BUSINESS STATISTICS MCQs
Multiple choice questions with answers for universities.
Confidence intervals and estimation
MCQ1: The range or set of values which have chances to contain value of population parameter
with particular confidence level is considered as
A. Secondary level estimate
B. Confidence interval estimates
C. Population level estimates
D. Sample level estimates
MCQ2: The upper and lower boundaries of interval of confidence are classified as
A. Error based limit
B. Marginal limit
C. Estimate limit
D. confidence limit
MCQ3: For a parameter whose value is unknown, the belief or claim for that parameter is
classified as
A. Parameter claim testing
B. Expected belief testing
C. Hypothesis testing
D. Primary limit testing
MCQ4: if the point estimate is 8 and the margin of error is 5 then the confidence interval is
A. 3 to 13
B. 4 to 14
C. 5 to 15
D. 6 to 16
MCQ5: The knowledge of possible errors, point estimate and the degree of confidence is
classified as
A. Interval estimate
B. Confidence interval
C. Hypothesis testing
D. Both a and b
MCQ6: The criteria of selecting the point estimator must include the information of
A. Consistency
Multiple choice questions with answers for universities.
Confidence intervals and estimation
MCQ1: The range or set of values which have chances to contain value of population parameter
with particular confidence level is considered as
A. Secondary level estimate
B. Confidence interval estimates
C. Population level estimates
D. Sample level estimates
MCQ2: The upper and lower boundaries of interval of confidence are classified as
A. Error based limit
B. Marginal limit
C. Estimate limit
D. confidence limit
MCQ3: For a parameter whose value is unknown, the belief or claim for that parameter is
classified as
A. Parameter claim testing
B. Expected belief testing
C. Hypothesis testing
D. Primary limit testing
MCQ4: if the point estimate is 8 and the margin of error is 5 then the confidence interval is
A. 3 to 13
B. 4 to 14
C. 5 to 15
D. 6 to 16
MCQ5: The knowledge of possible errors, point estimate and the degree of confidence is
classified as
A. Interval estimate
B. Confidence interval
C. Hypothesis testing
D. Both a and b
MCQ6: The criteria of selecting the point estimator must include the information of
A. Consistency
