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Guide

Uploaded by

ishui ishu
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

The computed value based on the principal amount and the total accumulated interest earned is
called __________.
a. simple interest b. compound interest c. annuity d. mutual fund e. None of these
2. The phase of statistics that only seeks to describe and analyze a given group without drawing
any conclusions or inferences on a larger group is called _________________.
a. Descriptive Statistics b. Inferential Statistics c. Population d. Inference e. None
21. Given the following frequency distribution, find the mode:

a. 32.33 b. 33.33 c. 34.33 d. 35.33 e. 36.33 22.


22. A Company is evaluating the salaries of its employees. The interquartile range (IQR) for the
salaries is calculated to be $15,000. What does this measure indicate?
a. The difference between the highest and lowest salary. b. The spread of the middle 50% of the
salaries. c. The average salary. d. The salary at the 75th percentile. e. The salary is at lower
quartile
23. If the principal amount is $4000, the time period is 4 years, and the simple interest is $960,
what is the annual rate of interest?
a. 6% b. 8% c. 10% d. 12% e. 5 %
24. If $1000 is invested at an annual interest rate of 5% compounded annually, what will be the
amount after 2 years?
a. $1100 b. $1102.5 c. $1150 d. $1200 e. $1000
25. Which of the following is an example of categorical variable? a. Height b. Weight c.
Gender d. Temperature e. Age
26. In Statistics, what is discrete variable?
a. A variable that can take on any value within a given range.
b. A variable that can only take on whole number or distinct values.
c. A variable that represents a specific point in time.
d. A variable that is measured on a continuous scale.
e. A variable that takes an interval form.

35. Which statistical metric divides a dataset into four equal parts?
A. Deciles b. Percentiles c. Quartiles d. Z-Scores ___________. E. Median
36. If the principal amount is $2500, the rate of interest is 4%, and the simple interest is $200, for
how many years was the amount invested?
A. 2 years b. 3 years c. 4 years d. 5 years e. 6 years
37. If the principal amount is $5000, the time period is 2 years, and the simple interest is $800,
what is the rate of interest?
A. 6% b. 8% c. 10% d. 12%
38. Which measure of dispersion is most affected by outliers in a dataset?
A. Range b. Interquartile range c. Variance d. Standard deviation e. 16% e. Mean absolute
deviation

16. Which of the following is the formula for calculating the mean of a raw data? A. Sum of all
values / Number of values b. (Sum of all values / Number of values) × 100 c. (Sum of all values
+ Number of values) / Number of values d. Sum of all values × Number of values e. Sum of all
values – Number of values
17. Which of the following best describes the term “variance”?
a. The average of the squared differences from the mean b. The square root of the average
distance from the mean e. Php 1, 132.83 c. The difference between the highest and lowest values
d. The difference between the first and third quartile e. All of the above
18. What does a high standard deviation indicate about a dataset?
A. The data points are close to the mean. B. The data points are spread out over a large range of
values. C. The data points are all the same. D. The data points are skewed. E. The data points are
flat.

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