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Statistics For Management Question Paper

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74 views

Statistics For Management Question Paper

Uploaded by

govindulasuman2484
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ROUSSEAU INSTITUTE OF MANAGEMENT STUDIES

INTERNALS STATISTICS FOR MANAGEMENT

STUDENT NAME
HALL TICKET

I. Multiple Choice Questions (10 x ½ = 5 Marks)

1. In statistics, what is the measure of central tendency that is affected by extreme values?
a. Mean
b. Median
c. Mode
d. Range

2. The standard deviation is a measure of:


a. Central tendency
b. Dispersion
c. Skewness
d. Kurtosis

3. The probability of an event happening is always between:


a. 0 and 1
b. 1 and 1
c. 1 and 2
d. 0 and 1

4. What is the purpose of correlation analysis in statistics?


a. To measure the strength of the relationship between two variables
b. To calculate the average of a set of values
c. To determine the mode of a distribution
d. To test hypotheses about population parameters
5. Which distribution is often used to model the number of successes in a fixed number of
independent Bernoulli trials?
a. Poisson distribution
b. Normal distribution
c. Exponential distribution
d. Binomial distribution

6. In hypothesis testing, what is the significance level commonly set at to assess statistical
significance?
a. 0.01
b. 0.05
c. 0.10
d. 0.50

7. The chisquare test is used to assess the independence between:


a. Two sample means
b. Two population variances
c. Two categorical variables
d. Two linear regression coefficients

8. What is the purpose of a confidence interval in statistics?


a. To determine the margin of error in a sample
b. To estimate the population parameter with a range of values
c. To test the null hypothesis
d. To calculate the standard error of the mean

9. The coefficient of determination (Rsquared) in regression analysis represents:


a. The strength of the relationship between the independent and dependent variables
b. The slope of the regression line
c. The average of the squared residuals
d. The correlation between two variables

10. Which statistical test is appropriate for comparing the means of more than two independent
groups?
a. Ttest
b. ANOVA
c. Chisquare test
d. Regression analysis

II. Fill in the Blanks (10 x ½ = 5 Marks)

1. ______________ is a measure of the spread of a set of values around the mean.

2. The ______________ of a probability distribution is the average value of the distribution.

3. The area under the normal distribution curve between the mean and a specific number of
standard deviations is given by the ______________.

4. The formula for calculating the ______________ of a set of values is the sum of the squared
differences between each value and the mean, divided by the number of values.

5. The ______________ rule provides a way to calculate the probability of the intersection of two or
more independent events.

6. The ______________ test is used to compare the means of two independent groups.

7. In regression analysis, the ______________ variable is the one being predicted or explained.

8. The ______________ distribution is often used to model the time until an event occurs.

9. The ______________ hypothesis represents the default assumption in hypothesis testing.

10. The ______________ is the range within which a population parameter is estimated to lie with a
certain level of confidence.

III. Short Answer Questions (5 x 1 = 5 Marks)

1. Explain the difference between descriptive and inferential statistics.


2. Define the term "pvalue" in the context of hypothesis testing.

3. What is the importance of the normal distribution in statistical analysis?

4. Briefly describe the purpose of regression analysis in business decisionmaking.

5. How does the sample size influence the precision of a confidence interval?

IV. Case Study (5 Marks)

Consider a scenario where a manufacturing company is implementing a new quality control process
to reduce defects in its products. Design a statistical analysis plan outlining the steps and statistical
methods you would use to assess the effectiveness of the new process.

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