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Exam (elaborations)

Strategic management MCQS

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MULTIPLE CHOICE QUESTIONS STATISTICS

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Here Are 50 Quizzes / Multiple-Choice Questions (Mcqs) Related To

STATISTICS

Along With Their Correct Answers


1. What is the primary goal of inferential statistics

a) Describe data

b) Summarize data

c) Make predictions about a population based on a sample

d) Display data visually

Correct Answer c



2. Which measure of central tendency is affected most by outliers

a) Mean

b) Median

c) Mode

d) Range

Correct Answer a



3. In a normal distribution, what percentage of data falls within one standard
deviation from the mean

a) 34.13%

b) 68.27%

, c) 95.45%

d) 99.73%

Correct Answer b



4. What does the p-value represent in hypothesis testing

a) The probability of a Type I error

b) The probability of a Type II error

c) The level of significance

d) The likelihood of obtaining the observed results under the null hypothesis

Correct Answer d



5. Which correlation coefficient indicates the strongest linear relationship
between variables

a) -0.20

b) 0.15

c) 0.80

d) -0.70

Correct Answer c



6. What is the formula for calculating the variance of a dataset

a) ∑(x - μ)^2 n

b) ∑x n

, c) ∑(x - μ) n

d) ∑x^2 n

Correct Answer a



7. A confidence interval of 95% corresponds to a z-score of approximately

a) 1.28

b) 1.64

c) 1.96

d) 2.33

Correct Answer c



8. Which probability distribution is used to model the number of successes in a
fixed number of trials

a) Normal distribution

b) Exponential distribution

c) Binomial distribution

d) Poisson distribution

Correct Answer c



9. In a boxplot, the whiskers represent data points that are

a) Within 1.5 times the interquartile range (IQR) from the median

b) Outside 1.5 times the IQR from the median

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