EXAM 2025 QUESTIONS AND ANSWERS
If you count 1 to 100, how many 5s will you pass on the way? - ANS There are 20 numbers
that contain 5 in it
5, 15, 25, 35, 45, 50, 51 to 59, 65, 75, 85, 95
(55 contains 2 five's)
So the answer is 20 ...
Julie is a hair stylist. She makes $10.25 an hour, plus $6 extra for every haircut she performs.
This week she worked a total of 40 hours and performed 46 haircuts. How much money did she
make? - ANS $686.05 10.25 x 40 = 410.05 46 x 6 = 276
410.05
+276
=686.06
Business statistics is a scientific approach to decision-making in the face of risk and is used in
many disciplines, such as financial analysis, econometrics, auditing, production and operations,
and marketing research. The main objective of business statistics is to make inferences about
certain characteristics of a population based on information contained in a random sample
from the entire population.
Statistical forecasting concentrates on using the past to predict the future by identifying trends,
patterns and business drives within the data to develop a forecast. This forecast is referred to
as a statistical forecast because it uses mathematical formulas to identify the patterns and
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,trends while testing the results for mathematical reasonableness and confidence. Statistical
forecasting is used for forecasting sales and budget.
Question #1
Statistical forecasting deals with estimating the likelihood of an event - ANS The correct
answer is: True
How to solve this question?
The passage says that statistical forecasting concentrates on using the past to identify patterns
and trends. This information is used to predict the future, such as forecasting sales and budget.
Therefore, the answer is "True".
Business statistics is a scientific approach to decision-making in the face of risk and is used in
many disciplines, such as financial analysis, econometrics, auditing, production and operations,
and marketing research. The main objective of business statistics is to make inferences about
certain characteristics of a population based on information contained in a random sample
from the entire population.
Statistical forecasting concentrates on using the past to predict the future by identifying trends,
patterns and business drives within the data to develop a forecast. This forecast is referred to
as a statistical forecast because it uses mathematical formulas to identify the patterns and
trends while testing the results for mathematical reasonableness and confidence. Statistical
forecasting is used for forecasting sales and budget.
Question #2
Using statistics in decision-making eliminates business risks
Answer op - ANS The correct answer is: Can't say
How to solve this question?
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,The information given is that business statistics are used for decision-making in the face of risk.
There is no suggestion in the passage that such use eliminates business risks, and the answer
therefore is "Can't say".
Question #3
There is no kid that doesn't like chocolate.
What inference can be drawn from this sentence?
Answer options
A. Everyone who likes chocolate is a kid.
B. All kids like chocolate.
C. There are kids that don't like chocolate.
D. Only kids like chocolate. - ANS The correct answer is: All kids like chocolate.
How to solve this question?
A double negative (no kid + doesn't like) turns into a positive. A no statement turns into an all
statement. Kid => likes chocolate
Soy- and rice- based diets are very popular in Third World countries. The soy bean has a higher
phytate content than any other grain or legume that has been studied. Phytate is an organic
acid, present in the bran or hulls of all seeds, which blocks the uptake of essential minerals -
calcium, magnesium, iron and especially zinc - in the intestinal tract.
Soy beans seem to be highly resistant to many phytate-reducing techniques such as long, slow
cooking. Only a long period of fermentation will significantly reduce the phytate content of soy
beans. Thus, fermented products such as tempeh and miso provide nourishment that is easily
assimilated. When precipitated soy products are consumed with meat, the mineral-blocking
effects of the phytates are reduced.
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, Question #4
People in Third World countries have low levels of calcium, magnesium, iron and zinc
Answer options
True
False
Can't say - ANS The correct answer is: Can't say
How to solve this question?
Even though phytate blocks the uptake of these minerals, there is no evidence given that
people in third-world countries have low levels of these compounds. The passage says that soy-
and rice-based diets are very popular in these countries, but it does not go far enough to be
able to say definitively that persons are deficient in these essentials. Even if the statement is
true, it is not supported by the information in the passage, and the response is "Can't say".
Question #5
Three of the following are alike in some way: Finch, Crow, Ostrich, Robin.
Please select the one that is different.
Answer options
A. Finch
B. Crow
C. Ostrich
D. Robin - ANS The correct answer is: Ostrich
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