BSA 119 – BUSINESS STATISTICS
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1. What is statistics primarily concerned with?
A. Collecting only financial data
B. Organizing and interpreting data
C. Eliminating all uncertainty in data
D. Creating business policies
Answer: B
Rationale: Statistics is the science of collecting, organizing, analyzing,
and interpreting data to support decision-making.
2. Which of the following is a descriptive statistic?
A. Hypothesis testing
B. Regression analysis
C. Mean
D. Confidence interval
Answer: C
,Rationale: The mean summarizes data in a simple numerical form,
making it a descriptive statistic.
3. A population refers to:
A. A subset of data
B. A sample group
C. Entire group of interest
D. Random selection only
Answer: C
Rationale: A population includes all individuals or items of interest in a
statistical study.
4. A sample is best defined as:
A. Entire dataset
B. A portion of the population
C. A statistical test
D. A graph of data
Answer: B
Rationale: A sample is a subset of the population used for analysis.
5. Which scale of measurement has a true zero point?
A. Nominal
B. Ordinal
,C. Interval
D. Ratio
Answer: D
Rationale: The ratio scale has a meaningful zero, allowing
comparisons of absolute magnitude.
6. The median is best described as:
A. Most frequent value
B. Middle value in ordered data
C. Average of all values
D. Difference between max and min
Answer: B
Rationale: The median is the central value when data is arranged in
order.
7. The mode of a dataset is:
A. Mean value
B. Least value
C. Most frequent value
D. Middle value
Answer: C
Rationale: The mode represents the value that appears most
frequently in a dataset.
, 8. A bar chart is mainly used for:
A. Continuous data
B. Comparing categories
C. Forecasting trends
D. Measuring dispersion
Answer: B
Rationale: Bar charts compare different categories using rectangular
bars.
9. Which measure is most affected by extreme values?
A. Median
B. Mode
C. Mean
D. Range
Answer: C
Rationale: The mean is sensitive to outliers because it uses all data
values.
10. Variance measures:
A. Central tendency
B. Data spread
C. Data frequency
D. Data position
Answer: B
PRACTICE EXAM Questions With Correct
Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant
Download Pdf
1. What is statistics primarily concerned with?
A. Collecting only financial data
B. Organizing and interpreting data
C. Eliminating all uncertainty in data
D. Creating business policies
Answer: B
Rationale: Statistics is the science of collecting, organizing, analyzing,
and interpreting data to support decision-making.
2. Which of the following is a descriptive statistic?
A. Hypothesis testing
B. Regression analysis
C. Mean
D. Confidence interval
Answer: C
,Rationale: The mean summarizes data in a simple numerical form,
making it a descriptive statistic.
3. A population refers to:
A. A subset of data
B. A sample group
C. Entire group of interest
D. Random selection only
Answer: C
Rationale: A population includes all individuals or items of interest in a
statistical study.
4. A sample is best defined as:
A. Entire dataset
B. A portion of the population
C. A statistical test
D. A graph of data
Answer: B
Rationale: A sample is a subset of the population used for analysis.
5. Which scale of measurement has a true zero point?
A. Nominal
B. Ordinal
,C. Interval
D. Ratio
Answer: D
Rationale: The ratio scale has a meaningful zero, allowing
comparisons of absolute magnitude.
6. The median is best described as:
A. Most frequent value
B. Middle value in ordered data
C. Average of all values
D. Difference between max and min
Answer: B
Rationale: The median is the central value when data is arranged in
order.
7. The mode of a dataset is:
A. Mean value
B. Least value
C. Most frequent value
D. Middle value
Answer: C
Rationale: The mode represents the value that appears most
frequently in a dataset.
, 8. A bar chart is mainly used for:
A. Continuous data
B. Comparing categories
C. Forecasting trends
D. Measuring dispersion
Answer: B
Rationale: Bar charts compare different categories using rectangular
bars.
9. Which measure is most affected by extreme values?
A. Median
B. Mode
C. Mean
D. Range
Answer: C
Rationale: The mean is sensitive to outliers because it uses all data
values.
10. Variance measures:
A. Central tendency
B. Data spread
C. Data frequency
D. Data position
Answer: B
