Tag: economics

Questions Related to economics

Paasche was _________.

  1. an English mathematician

  2. a French economist

  3. a German statistician

  4. none of the above


Correct Option: C

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


Correct Option: D

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


Correct Option: A

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

  1. Inductive statistics

  2. Descriptive statistics

  3. Applied statistics

  4. None of the above


Correct Option: D

A specific characteristic of a sample is known as 

  1. Sample

  2. Parameter

  3. Statistic

  4. Information.


Correct Option: C

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

  1. Sample

  2. Parameter

  3. Statistic

  4. Descriptive statistic


Correct Option: B

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


Correct Option: D

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


Correct Option: D

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


Correct Option: C

Disadvantages of Diversification included _________________.

  1. Excenive ambition

  2. mismanaged diverfication

  3. Both are correct

  4. None of them is correct.


Correct Option: A
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.