Quantitative Methods For Economic Analysis II Set 4

Bachelor of Arts in Economics (BA Economics),

Master of Arts in Economics (MA Economics)

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This set of Quantitative Methods for Economic Analysis 2 Multiple Choice Questions & Answers (MCQs) focuses on Quantitative Methods For Economic Analysis II Set 4

Q1 | For dealing with qualitative data, the best average is …………..
  • arithmetic mean
  • geometric mean
  • harmonic mean
  • median
Answer: median
Q2 | The sum of deviations taken from arithmetic Mean is
  • maximum
  • minimum
  • zero
  • one
Answer: zero
Q3 | The sum of squares of deviations from arithmetic mean is ………
  • maximum
  • minimum
  • zero
  • one
Answer: minimum
Q4 | The best measure of central tendency is …………….
  • arithmetic mean
  • geometric mean
  • median
  • harmonic mean
Answer: arithmetic mean
Q5 | The 75th percentile is
  • greater than d6
  • less than d6
  • equal to d6
  • equal to d6
Answer: greater than d6
Q6 | Average is a measure of ………….
  • central tendancy
  • dispersion
  • symmetry
  • concentration
Answer: central tendancy
Q7 | Histogram can be used to estimate……………
  • median
  • mode
  • mean
  • quartile
Answer: mode
Q8 | Deciles divide the data in to ……………….equal parts.
  • 100
  • 10
  • 2
  • 4
Answer: 10
Q9 | The positionl value which divide the data into 100 equal parts are
  • decile
  • percentile
  • quartiles
  • octiles
Answer: percentile
Q10 | Which of the following represents median ?
  • fiftieth percentile
  • first quartile
  • sixth decile
  • 20th percentile
Answer: fiftieth percentile
Q11 | When Mean = 20 Median = 30, Mode = ?
  • 40
  • 50
  • 60
  • 70
Answer: 50
Q12 | Harmonic Mean is the ………………of arithmetic Mean
  • reciprocal
  • substitute
  • both of these
  • none of these
Answer: reciprocal
Q13 | Square of standard deviation of a distribution is the
  • median
  • variance
  • mode
  • none of these
Answer: variance
Q14 | The best measure of dispersion is …………….
  • range
  • variance
  • quartile deviations
  • standard deviation
Answer: standard deviation
Q15 | The measure of dispersion based on all the observations of the series is …………….
  • range
  • quartile deviation
  • standard deviation
  • inter quartile range
Answer: standard deviation
Q16 | The Mean is 1000 and standard deviation is 50 then coefficient of variation is
  • 15
  • 5
  • 8
  • 10
Answer: 5
Q17 | Mean deviation is minimum when deviations are taken from
  • mean
  • median
  • mode
  • zero
Answer: median
Q18 | Meaures of dispersion which ignores the sign is……………
  • mean deviation
  • range
  • quartile deviation
  • standard deviation
Answer: mean deviation
Q19 | When 5 is added to all the values of a series then standard deviation
  • does not change
  • becomes 5 times
  • increased by 5
  • decreased by 5
Answer: does not change
Q20 | For the open-end class frequency distribution the appropriate measure of dispersionis………….
  • range
  • quartile deviation
  • mean deviation
  • standard deviation
Answer: quartile deviation
Q21 | For a symmetrical distribution the coefficient of skewness is
  • +1
  • -1
  • +3
  • -3
Answer: +3
Q22 | The relationship between x and y is y = 2x + 1. The correlation between x and y is:
  • 1
  • -1
  • 4
Answer: 1
Q23 | When there is perfect correlation, the value of the correlation coefficient is:
  • -1
  • +1
  • ±1
Answer: ±1
Q24 | When the correlation coefficient r = ±1, the two regression lines:
  • are perpendicular to each other
  • are parallel to each other
  • coincide
  • do not exist
Answer: coincide
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