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10 questions · timed · auto-graded

Question 11 Mark
What is marginal revenue ?
Answer
The change in revenue due to small change in demand is called marginal revenue.
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Question 21 Mark
Explain the meaning of $x \rightarrow 0$.
Answer
If by decreasing the positive value of a variable $x$ or by increasing negatie value of the variable $x$;
the value of $x$ is brought very close to $' 0 '$ then it can be said that $x$ tends to $0 .$
It is denoted by $x \rightarrow 0$.
Here, $x \rightarrow 0$ means the value of $x$ approaches very close to $0$ but it will not be equal to $0 .$
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Question 31 Mark
For a normal distribution, the estimated value of quartile deviation is $12 .$ Find the value of its standard deviation.
Answer
In normal distribution fourth quartile $=\frac{2}{3} \sigma,$
therefore $12=\frac{2}{3} \sigma$
$\therefore \sigma=\frac{12 x^3}{2} 18 \text {. }$
Thus, the value of sturdard deviation is $18 .$
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Question 41 Mark
What is the probability that a continuous random variable takes definite value?
Answer
The probability that a continuous random variable takes definite value is always $' 0 ; ($zero$).$
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Question 51 Mark
Define discrete random variable.
Answer
A random variable $X$, which is capable of taking any real value of set $R$ or its subset is called a discrete random variable.
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Question 61 Mark
State the formula for the probability of occurrence of atleast one event out of three events $A , B$ and $C$.
Answer
Occurrence at least one event out of three evens $A , B$ and $C$ or $A B C$.
$P ( A \cup B \cup C )= P ( A )+ P ( B )+ P ( C )- P ( A \cap B )- P (\cap C )- P ( B \cap C )$$+ P ( A \cap B \cap C )$
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Question 71 Mark
State the interval required to know the trend in agricultural yield or industrial production.
Answer
To require the trend in agricultural yield or industrial production, $10-15$ years time interval is required.
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Question 81 Mark
Define Regression coefficient.
Answer
The co-efficient of $b$ of $x$ in the linear regression model is known as coefficient of regression. OR The approximate change in the value of dependent variable for $a$ unit change in the value of independent variable. $b$ represents the appropriate increase or decrease in the value of $Y$ per one unit increase or decrease in the yalue of $X$.
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Question 91 Mark
What is the main limitation of Scatter diagram method?
Answer
The main limitation of scatter diagram method is that we cannot obtain the exact measure of strength of correlation.
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Question 101 Mark
Which index number is used in India to find the rate of dearness allowance?
Answer
Cost of living index number is used in India to find the rate of dearness allowance.
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1 Marks Each - Statistics STD 12 Commerce Questions - Vidyadip