Statistics in Business and Government Quiz
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Questions and Answers

Which factor makes direct personal investigation time-consuming?

  • Extensive data collection (correct)
  • Complex data analysis
  • Inadequate research design
  • Limited availability of resources

What is a drawback of the direct personal investigation method?

  • Lack of accuracy
  • Personal Bias (correct)
  • Limited sample size
  • High cost

What type of distribution can a frequency distribution be?

  • Continuous
  • Discrete (correct)
  • Exponential
  • Uniform

Why is personal bias a concern in direct personal investigation?

<p>It can lead to inaccurate conclusions (D)</p> Signup and view all the answers

Which characteristic of direct personal investigation makes it unsuitable for large-scale studies?

<p>Subjectivity (C)</p> Signup and view all the answers

What does the number 456500 represent in the provided text?

<p>Average price of the current year (C)</p> Signup and view all the answers

In the text, what does 'All of the above' refer to?

<p>Average price of the base year and current year (C)</p> Signup and view all the answers

Which information is NOT provided in the text?

<p>Average price of the base year (C)</p> Signup and view all the answers

What does the letter 'b' represent in the provided text?

<p>Average price of the current year (B)</p> Signup and view all the answers

Based on the text, what does '11' signify?

<p>'All of the above' minus 456500 (D)</p> Signup and view all the answers

Who primarily uses statistics?

<p>Businessman (A)</p> Signup and view all the answers

What does the index number in statistics represent?

<p>Price of current year (B)</p> Signup and view all the answers

Which group is least likely to make use of statistics?

<p>Artists and musicians (A)</p> Signup and view all the answers

In statistics, what does 'P1' typically refer to?

<p>Price of base year (C)</p> Signup and view all the answers

Why is it important to understand index numbers in statistical analysis?

<p>To interpret trends and changes in data over time (D)</p> Signup and view all the answers

How do changes in consumer income affect demand according to the given text?

<p>Consumer income has a direct impact on demand. (D)</p> Signup and view all the answers

Which of the following statements is correct based on the content provided?

<p>Consumer income plays a role in influencing demand. (B)</p> Signup and view all the answers

What is the relationship between consumer income and demand as per the information given?

<p>Consumer income fluctuations directly result in changes in demand. (B)</p> Signup and view all the answers

Why is it important to consider changes in consumer income in relation to demand?

<p>Understanding the relationship helps predict market trends accurately. (A)</p> Signup and view all the answers

Which of the following is true regarding the influence of consumer income on demand?

<p>Consumer income variations can lead to shifts in demand patterns. (C)</p> Signup and view all the answers

Which statement is correct based on the given information?

<p>Assertion (A) is false and Reason (R) is true (D)</p> Signup and view all the answers

What does it mean if Assertion (A) is true but Reason (R) is false?

<p>Assertion (A) contradicts Reason (R) (A)</p> Signup and view all the answers

If both Assertion (A) and Reason (R) are false, what can be inferred?

<p>The logical connection between A and R is not established (D)</p> Signup and view all the answers

What misconception might arise if both Assertion (A) and Reason (R) are true?

<p>Accepting both statements as true may lead to incorrect conclusions (C)</p> Signup and view all the answers

When Assertion (A) is true and Reason (R) is false, what might be a common misconception?

<p>If A is true, then R must also be true (D)</p> Signup and view all the answers

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