IC82 STATISTICS - 08
| Q1.The General Insurance Company had made forecasting of fire claims of Rupees 450 Crores during the year in Budget Planning. At the end of the year, the actual claims paid were to the tune of Rupees 468 crores. |
| a) 2% |
| b) 4% |
| c) 6% |
| d) 8% |
| Q2.The ___ is an index to bring the figure of one given characteristic to be measurable against the figure of 100 for all the characteristics taken together. |
| a) Percentage |
| b) Proportion |
| c) Ratios |
| d) None of these |
| Q3.When the Population is distributed in various clusters and each cluster has all the elements contained in the Population, one of the clusters is selected on a random basis, and all the ultimate units in the cluster are sampled. This method is known as___. |
| a) Stratified Sampling |
| b) Judgement Sampling |
| c) Cluster Sampling |
| d) Two-stage Sampling |
| Q4.The value of such Central Tendency is known as ____. |
| a) Expected Value |
| b) Average |
| c) Either a or b |
| d) None of these |
| Q5.In a complex survey, the objective may be lost sight of while engrossed in details of planning. Say whether True or False. |
| a) True |
| b) False |
| Q6.The _____ can be defines as the value of a variable that divides the observations in the ratio of 1:3 and the Third Quartile(Q_3) in the ratio 3:1. |
| a) First Quartile(Q_1) |
| b) Second Quartile(Q_2) |
| c) Third Quartile(Q_3) |
| d) Fourth Quartile(Q_4) |
| Q7.When all possible outcomes of an experiment are known in advance with the Frequency of each outcome without carrying out an experiment the proportion of each such outcome to total theoretical outcomes is known as ____. |
| a) Cumulative Probability Distribution |
| b) Empirical Frequency Distribution |
| c) Theoretical probability Distribution |
| d) None of these |
| Q8.A probability distribution is also known as ___. |
| a) Empirical Frequency Distribution |
| b) Cumulative Probability Distribution |
| c) Theoretical probability Distribution |
| d) None of these |
| Q9.Corresponding to the cumulative mass function of a discrete random variable, the ____ of a continuous random variable specifies the probability that the observed value of X will be no greater than. |
| a) Cumulative Mass Function |
| b) Probability Density Function |
| c) Cumulative Density Function |
| d) None of these |
| Q10.Height of 10 Students is taken as Sample Height of the College students. Calculate Standard Deviation of the Height of the students? |
| a) 2.87 |
| b) 3.56 |
| c) 4.25 |
| d) 5.65 |