Finance And Accounting

Question: Compute the Range for the given hourly wages (in $) of janitors: 8, 10,12, 14, 16, 18
A
$12

B
$10

C
$14

D
$6

Note: Not available
1. Report
Question: Once a sample is drawn from the population, how close the sample is to the larger population is to be determined. This is known as:
A
Sampling error

B
Variance error

C
Statistical error

Note: Not available
1. Report
Question: Statistics helps in making inferences and drawing conclusions. These conclusions in turn help in:
A
decision-making

B
hypothesis testing

C
data collection

D
decision-making and hypothesis testing

Note: Not available
1. Report
Question: In which chart is the data organized in a descending order and includes a trend line as well?
A
Pareto chart

B
Area chart

C
Side-by-side bar chart

D
Scatter plot

Note: Not available
1. Report
Question: ______takes into account the distance of every point in the scatter plot from the trend line.
A
Random error term

B
Slope

C
Intercept

D
Dependent variable

Note: Not available
1. Report
Question: The middle point of a data set arranged in an array from the smallest to the largest value is called:
A
mean

B
median

C
mode

Note: Not available
1. Report
Question: In which of the following fields is ANOVA used to make comparisons amongst groups?
A
In product research and development.

B
In education and training.

C
In human factor analysis.

D
All of these

Note: Not available
1. Report
Question: The reasons for choosing a sample out of a population are:
A
Cost limits

B
Time limits

C
Easy availability

D
High reliability

E
Easy availability and High reliability

F
Cost limits and Time limits

Note: Not available
1. Report
Question: The following are the steps in the process of Cluster sampling. Put them in the right order: 1)Randomly select the needed number of clusters for the sample. 2)Assign the population to different clusters. 3)Include all the population members of the selected cluster in the sample. Alternatively, select only a certain number of population members from each cluster (through simple or systematic random sampling) for the sample.
A
2,1,3

B
2,3,1

C
1,2,3

D
1,3,2

Note: Not available
1. Report
Question: The events that are not affected by other outcomes are called:
A
Probable events

B
Improbable events

C
Independent events

D
None of these

Note: Not available
1. Report

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Question: Compute the Range for the given hourly wages (in $) of janitors: 8, 10,12, 14, 16, 18

Question: Once a sample is drawn from the population, how close the sample is to the larger population is to be determined. This is known as:

Question: Statistics helps in making inferences and drawing conclusions. These conclusions in turn help in:

Question: In which chart is the data organized in a descending order and includes a trend line as well?

Question: ______takes into account the distance of every point in the scatter plot from the trend line.

Question: The middle point of a data set arranged in an array from the smallest to the largest value is called:

Question: In which of the following fields is ANOVA used to make comparisons amongst groups?

Question: The reasons for choosing a sample out of a population are:

Question: The events that are not affected by other outcomes are called: