathematical tools used in economics

Time series is an important statistical technique which is widely used by __________.

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. business executives

  2. financial analysts

  3. economists

  4. all of above

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Correct Option: D

Time series is an important statistical technique which is widely used by _________.

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. Scientists

  2. Sociologists

  3. Research workers

  4. All of above

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Correct Option: D

The distribution.
Values (less than)               20  25   30   35  40  45  50
Frequency is of the type     5   12    15   20  15   10   5 

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. exclusive class type

  2. discrete type

  3. inclusive class type

  4. none of them

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Correct Option: A

The Multiplicative Model of a time series is expressed is :

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. $Y _{t} = T _{t} \times C _{t} \times S _{t} \times R$

  2. $Y _{t} = T _{t} - C _{t} - S _{t} - R _{t}$

  3. $Y _{t} = T _{t} + C _{t} + S _{t} + R _{t}$

  4. $Y _{t} = T _{t}\cap C _{t}\cup S _{t} \cup R _{t}$

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Correct Option: A

Paasche was _________.

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. an English mathematician

  2. a French economist

  3. a German statistician

  4. none of the above

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Correct Option: C

Time series is an important statistical technique because of :

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. It helps to understand the past behaviour of data and enables the users to forecast the future behaviour

  2. It enables the users to compare the actual performance with the expected performance and analyze the different causes of variation

  3. It is helpful is planning the future operations

  4. All of above

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Correct Option: D

Statistics is essential to psychologist s because

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. People differ a lot and in many respects.

  2. It is compulsory

  3. People's experience are much the

  4. By using statistic psychologist can calm to be the cleverest researchers

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Correct Option: A

Where conclusion are taken out on the basis of estimates regarding the population. It is___________type of statistics.

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. Inductive statistics

  2. Descriptive statistics

  3. Applied statistics

  4. None of the above

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Correct Option: D

A specific characteristic of a sample is known as 

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. Sample

  2. Parameter

  3. Statistic

  4. Information.

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Correct Option: C

A specific characteristic of a population is known as a __________.

some mathematical tools used in economics step towards making a project basic statistics for economics economics

  1. Sample

  2. Parameter

  3. Statistic

  4. Descriptive statistic

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Correct Option: B