ABM A - Unit 1- Set 1 - Motivational Banker

1. The word 'Statistics' originated from:

Latin word "statisticum"

Italian word "statistia"

German word "statistik"

All of the above

Question 1 of 25

2. Who first used the term "Statistics" to refer to the subject-matter as a whole?

Professor Achenwell

Professor Smithson

Professor Statistik

Professor Matheson

Question 2 of 25

3. Which fields utilize statistics?

Only Economics and Medicine

Only Social Sciences and Business

All fields of human knowledge and skills

None of the above

Question 3 of 25

4. In a hospital, what type of data might need analysis?

Number of patients having different diseases

Marks obtained by students

Population demographics

Climate data

Question 4 of 25

5. What does statistics primarily deal with?

Qualitative data

Historical data

Quantitative or numerical data

Descriptive data

Question 5 of 25

6. What occurs in the first phase of statistical analysis of data?

Interpretation of data

Analysis of data

Collection of data

Classification and Tabulation of data

Question 6 of 25

7. What is done in the stage of "Classification and Tabulation of data"?

Drawing conclusions

Analyzing data using formulas

Representing raw data in tables

Collecting data from different sources

Question 7 of 25

8. Which phase involves using various formulas and methods for data examination?

Collection of data

Interpretation of data

Classification and Tabulation of data

Analysis of data

Question 8 of 25

9. What is the purpose of the final stage, "Interpretation of data"?

Collecting more data

Representing data in tables

Drawing relevant conclusions

Using formulas for analysis

Question 9 of 25

10. What does statistics primarily teach regarding data handling?

Interpretation of data

Collection of data

Representation of data

All of the above

Question 10 of 25

11. Which of the following fields benefits from the applications of statistics?

Sports and Weather forecast

Medical and Quality Testing

Government decisions and policies

All of the above

Question 11 of 25

12. Why is proper representation of data important in statistics?

To collect more data

To analyze data effectively

To interpret data correctly

All of the above

Question 12 of 25

13. In which areas are statistics particularly essential?

Social media analysis

Entertainment industry

Government decisions and policies

Fashion and beauty

Question 13 of 25

14. How does statistics aid decision-making in business?

By analyzing historical events

By predicting the effect of variables

By focusing solely on profits

By ignoring financial data

Question 14 of 25

15. Which statistical technique helps in predicting the impact of numerous variables?

Time series analysis

Regression analysis

Bayesian Decision Theory

Qualitative analysis

Question 15 of 25

16. What does Bayesian Decision Theory assist businessmen in doing?

Analyzing consumer satisfaction

Selecting optimal decisions

Assessing historical data

Focusing on sales data

Question 16 of 25

17. In economics, what aspect is analyzed using statistics?

Theoretical frameworks

Production techniques

Demand, cost, and price

Political influences

Question 17 of 25

18. How are consumer preferences assessed using statistics in economics?

By analyzing advertising strategies

By studying income and expenditure data

By focusing on market competition

By studying historical trends

Question 18 of 25

19. Which statistical methods are commonly used in weather forecasting?

Correlation analysis

Regression techniques

Time series analysis

All of the above

Question 19 of 25

20. How are statistical methods employed in the stock market?

Analyzing market competition

Forecasting stock prices

Assessing historical trends

Ignoring risk analysis

Question 20 of 25

21. What aspect of banking relies on statistical analysis?

Customer service

Setting interest rates

Credit policies

Marketing strategies

Question 21 of 25

22. In what way do players utilize statistics in sports?

To predict match outcomes

To analyze historical scores

To identify and rectify mistakes

To track the coach's decisions

Question 22 of 25

23. How does statistical analysis contribute to clinical research in the medical field?

By focusing on theoretical frameworks

By establishing optimal treatment combinations

By neglecting competing therapies

By analyzing historical data

Question 23 of 25

24. What role does statistics play in presenting information?

Simplifying complex data

Providing techniques for comparison

Presenting facts in definite form

Forecasting outcomes

Question 24 of 25

25. Which function of statistics involves simplification of complex data?

Studying relationships between variables

Formulating policies

Simplifying the data

Forecasting outcomes

Question 25 of 25

ABM A – Unit 1- Set 1

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