Commerce & Management•Updated for 2026 Competitive Exams
Business Statistics MCQS with Answers
Practice top multiple choice questions (MCQs), topic summary, and verified answers for Business Statistics MCQS with Answers. Essential for Central & State competitive examinations. Solve these high-frequency practice questions with step-by-step solutions to evaluate your preparation level.
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Practice Questions & Explanations (15 Questions)
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Q1UGC NET / CommerceMedium
Which of the following is a measure of central tendency?
Q2UGC NET / CommerceMedium
The middle value of an ordered dataset is called the:
Q3UGC NET / CommerceMedium
Which measure is most affected by extreme values (outliers)?
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Q4UGC NET / CommerceMedium
The value that occurs most frequently in a dataset is the:
Q5UGC NET / CommerceMedium
Standard deviation is the square root of:
Q6UGC NET / CommerceMedium
In a perfectly normal distribution, the Mean, Median, and Mode are:
Q7UGC NET / CommerceMedium
The probability of an event happening must be between:
Q8UGC NET / CommerceMedium
Which of the following represents the spread of the middle 50% of the data?
Q9UGC NET / CommerceMedium
A correlation coefficient (r) of -0.9 indicates:
Q10UGC NET / CommerceMedium
If two events cannot occur at the same time, they are said to be:
Q11UGC NET / CommerceMedium
Type I error in hypothesis testing occurs when we:
Q12UGC NET / CommerceMedium
A sample is defined as:
Q13UGC NET / CommerceMedium
Which statistical distribution is bell-shaped and symmetrical?
Q14UGC NET / CommerceMedium
In regression analysis, the variable we are trying to predict is called the:
Q15UGC NET / CommerceMedium
Which index number is used to measure changes in the price level of consumer goods?
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