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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