Question types

Introduction to Statistical Methods and Econometrics question types

83 questions across 3 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

83
Questions
3
Question groups
5
Question types
Sample Questions

Introduction to Statistical Methods and Econometrics questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Assertion (A): Ronald Fisher introduced the concept of Standard Deviation.
Reason (R): Standard Deviation is one of the methods of Absolute measure of dispersion.
  • A
    Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
  • B
    Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
  • C
    ‘A’ is true but ‘R’ is false
  • ‘A’ is false but ‘R’ is true

Answer: D.

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Assertion (A): Quantitative data are those that can be quantified in definite units of measurement.
Reason (R): These refer to characteristics of a subject or an object.
  • A
    Both ‘A’ and ‘R’ are tme and ‘R’ is the correct explanation to ‘A’
  • B
    Both ‘A’ and ‘R’ are tme but ‘R’ is not the correct explanation to ‘A’
  • ‘A’ is true but ‘R’ is false
  • D
    ‘A’ is false but ‘R’ is true

Answer: C.

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Assertion (A): Statistics is indispensable in planning.
Reason (R): In the modem world, which can be termed as the “World of Planning” almost all organisations.
  • Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
  • B
    Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
  • C
    ‘A’ is true but ‘R’ is false
  • D
    ‘A’ is false but ‘R’ is true

Answer: A.

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Assertion (A): In singular form it simply means simple method.
Reason (R): Singular forms help in the collection, presentation, classification and interpretation of data.
  • A
    Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
  • B
    Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
  • C
    ‘A’ is true but ‘R’ is false
  • ‘A’ is false but ‘R’ is true

Answer: D.

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Assertion (A): The monumental contribution to the subject of statistics can be attributed to R.A. Fisher was able to apply statistics to a variety.
Reason (R): Fields such as Biometry, Genetics, Psychology, Education, Agriculture and others.
  • Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
  • B
    Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
  • C
    ‘A’ is true but ‘R’ is false
  • D
    ‘A’ is false but ‘R’ is true

Answer: A.

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