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Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Book Back Questions in Class 12 Business Maths Subject - Applied Statistics, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Business Maths and Statistics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Business Maths and Statistics Test

1.
The LCL for R chart is given by ________.
\({ D }_{ 2 }\bar { R } \)
\({ D }_{ 2 }\overset { = }{ R } \)
\({ D }_{ 3 }\overset { = }{ R } \)
\({ D }_{ 3 }\bar { R } \)
2.
The upper control limit for \(\overset {-}{X}\) chart is given by ________.
\(\bar { X } +{ A }_{ 2 }\bar { R } \)
\(\overset { = }{ X } +{ A }_{ 2 }R\)
\(\overset { = }{ X } +{ A }_{ 2 }\bar { R } \)
\(\overset { = }{ X } +{ A }_{ 2 }\overset { = }{ R } \)
3.
R is calculated using ________.
xmax - xmin
xmin - xmax
\(\overset{-}{x}\)max - \(\overset{-}{x}\)min
\(\overset{=}{x}\)max - \(\overset{=}{x}\)min
4.
\(\overset {-}{X}\) chart is a ________.
attribute control chart
variable control chart
neither Attribute nor variable control chart
both Attribute and variable control chart
5.
A typical control charts consists of ________.
CL, UCL
CL, LCL
CL, LCL, UCL
UCL, LCL
6.
The assignable causes can occur due to ________.
poor raw materials
unskilled labour
faulty machines
all of them
7.
Variations due to natural disorder is known as ________.
random cause
non-random cause
human cause
all of them
8.
How many causes of variation will affect the quality of a product?
4
3
2
1
9.
The quantities that can be numerically measured can be plotted on a ________.
p - chart
c – chart
x bar chart
np – chart
10.
While computing a weighted index, the current period quantities are used in the: ________.
Laspeyre’s method
Paasche’s method
Marshall Edgeworth method
Fisher’s ideal method
11.
Which of the following Index number satisfy the time reversal test?
Laspeyre’s Index number
Paasche’s Index number
Fisher Index number
All of them
12.
Consumer price index are obtained by: ________.
Paasche’s formula
Fisher’s ideal formula
Marshall Edgeworth formula
Family budget method formula
13.
Most commonly used index number is: ________.
Volume index number
Value index number
Price index number
Simple index number
14.
Laspeyre’s index = 110, Paasche’s index = 108, then Fisher’s Ideal index is equal to: ________.
110
108
100
109
15.
Cost of living at two different cities can be compared with the help of ________.
Consumer price index
Value index
Volume index
Un-weighted index
16.
Another name of consumer’s price index number is: ________.
Whole-sale price index number
Cost of living index
Sensitive
Composite
17.
The seasonal variation means the variations occurring with in ________.
A number of years
within a year
within a month
within a week
18.
The component of a time series attached to long term variation is trended as ________.
Cyclic variation
Secular variations
Irregular variation
Seasonal variations
19.
The value of ‘b’ in the trend line y = a + bx is ________.
Always positive
Always negative
Either positive or negative
Zero
20.
Least square method of fitting a trend is ________.
Most exact
Least exact
Full of subjectivity
Mathematically unsolved
21.
The additive model of the time series with the components T, S, C and I is ________.
y = T + S + C × I
y = T + S × C × I
y = T + S + C + I
y = T + S × C + I
22.
Factors responsible for seasonal variations are ________.
Weather
Festivals
Social customs
All the above
23.
The components of a time series which is attached to short term fluctuation is ________.
Secular trend
Seasonal variations
Cyclic variation
Irregular variation
24.
A time series consists of ________.
Five components
Four components
Three components
Two components
25.
1.
(d)
\({ D }_{ 3 }\bar { R } \)
2.
(c)
\(\overset { = }{ X } +{ A }_{ 2 }\bar { R } \)
3.
(a)
xmax - xmin
4.
(b)
variable control chart
5.
(c)
CL, LCL, UCL
6.
(d)
all of them
7.
(a)
random cause
8.
(c)
2
9.
(c)
x bar chart
10.
(b)
Paasche’s method
11.
(c)
Fisher Index number
12.
(d)
Family budget method formula
13.
(c)
Price index number
14.
(d)
109
15.
(a)
Consumer price index
16.
(b)
Cost of living index
17.
(b)
within a year
18.
(b)
Secular variations
19.
(c)
Either positive or negative
20.
(a)
Most exact
21.
(c)
y = T + S + C + I
22.
(d)
All the above
23.
(d)
Irregular variation
24.
(b)
Four components
25.
(d)
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Computer Applications

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Computer Applications

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Business Maths and Statistics

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