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Business Statistics Multiple Choice Questions and Answers (MCQs), Chapter 1: Confidence Intervals and Estimation MCQs, Chapter 2: Data Classification, Tabulation and Presentation MCQs, Chapter 3: Introduction to Probability MCQs, Chapter 4: Introduction to Statistics MCQs, Chapter 5: Measures of Central Tendency MCQs, Chapter 7: Probability Distributions MCQs, Chapter 9: Skewness, Kurtosis and Moments MCQs, MCQ 1: The range or set of values which have chances to contain value of population parameter with particular confidence level is considered as, MCQ 2: The upper and lower boundaries of interval of confidence are classified as, MCQ 3: For a parameter whose value is unknown, the belief or claim for that parameter is classified as, MCQ 4: If the standard deviation of population 1 is 3 with sample size is 8 and the population 2 standard deviation is 5 with sample size is 7 then the standard deviation of sampling distribution is, MCQ 5: Considering the sample statistic, if the mean of sampling distribution is equal to population mean then the sample statistic is classified as, MCQ 6: If the point estimate is 8 and the margin of error is 5 then the confidence interval is, MCQ 7: To develop interval estimate of any parameter of population, the value which is added or subtracted from the point estimate is classified as, MCQ 8: In confidence interval estimation, the confidence efficient is denoted by, MCQ 9: Considering the sample size, the sampling distribution standard error decreases when the, MCQ 10: The method in which the sample statistic is used to estimate the value of parameters of population is classified as, MCQ 11: In confidence interval estimation, the interval estimate is also classified as, MCQ 12: If the sample size is greater than or equal to 30 then the sample standard deviation can be approximated to population standard deviation for the, MCQ 13: The value of any sample statistic which is used to estimate the parameters of population is classified as, MCQ 14: The distance between the true value of population parameter and estimated value of population parameter is called, MCQ 15: The knowledge of possible errors, point estimate and the degree of confidence is classified as, MCQ 16: In confidence interval estimation, the formula of calculating confidence interval is, MCQ 17: The difference between value of parameter of population and value of unbiased estimator point is classified as, MCQ 18: If the critical value of normal standard variable is 0.95 and the standard error of specific statistic 3.5 then the margin of error is, MCQ 19: Considering the sample statistic, if the sample statistic mean is not equal to population parameter then sample statistic is considered as, MCQ 20: The criteria of selecting the point estimator must include the information of, MCQ 21: If the true value of population parameter is 10 and the estimated value of population parameter is 15 then the error of estimation is, MCQ 1: If the vertical lines are drawn at every point of straight line in frequency polygon then by this way the frequency polygon is transformed into, MCQ 2: The diagrams such as cubes and cylinders are classified as, MCQ 3: The discrete variables and continuous variables are two types of, MCQ 4: In stem and leaf display diagrams used in exploratory analysis, the stems are considered as, MCQ 5: The classification method in which the upper limit of interval is same as of lower limit class interval is called. 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