Quantitative Techniques For Business Set 6 MCQs

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