SIKKIM MANIPAL UNIVERSITY - DDE

Bachelor of Business Administration BBA Semester I

BBA104 QUANTITATIVE TECHNIQUES IN BUSINESS 2 Credits
(Book ID 1500)
Model Question Paper - Keys
Duration: 1 hour Total marks: 70
________________________________________________________________________

Part A: One Mark Questions (1-20) 1Mark x 20 = 20 Marks

1. Statistics are collected in a _______________________
a) Random Manner
b) Whims and Fancies
c) Systematic Manner
d) Haphazard Manner

2. In which of the area Statistics is not applied

a) To construct Cost of living index
b) Fixation of wages
c) Insurance premiums
d) Booking a Railway ticket

3. Statistics are .
a) Numbers
b) Some text
c) Qualitative measures
d) Quantitative measures

4. Data which are collected by the researcher himself for the purpose of a specific study
are called________________________
a) Primary Data
b) Secondary Data
c) Qualitative Data
d) Quantitative Data
5. Geographical classification means classification according to:
a) Gender
b) Location/Regions
c) Population
d) Time

6. A_______________________ is a line chart of frequency distribution in which either

the values of discrete variables or the mid-points of class intervals are plotted against
the frequencies and these plotted points are joined together by straight lines.
a) Ogive Curve
b) Frequency polygon
c) Histogram
d) Bar Chart

7. The sum of the deviations from the mean will always equal to __________
a) One
b) Maximum
c) Zero
d) Minimum

8. Measure of Central tendency which is equal to the nth root of the product of
observations is:
a) Arithematic Mean
b) Harmonic Mean
c) Median
d) Geometric Mean

9. The relationship between Mean, Median and Mode is:

a) Mode = 3(Median) 2(Mean)
b) Mode = 4(Median) 2(Mean)
c) Mode = 6(Median) 4(Mean)
d) Mode = Median Mean
10. Measure of dispersion which is affected most by extreme observations and
only two extreme values are taken into consideration is:
a) Mean Deviation
b) Range
c) Standard Deviation
d) Quartile Deviation

11. If there is no relationship at all between two variables for example, between prices
of petrol and the radioactive elements, then its value will be:
a) Positive
b) Negative
c) Zero
d) Infinity

12. The correlation coefficient is ___________of the units of measurement.

a) Independent
b) Dependent
c) Related
d) Unrelated

13. The value of correlation coefficient ranges from:

a) -1 and +1
b) 0 and 1
c) -2 and +2
d) -1 and 0

14. An arrangement of statistical data in accordance with the time of occurrence or in

chronological order is called a _________________
a) Dispersion
b) Regression
c) Index number
d) Time series
15. The steady increase in the population of India recorded by the census department is an
example of

a) Secular trend
b) Random variations
c) Seasonal variations
d) Cyclical fluctuations

16. Fisher's index is:

a) Mean of Bowley's and Marshal's index
b) Mean of Laspeyre's and Paasche's index
c) Geometric mean of Laspeyre's and Paasche's index
d) Geometric mean of Bowley's and Marshal's index

17. ______________________ is an index number of the cost met by a specified

class of consumers in buying a basket of goods and services.
a) Fishers Index Number
b) Value Index Number
c) Quantity Index Number
d) Consumer Price Index Number

18. ________________ can be defined as the totality of all possible observations,

measurements or outcomes.
a) Population
b) Sample
c) Parameter
d) Statistic

19. Under which method, population is divided into a number of sub-populations

or groups called strata and each group is sampled independently by
employing the simple random sampling technique:
a) Cluster sampling
b) Stratified sampling
c) Census
d) Systematic random sampling
 20. _________________ are used to monitor the number of defects per units.
a) P-Chart
b) C-Chart
c) Mean Chart
d) Range Chart

Part A: Two Mark Questions (21-35) 2 Marks x 15 = 30 Marks

21. Study of statistical data regarding wage rates, employment trends, accident rates,
employee grievances, labor turnover rate etc., comes under which category:
a) Personnel
b) Entrepreneurs
c) Production
d) Marketing

22. State true or false for the following statements

1) Statistics only deal with the aggregate values.
2) Single or isolated facts can be called as statistics.
a) 1- True, 2- True
b) 1- False, 2- False
c) 1- True, 2- False
d) 1- False, 2- True

23. Fill in the blanks:

1) ________________means drawing conclusions from the data which form the basis
of decision-making.
2) The quantitative character is technically called _____________
a) 1- Interpretation, 2 - Variable
b) 1- Quantitative, 2-Interpretation
c) 1- Conclusion 2 - Attribute
d) 1- Conclusion, 2- Variable

24. Which one of the following is not used to collect primary data?
a) Direct personal observation
 b) Indirect personal interview
c) Telephone Survey
d) Official Publications of central and state governments

25. State true or false for the following statements

1) Median is a mathematical average.
2) A.M is calculated based on the assumption that all items are not given equal
importance.
a) 1- True, 2- True
b) 1- False, 2- True
c) 1- True , 2- False
d) 1- False, 2- False

26. Match the following:

1. Arithmetic mean a) The most frequently occurring value in the data
2. Mode b) Reciprocal of Arithmetic mean of the reciprocal of individual
values
3. Harmonic mean c) Middle point of the set of values or scores
4. Median d) Ratio between the sum of the observations and the number of
observations

a) 1-c, 2-a, 3-d, 4-b

b) 1-d, 2-c, 3-a, 4-b
c) 1-d, 2-a, 3-b, 4-c
d) 1-c, 2-d. 3-a, 4-b

27. The standard deviation is an absolute measure of dispersion. From the following
identify which one is the relative measure of dispersion that expresses the standard
deviation as a percentage of the mean.
a) Coefficient of range
b) Co-efficient of variation
c) Co-efficient of mean deviation
d) Co-efficient of quartile deviation
28. Match the following:
1) r = +1 a) The variables are uncorrelated
2) r = -1 b) There is a perfect negative correlation between the variables

3) r = 0 c) There is a closer relation between the variables when the value of

r is nearer to +1 and less closer relation when the value of r is
nearer to -1
4) r = 1 d) There is a perfect positive correlation between the variables

a) 1-d, 2-b, 3-a, 4-c

b) 1-b, 2-d, 3-a, 4-c
c) 1-d, 2-c, 3-a, 4-b
d) 1-d, 2-c, 3-b, 4-a

29. State true or false for the following statements:

1) Time reversal Test is not satisfied by Laspeyres and Paasches index number.
2) Time Reversal Test was proposed by Irving Fisher.
a) 1- True, 2- True
b) 1- True, 2- False
c) 1- False, 2- False
d) 1- False, 2- True

30. Fill in the blanks:

1) If the unit selected in any draw is replaced back in the population before making the
next draw then it is known as____________________.
2) If the unit selected in any draw is not replaced in the population before making the
next draw then it is known as ___________________.
3) In_______________________, only the first unit is selected randomly and the
remaining units of the sample are selected at fixed intervals.

a) 1-simple random sampling without replacement, 2-simple random sampling with

replacement, 3-stratified sampling
 a) 1-simple random sampling with replacement, 2-simple random sampling without
replacement, 3 -stratified sampling
c) 1-simple random sampling with replacement, 2-simple random sampling without
replacement, 3 - systematic sampling
a) 1-simple random sampling with replacement, 2-stratified sampling, 3- systematic
sampling

31. State true or false for the following statements:

1) Simple aggregative index satisfies Unit Test.
2) Circular Test is not an extension of time reversal test.
a) 1-False, 2- False
b) 1-True, 2- True
c) 1-False, 2- True
d) 1-True, 2- False

32. Match the following:

1. Mean chart a) The chance that a bad lot will be accepted.
2. Range chart b) Used to monitor changes in the mean of a process
3. Consumers risk c) The chance that a good lot will be rejected.
4. Producers risk d) Control Chart for monitoring process variability
a) 1-c, 2-d, 3-a, 4-b
b) 1-b, 2-c, 3-a, 4-d
c) 1-b, 2-a, 3-d, 4-c
d) 1-b, 2-d, 3-a, 4-c

33. From the following, which is the Ogive curve?

a) Less than and more than
b) More than and equal to
c) Less than and equal to
d) Equal and not equal to
 34. If Q =17 and Q= 19, the coefficient of quartile deviation is:
a) 0.056
b) 0.0005
c) 0.1539
d) 0.1259

35. Calculate price index for 2012 by simple aggregative method by using the following
data:
Items Prices in 2005 Prices in 2012
A 15 25
B 50 65
C 250 350
D 20 42
E 18 48

a) 150.14
b) 120.12
c) 130.27
d) 105.123

Part C 10 Marks x 2 = 20 Marks

Answer all the questions

36. A study of different sampling methods is necessary because precision, accuracy, and
efficiency of the sample results depend on the method employed for selecting the sample.
Explain the Probability and Non-probability sampling methods.
Refer Unit 8

37. a. Calculate Arithmetic Mean of the following data:

X 10 15 20 25 30 35 40 45 50 55 60
f 2 4 22 40 50 30 14 15 10 8 5

Ans: 32.725
b. Calculate the mean deviation of the following data about the median:
8, 15, 53, 49, 19, 62, 7, 15, 95, 77
Ans: 27.2