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Business Statistics Quiz

Authored by Mai Trâm

English

University

Used 3+ times

Business Statistics Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following best describes the primary function of business statistics?

To increase profits directly

To provide subjective opinions for decision making

To collect, analyze, and interpret data for business decision-making

To replace managerial experience and intuition

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of descriptive statistics?

Using sample data to predict next quarter's sales

Conducting a hypothesis test on customer satisfaction

Calculating the average monthly revenue of a company

Estimating the population mean income based on a sample

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A retail store tracks the number of customers entering the store each day. What type of data is this?

Continuous

Discrete

Qualitative

Ordinal

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a qualitative data?

Temperature

Brand of smartphone

Number of employees

Monthly revenue

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these is a quantitative data?

Type of business

Customer feedback (good, average, bad)

Price of a product

Color of a logo

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of discrete data?

Height of employees in centimeters

Time spent on a website

Number of products sold

Temperature measured every hour

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Continuous data can take on which type of values?

Only whole numbers

Only positive numbers

Any value within a range, including decimals

Only values below 100

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