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These are another set of MB0024 sample questions papers. However, we have already posted here in previous post a set of Type-A MB0024 questions. For the SMU MBA examination these are some selected questions.

1. In a singular sense the word statistic stands for

A) Aggregate of facts
B) A branch of science
C) Collection of data
D) All of these

2. The minimum value that Karl Pearson’s coefficient of correlation can take is

A) +1
B) 0
C) -1
D) None of these

3. Steady decrease in the death rate of population in India over a period of last 40 years is an example of which type of variation in time series data?

A) Seasonal
B) Trend
C) Irregular
D) Cyclical

4. Faulty machine set up is an example for which type of cause of variation in quality control?

A) Assignable cause
B) Chance cause
C) Both Assignable and Chance cause
D) None of these

5. Simple Random Sampling is an example for — sampling method.

A) Probability
B) Non-probability
C) Both probability and non-probability
D) None of these

6. Time series data is usually made up of how many components?

A) 1
B) 4
C) 3
D) 2

7. How many pars do Deciles divide the data?

A) 4
B) 2
C) 100
D) 10

8. Range in a measure of

A) Location
B) Variation
C) Kurtosis
D) Skewness

9. If the first and the third quartiles of the data set are given to be eq1ual to 25 and 40 respectively then quartile deviation is given by

A) 75
B) 37.5
C) 7.5
D) None of these

10. What is the lower limit of spearman’s coefficient of Rank correlation?

A) 0
B) 1
C) ½
D) -1

11. When the correlation coefficient value is +1 then we say that the two variables are

A) Negatively correlated
B) Perfectly negatively correlated
C) Perfectly positively correlated
D) Positively correlated

12. Which type of average is considered most appropriate for index Numbers?

A) Mean
B) Median
C) Mode
D) Geometric Mean

13. Which test is satisfied by Laspeyer’s index Number?

A) Time Reversal
B) Factor Reversal
C) Both Time and Factor Reversal
D) Neither Time nor Factor Reversal

14. What type of weights used by Marshall Edgeworth’s weighted aggregate price Indes Numbers?

A) Base year quantity
B) Current year quantity
C) Mean of Base and Current year quantity
D) None of these

15. If you want to give a most typical value of the data set then we have to consider

A) Mean
B) Median
C) Mode
D) Harmonic mean

16. Median is also known as

A) 2nd Quartile
B) 5th Decile
C) 50th Percentile
D) All the these

17. If the regression coefficient of the line of regression between two variables is positive then it indicates what type of relationship between two variables?

A) Negative
B) Positive
C) Perfect positive
D) None of these

18. If we add a constant value 5 to all the observations then the standard deviation of the data will be

A) Increased by 5
B) Decreased by 5
C) Increased by 0
D) Unaffected

19. Karl Pearson’s Coefficient of Correlation is independent of change of

A) Only origin
B) Only scale
C) Both Origin and scale
D) Neither origin nor scale

20. What percentage of values is greater than the first quartile?

A) 25%
B) 75%
C) 50%
D) 100%

21. Sudden increase in the oil prices due to war in the Gulf region can be attributed to which component of variation in a time series data?

A) Trend
B) Seasonal
C) Cyclical
D) Irregular

22. Moving average method of fitting trend in a time series removes the effect of

A) Long term movements
B) Short term movements
C) Cyclic variations
D) None of these

23. For a distribution which median more than mean the distribution is

A) Symmetrical
B) Negatively skewed
C) Positively skewed
D) None of these

24. Variance is can be computed by performing which operation on standard deviation?

A) Squaring
B) Taking square root
C) Dividing by 2
D) None of these

25. Paasche’s aggregate index number uses which type of weights

A) Base year quantities
B) Current year quantities
C) Base year price
D) Current year price

Below are some most probable questions of MB0024. These are type – A questions for the SMU examination. We already have published some questions of MB0022 also for the MBA education in previous posts.

1. According to AL Bowley statistics:

A) The science of counting
B) Science of estimates
C) Analysis and interpretation
D) Science of probability

2. Weight of an apple is

A) Qualitative
B) Quantitative
C) Both
D) Unimaginable

3. Number of children per family is

A) Continuous variable
B) Random variable
C) Discrete variable
D) None of the above

4. Whether tabulation is done first or classification?

A) Both simultaneously
B) Classification precedes tabulations
C) Classification follows tabulation
D) No criteria

5. For the mid values 4, 8, 12, 16, 20 the first class interval of the distribution is

A) 0-8
B) 1-7
C) 2-6
D) 3-5

6. Ogive curve can be drawn for

A) More than type distribution
B) Less than type distribution
C) Both A) and B)
D) None of the above

7. Mean is a measure of

A) Central value
B) Dispersion
C) Correlation
D) None of the above

8. If two observations are 10 and 0 then their geometric mean is

A) 10
B) 0
C) 5
D) 8

9. If two observations are 10 and -10 their Arithmetic mean is

A) 10
B) 0
C) 20
D) 10

10. Can a quartile, a deciles and a percentile be the median?

A) Only quartile but not decile and percentile
B) Quartile and decile but not percentile
C) Decile and percentile but not quartile
D) Quartile, decile and percentile all the three

11. The average which is least affected by the extreme values

A) Arithmetic mean
B) Harmonic mean
C) Geometric mean
D) Trimmed average

12. Algebraic sum of the deviations about the mean is

A) Minimum
B) One
C) Maximum
D) Zero

13. For comparison of two series the best measure of dispersion is

A) Range
B) Mean deviation
C) Quartile deviation
D) Standard deviation

14. Which measure of dispersion is the difference between the highest and the lowest values

A) Range
B) Mean deviation
C) Standard deviation
D) Variance

15. If a constant 15 is subtracted from each observation in the set the variance is

A) Reduced by 15
B) Reduced by 225
C) Unaltered
D) Increased by 225

16. If the minimum value is a set is 15 and its range is 55 then the maximum value of the set is

A) 40
B) 60
C) 80
D) 70

17. The value of correlation coefficient r is from

A) 0 to 1
B) -1 to 0
C) -1 to 1
D) -2 to 2

18. If two variables are perfectly positively correlated then, r=

A) -1
B) 1
C) 0
D) Between 0 and 1

19. If the variables vary in the opposite directions the correlation between them is

A) r=-1
B) r=1
C) r lies between 0 and 1
D) between -1 and 0

20. If all the points in a scatter diagram are on a line with positive slop then r is

A) -1
B) +1
C) A) and B)
D) A) or B)

21. If x and y are two variables there can be almost

A) One regression line
B) Two regression lines
C) Three regression lines
D) Any number of lines

22. If x and y are independent the value of the regression coefficient is equal to

A) 0
B) -1
C) 1
D) Any positive value

23. In time series growth of population is an example for

A) Cyclical variations
B) Seasonal variations
C) Secular trend
D) Irregular variations

24. Time series on agricultural productions is an example for

A) Secular trend
B) Seasonal variation
C) Cyclical variations
D) Random variations

25. Index numbers are known as

A) Economic barameters
B) Signs and guide posts
C) Both A) and B)
D) Neither A) nor B)

26. If the price index is 8 times that of base year, then the index is

A) 8
B) 800
C) 100
D) None of the above

27. Each commodity is given equal importance in the construction of index number

A) Yes
B) No
C) May be
D) None of them

28. Consumer price index number is constructed for

A) A well defined section of people
B) All people
C) Factory workers only
D) All the above

29. The most appropriate average for an index number is

A) Arithmetic mean
B) Geometric mean
C) Harmonic mean
D) Median

30. The geometric mean of laspeyres and Paasches price indices is known as

A) Kelly’s price index
B) Fishers index
C) Bowley price index
D) Walsh price index

31. Fishers index number does not satisfy

A) Time reversal test
B) Factor reversal test
C) Circular test
D) Unit test

32. In simple random sampling with replacement the same sampling unit may be included in the sample

A) Once only
B) More than once
C) Twice only
D) None of the above

33. A population consisting of all the items which are physically present is called

A) Infinite population
B) Real population
C) Hypothetical population
D) None of them

34. Selected units of a systematic sample are

A) Not representing the whole population
B) Easily locatable
C) Not easily locatable
D) All the above

35. P-chart is used to study

A) Variable characteristic
B) Attribute
C) Both the above
D) None of them