Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

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

Time series is an important statistical technique because of :

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Time series analysis is a versatile tool that helps in understanding past trends, forecasting future values, comparing performance, and aiding in strategic planning.

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

Statistics is essential to psychologist s because

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Psychology deals with understanding human behavior and mental processes. Since people vary significantly in their characteristics, behaviors, and responses, statistical methods are essential for psychologists to quantify this variation, draw valid conclusions, and make generalizations. Option A is correct, though the grammar in option C is poor.

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

A procedure used to select a sample of n objects from a population in such a way that each member of the population is chosen strictly by chance, each member of the population is equality likely to be chosen, and every possible sample of a given size, n, has the same chance of selection is known as 

  1. Statistic thinking

  2. Inferential statistic

  3. Descriptive

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Multiple choice some mathematical tools used in economics step towards making a project basic statistics for economics economics

The definition of statistics explaining statistics to be the collection, presentation, analysis and interpretation of numerical data was given by?

  1. A.L.Bowley

  2. Lovin

  3. Hing

  4. Coxton and Cowdon
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The definition of statistics as the collection, presentation, analysis, and interpretation of numerical data is famously attributed to Croxton and Cowden.

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

Analysis of variance technique is normally used when ________. 
i. Number of samples are more than two
ii. All the samples follow Independent normal distribution with equal variance

  1. Only (i) is true

  2. Only (ii) is true

  3. Both (i) and (ii) are true

  4. Neither (i) nor (ii) is true
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

ANOVA is used to compare means across more than two groups (i) and assumes that the data are normally distributed with equal variances (ii).

Multiple choice economics mineral resources in rajasthan climate and season cycle climate, soil, natural vegetation and animals of rajasthan position of rajasthan in indian economy

Disadvantages of Diversification included _________________.

  1. Excenive ambition

  2. mismanaged diverfication

  3. Both are correct

  4. None of them is correct.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Disadvantage of diversification includes both mismanaged diversification or excesive ambition, thatleads to a  company over pending into too many new direction at the same time.