BSA 114i Practice Exam Questions With
Correct Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant
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1. What does the term “data” refer to in business statistics?
A. Processed information
B. Raw facts and figures
C. Final reports
D. Decision outcomes
Answer: B
Rationale: Data refers to raw, unprocessed facts and figures that have
not yet been interpreted or analyzed.
2. Which of the following best describes “information”?
A. Unorganized numbers
B. Raw data
C. Processed and meaningful data
D. Random variables
Answer: C
Rationale: Information is data that has been processed and organized
to provide meaning and support decision-making.
,3. A population in statistics refers to:
A. A sample group
B. A subset of data
C. The entire set of items of interest
D. Random selection only
Answer: C
Rationale: A population includes all elements or individuals under
study in a statistical investigation.
4. A sample is best defined as:
A. Entire population
B. A portion of the population
C. Random guess
D. Data error
Answer: B
Rationale: A sample is a subset of the population selected for analysis
to make inferences about the whole group.
5. Which measure is used to describe central tendency?
A. Range
B. Mean
C. Variance
D. Standard deviation
,Answer: B
Rationale: The mean is a measure of central tendency that represents
the average value of a dataset.
6. The median is:
A. Most frequent value
B. Middle value in ordered data
C. Difference between max and min
D. Square root of variance
Answer: B
Rationale: The median is the middle value when data is arranged in
ascending or descending order.
7. The mode refers to:
A. Average value
B. Middle value
C. Most frequently occurring value
D. Difference of values
Answer: C
Rationale: The mode is the value that appears most frequently in a
dataset.
8. The range is calculated as:
, A. Mean × Median
B. Maximum − Minimum
C. Sum of values
D. Median − Mode
Answer: B
Rationale: The range measures dispersion by subtracting the smallest
value from the largest value.
9. Variance measures:
A. Central tendency
B. Data spread
C. Data frequency
D. Data type
Answer: B
Rationale: Variance indicates how far data values are spread out from
the mean.
10. Standard deviation is:
A. Square of variance
B. Square root of variance
C. Sum of deviations
D. Average deviation only
Answer: B
Correct Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant
Download Pdf
1. What does the term “data” refer to in business statistics?
A. Processed information
B. Raw facts and figures
C. Final reports
D. Decision outcomes
Answer: B
Rationale: Data refers to raw, unprocessed facts and figures that have
not yet been interpreted or analyzed.
2. Which of the following best describes “information”?
A. Unorganized numbers
B. Raw data
C. Processed and meaningful data
D. Random variables
Answer: C
Rationale: Information is data that has been processed and organized
to provide meaning and support decision-making.
,3. A population in statistics refers to:
A. A sample group
B. A subset of data
C. The entire set of items of interest
D. Random selection only
Answer: C
Rationale: A population includes all elements or individuals under
study in a statistical investigation.
4. A sample is best defined as:
A. Entire population
B. A portion of the population
C. Random guess
D. Data error
Answer: B
Rationale: A sample is a subset of the population selected for analysis
to make inferences about the whole group.
5. Which measure is used to describe central tendency?
A. Range
B. Mean
C. Variance
D. Standard deviation
,Answer: B
Rationale: The mean is a measure of central tendency that represents
the average value of a dataset.
6. The median is:
A. Most frequent value
B. Middle value in ordered data
C. Difference between max and min
D. Square root of variance
Answer: B
Rationale: The median is the middle value when data is arranged in
ascending or descending order.
7. The mode refers to:
A. Average value
B. Middle value
C. Most frequently occurring value
D. Difference of values
Answer: C
Rationale: The mode is the value that appears most frequently in a
dataset.
8. The range is calculated as:
, A. Mean × Median
B. Maximum − Minimum
C. Sum of values
D. Median − Mode
Answer: B
Rationale: The range measures dispersion by subtracting the smallest
value from the largest value.
9. Variance measures:
A. Central tendency
B. Data spread
C. Data frequency
D. Data type
Answer: B
Rationale: Variance indicates how far data values are spread out from
the mean.
10. Standard deviation is:
A. Square of variance
B. Square root of variance
C. Sum of deviations
D. Average deviation only
Answer: B
