πŸ“Š Business Statistics
Q. The rank correlation coefficient of a debating contest involving 10 participants was calculated as 0.6. However, it was later discovered that the difference in the ranks of some participants was read as 8 instead of 3. Find the correct correlation coefficient:
  • (A) 0.933
  • (B) 0.652
  • (C) 0.854
  • (D) 0.751
πŸ’¬ Discuss
βœ… Correct Answer: (A) 0.933
πŸ“Š Business Statistics
Q. In a bivariate distribution, Spearman’s Coefficient of Correlation is -0.25. If the sum of the squares of various ranks is 150, find out the number of pairs of items:
  • (A) 10
  • (B) 8
  • (C) 9
  • (D) 7
πŸ’¬ Discuss
βœ… Correct Answer: (C) 9
πŸ“Š Business Statistics
Q. In a bivariate sample, the sum of squares of differences between marks of observed values of two variables is 33 and the rank correlation between them is 0.8. Find the number of pairs of observations:
  • (A) 12
  • (B) 10
  • (C) 15
  • (D) 18
πŸ’¬ Discuss
βœ… Correct Answer: (B) 10
πŸ“Š Business Statistics
Q. If the sum of squares of the rank differences of 10 pairs of values is 30, find the correlation coefficient between them.
  • (A) 0.75
  • (B) 0.82
  • (C) 0.90
  • (D) 0.83
πŸ’¬ Discuss
βœ… Correct Answer: (B) 0.82
πŸ“Š Business Statistics
Q. The value of β2 can be:
  • (A) Less than 3
  • (B) Greater than 3
  • (C) Equal to 3
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of the above
πŸ“Š Business Statistics
Q. Bowley's coefficient of skewness lies between:
  • (A) 0 and 1
  • (B) 1 and +1
  • (C) -1 and 0
  • (D) -2 and +2
πŸ’¬ Discuss
βœ… Correct Answer: (B) 1 and +1
πŸ“Š Business Statistics
Q. The second and fourth moments about mean are 4 and 48 respectively, then the distribution is:
  • (A) Leptokurtic
  • (B) Platykurtic
  • (C) Mesokurtic or normal
  • (D) Positively skewed
πŸ’¬ Discuss
βœ… Correct Answer: (C) Mesokurtic or normal