Quantitative Techniques For Business Set 6
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This set of Quantitative Techniques for Business Multiple Choice Questions & Answers (MCQs) focuses on Quantitative Techniques For Business Set 6
Q1 | Mean Deviation (M.D) for normal distribution is equal to ......................
- 5/4 s.d.
- 3/2 s.d.
- 4/5 s
Q2 | In a ......................... distribution, quartiles are equi-distant from median.
- binomial
- poisson
- normal
- none of these
Q3 | A normal distribution requires two parameters, namely the mean and ..............
- median
- mode
- standard deviation±
- mean deviation
Q4 | A normal distribution is an approximation to ..............................
- binomial distribution
- poisson distribution
- poisson
- none of these
Q5 | Mean ± 2 S.D. covers .............. % area of normal curve.
- 68.27
- 95.45
- 95.54
- 98.73
Q6 | Theoretically, the range of normal curve is ................................................
- -1 to +1
- +1 to infinity
- –infinity to +infinity
- none of these
Q7 | Standard deviation of the sampling distribution is called ............................
- probable error
- standard error
- mean deviation
- coefficient of variation
Q8 | Index numbers are
- special type of average
- measure the economic changes
- to measure relative changes
- all of these
Q9 | The techniques which provide the decision maker a systematic and powerful means ofanalysis to explore policies for achieving predetermined goals are called.................
- Mathematical techniques
- Correlation technique
- Quantitative techniques
- . None of the above
Q10 | ............................. is the reverse process of differentiation
- Differential equation
- Integration
- Determinant
- None of these
Q11 | ...............................is an operation research technique which resembles a real lifesituation.
- Decision theory
- Simulation
- Game theory
- Queuing theory
Q12 | C.P.M. stands for..........................................................
- Critical Process Method
- Critical Performance Measurement
- Critical Path Method
- Critical Programme Method
Q13 | The word correlation usually implies.............................
- Cause and effect relationship
- Mutual interdependence
- Both
- None of the above
Q14 | Correlation analysis is a ............................analysis.
- Univariate analysis
- Bivariate analysis
- Multivariate analysis
- Both b and c
Q15 | When the values of two variables move in the same direction, correlation is said to be..........
- Positive
- Negative
- Linear
- Non-linear
Q16 | When the values of two variables move in the opposite direction, correlation is said to be........................
- Positive
- Negative
- Linear
- Non-linear
Q17 | A _________ is a decision support tool that uses a tree-like graph or model of decisionsand their possible consequences, including chance event outcomes, resource costs, and utility.
- Decision tree
- Graphs
- Trees
- Neural Networks
Q18 | What is Decision Tree?
- Flow-Chart
- Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
- Flow-Chart & Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
- None of the mentioned
Q19 | Choose from the following that are Decision Tree nodes?
- Decision Nodes
- End Nodes
- Chance Nodes
- All of the above
Q20 | Decision Nodes are represented by ------
- Disks
- Squares
- Circles
- Triangles
Q21 | Chance Nodes are represented by __________
- Disks
- Squares
- Circles
- Triangles
Q22 | Which of the following are the advantage/s of Decision Trees?
- Possible Scenarios can be added
- Use a white box model, If given result is provided by a model
- Worst, best and expected values can be determined for different scenarios
- All of the above
Q23 | ----- are the whose values are to be determined from the solution of the LPP
- Objective function
- Decision variables
- Constrains
- Opportunity cost
Q24 | ------------ specifies the objective or goal of solving the LPP
- Objective function
- Decision variables
- Constraints
- Opportunity cost
Q25 | Objective function is expressed in terms of the --------------
- Numbers
- Symbols
- Decision variables
- None of the above