Exam 8: Probability, Correlation, and Index Numbers in Statistics

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

In scatter diagram, if most of the points lie in the first and third quadrants, then coefficient of correlation is:

Free
(Multiple Choice)
4.8/5
(37)
Correct Answer:
Verified

B

We can measure the cause and effect relationship by the help of

Free
(Multiple Choice)
4.9/5
(29)
Correct Answer:
Verified

D

The total events to throw three dice simultaneously is

Free
(Multiple Choice)
4.9/5
(35)
Correct Answer:
Verified

D

If both variables are varying in the opposite direction, it is called:

(Multiple Choice)
4.8/5
(29)

Regression coefficient is independent of

(Multiple Choice)
4.9/5
(37)

The slope of regression line of Y on X is also called the

(Multiple Choice)
4.9/5
(35)

A dice is thrown. Find the probability of getting an even number?

(Multiple Choice)
4.9/5
(28)

A component of time series used for short term forecast is

(Multiple Choice)
4.8/5
(34)

In perfect positive correlation:

(Multiple Choice)
4.8/5
(40)

When the two regression lines are parallel to each other, then their slopes are

(Multiple Choice)
5.0/5
(32)

Correlation does not imply

(Multiple Choice)
4.7/5
(38)

If both the variables are varying in the same direction, the correlation is said to be

(Multiple Choice)
4.8/5
(41)

One card is drawn from a standard pack of 52. What is the probability that the card drawn is a king?

(Multiple Choice)
5.0/5
(41)

When two events cannot occur simultaneously in a single trial it is called

(Multiple Choice)
4.9/5
(32)

The total current year prices for the various commodities in question is divided by the total of base year prices and the quotient is multiplied under

(Multiple Choice)
4.7/5
(39)

Two events that cannot be happened simultaneously is known as:

(Multiple Choice)
4.8/5
(29)

Coefficient of correlation will be always

(Multiple Choice)
4.8/5
(35)

When the outcome of one event does not affect the outcome of the other it is said to be

(Multiple Choice)
4.9/5
(23)

If two events A and B are mutually exclusive the probability of the occurrence of either A or B is the sum individual probability of A and B. This theorem is called:

(Multiple Choice)
4.8/5
(31)
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)