Quiz 3

Question 1 - Procedure to explain the extent of variability of a given variable is

Answer - Regression Analysis

Question 2 - A sales person would like to understand the relationship between the ticket sales for a concert and the number of active fans of the concert. What analysis would you suggest -

Answer - Correlation analysis

Question 3 - Confidence level -

Answer - All of the above

Question 4 - As the sample size increases the distribution of sample is closer to the population is stated in the

Answer - Central limit theorem

Question 5 - Data Interpretation is

Answer - Helps make critical inferences

Question 6 - Focus Group Discussion

Answer - All of the above

Question 7 - Hypothesis testing is:

Answer - All of the above

Question 8 - Statistical methods that allow simultaneous investigation of more than 2 variables is called a ______

Answer - Multivariate Analysis

Question 9 - A clothing store wishes to examine whether it is loosing or gaining customers. It draws a sample from its list of credit card holders by selecting every 10th customer. The sampling method used here is –

Answer - Systematic Sampling

Question 10 - Prior to analyzing & interpreting the data it needs to be –

Answer - Coded