Business Statistics
Practice 2026-VERSION
WITH QUALITY
QUESTIONS AND
VERIFIED ANSWERS
100% CORRECT WITH
RATIONELS.
1. What is the primary purpose of
statistics in business?
A. Eliminate uncertainty
B. Support decision-making
,C. Replace management
D. Guarantee profits
Answer: B
Statistics helps managers make informed
decisions based on data, not eliminate
uncertainty completely.
2. Which of the following is a type of
descriptive statistics?
A. Hypothesis testing
B. Regression
C. Mean
D. Probability
Answer: C
Descriptive statistics summarize data;
, the mean is a measure of central
tendency.
3. What is the median of the dataset: 2,
4, 6, 8, 10?
A. 4
B. 5
C. 6
D. 8
Answer: C
The median is the middle value when
data is ordered.
4. Which measure is most affected by
extreme values?
Practice 2026-VERSION
WITH QUALITY
QUESTIONS AND
VERIFIED ANSWERS
100% CORRECT WITH
RATIONELS.
1. What is the primary purpose of
statistics in business?
A. Eliminate uncertainty
B. Support decision-making
,C. Replace management
D. Guarantee profits
Answer: B
Statistics helps managers make informed
decisions based on data, not eliminate
uncertainty completely.
2. Which of the following is a type of
descriptive statistics?
A. Hypothesis testing
B. Regression
C. Mean
D. Probability
Answer: C
Descriptive statistics summarize data;
, the mean is a measure of central
tendency.
3. What is the median of the dataset: 2,
4, 6, 8, 10?
A. 4
B. 5
C. 6
D. 8
Answer: C
The median is the middle value when
data is ordered.
4. Which measure is most affected by
extreme values?
