The arrangement of data into classes based on common characteristics is: MCQ with Answer and Explanation
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Question #1
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The Wholesale Price Index (WPI) in India covers how many major groups?
Correct Answer: Option D
Explanation:
WPI comprises Primary Articles, Fuel & Power, and Manufactured Products.
WPI comprises Primary Articles, Fuel & Power, and Manufactured Products.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Classification of population by religion is an example of:
Correct Answer: Option A
Explanation:
Religion is an attribute, so grouping by it is qualitative classification.
Religion is an attribute, so grouping by it is qualitative classification.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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In a Poisson distribution, the probability of zero successes is e^{-λ}. If λ=3, this probability is approximately:
Correct Answer: Option C
Explanation:
e^{-3} ≈ 0.0498 ≈ 0.05.
e^{-3} ≈ 0.0498 ≈ 0.05.
This question belongs to:
Accountancy and Statistics
Statistics
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