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Business Statistics Basics
The numerical or descriptive measure which is associated with variable to describe entire population of statistical phenomenon is classified as
mixer
sampler
parameter
process
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rikazzz
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Business Statistics Basics
All the individual elements of sample are considered as
experimental units
population units
statistical units
process units
Author:
rikazzz
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Business Statistics Basics
The analytical study of breakeven point and decisions related to investments in uncertain conditions is an example of
statistics in personnel management
statistics in finance
statistics in marketing
statistics in production
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rikazzz
Comment
Business Statistics Basics
Considering the sample statistic, if the sample statistic mean is not equal to population parameter then sample statistic is considered as
unbiased estimator
biased estimator
interval estimator
hypothesis estimator
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rikazzz
Comment
Business Statistics Basics
The reports published by International Labor Organization and International Monetary Fund are considered as
external primary data sources
internal primary data sources
external secondary data sources
internal secondary data sources
Author:
rikazzz
Comment
Business Statistics Basics
The knowledge of possible errors, point estimate and the degree of confidence is classified as
interval estimation
confidence interval
hypothesis testing
both a and b
Author:
rikazzz
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Business Statistics Basics
The technique used to analyze unemployment rate, inflation rate anticipation and capacity utilization to manufacture goods is classified as
data supplying technique
forecasting technique
data importing technique
data exporting technique
Author:
rikazzz
Comment
Business Statistics Basics
The method in which the sample statistic is used to estimate the value of parameters of population is classified as
estimation
valuation
probability calculation
limited theorem estimation
Author:
rikazzz
Comment
Business Statistics Basics
The data which is generated within the company such as routine business activities is classified as
external primary data sources
internal primary data sources
external secondary data sources
internal secondary data sources
Author:
rikazzz
Comment
Business Statistics Basics
The branch of statistics in which the data is collected according to ordinal scale or nominal scale is classified as
distribution statistics
sampling statistics
parametric statistics
non-parametric statistics
Author:
rikazzz
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