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Important Questions for "business statistics":

[1]

  1. Calculate quartile deviation from the given observations.
  2. What is the importance of Skewness?
  3. Discuss the usefulness of probability in business.

[2]

  1. What is meant by measures of central tendency?
  2. What is the probability of drawing a black card or a king from a well-shuffled pack of playing cards?
  3. Discuss briefly the different methods of sampling. Also explain their merits.

[3]

  1. Define cross-sectional data. Give an example.
  2. What are marginal and conditional frequency distributions?
  3. Define measure of central tendency. Explain its various types.

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