Q. In the regression equation Y = a+bX, the Y is called:
✅ Correct Answer: (A)
Independent variable
Business Statistics MCQs and Notes
Q. The coefficient of determination must be
✅ Correct Answer: (B)
between -1 and 0
Q. In the regression equation Y = 75.65 + 0.50X, the intercept is
✅ Correct Answer: (A)
75.65
Q. Index number calculated by Fisher's formula is ideal because it satisfy:
✅ Correct Answer: (A)
Circular test
Q. Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:
✅ Correct Answer: (D)
109
Q. A period for which index number is determined is called as ------
✅ Correct Answer: (A)
current period
Q. Index number is a special type of ----------
✅ Correct Answer: (A)
Average
Q. Index number for base year is always considered as------
✅ Correct Answer: (A)
100
Q. The trend line Y=a+bX obtained by the least Squares method is known as the line of
✅ Correct Answer: (A)
best fit
Q. If the growth rate is constant, the trend is –
✅ Correct Answer: (A)
linear