Quiz Space

Business Data Management · End Term · 22 Dec 2024 · September 2024 term

Question 4: What implication does a bimodal distribution in household…

Question 4

+1 markOne correct option

What implication does a bimodal distribution in household transportation expenditure data point to?

  1. A

    Most households spend a similar amount on transportation

  2. B

    There are two distinct groups of households based on transportation spending

  3. C

    Transportation expenditure is evenly distributed across all households

  4. D

    There is a negative correlation between income and transportation spending

Show answer

Correct answer

  • B

    There are two distinct groups of households based on transportation spending

See the whole paperTake it as a mock test

Question 4 of 25 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 22 Dec 2024, in the September 2024 term (IIT M FOUNDATION DIPLOMA AN EXAM QDF3 22 Dec 2024). It carries 1 mark.

This question was also asked in

More questions from this paper

  1. Q1In the context of economic flow, what do firms provide to households in exchange for labour?
  2. Q2Which Excel function can be used to search for a certain value from another table and retrieve a reference value based …
  3. Q3Which of the following is NOT a government source of economic data mentioned in the segment?
  4. Q5Which of the following factors is most critical in determining the market potential for a new product?
  5. Q6What does the Days of Sales of Inventory indicate?
  6. Q7Which of the following scenarios can be best expressed through a Bar chart?
  7. Q8Which of the following is typically NOT performed when using a pivot table in data analysis ?
  8. Q9Swyft, a new taxi aggregator platform has developed a new recommendation engine called “TinSage?” and they want to test…
  9. Q10What is the primary goal of an A/B test?
  10. Q11How do online payment companies make money?
  11. Q12A form created by HR that outlines the budgetary details, skills and capabilities required etc. is called
  12. Q13Consider the following dataset: Composite Score= Sum of all criteria on the same scale\ Rank the above candidates and c…
  13. Q14PePhone is a FinTech firm that processes payments. Following are sources of revenue for the company – 3.5% of transacti…
  14. Q15| Products | Sale amount | |---|---| | Product A | 22,000 | | Product B | 18,000 | | Product C | 29,000 | | Product D |…
  15. Q16| Products | Sale amount | |---|---| | Product A | 22,000 | | Product B | 18,000 | | Product C | 29,000 | | Product D |…
  16. Q17Company HiringSoft wants to recruit Software Engineers for its new project. The hiring manager was tasked with choosing…
  17. Q18Company HiringSoft wants to recruit Software Engineers for its new project. The hiring manager was tasked with choosing…
  18. Q19| Product Name | Prod. ID | Month 1 Sales | Month 2 Sales | Month 3 Sales | Unit Price (\$) | |---|---|---|---|---|---|…
  19. Q20| Product Name | Prod. ID | Month 1 Sales | Month 2 Sales | Month 3 Sales | Unit Price (\$) | |---|---|---|---|---|---|…
  20. Q21| Product Name | Prod. ID | Month 1 Sales | Month 2 Sales | Month 3 Sales | Unit Price (\$) | |---|---|---|---|---|---|…
  21. Q22Based on the data in the table, Calculate the missing values X1, X2, X3 \& X4 Enter the value X1 _
  22. Q23Based on the data in the table, Calculate the missing values X1, X2, X3 \& X4 Enter the value X2
  23. Q24Based on the data in the table, Calculate the missing values X1, X2, X3 \& X4 Enter the value X3
  24. Q25Based on the data in the table, Calculate the missing values X1, X2, X3 \& X4 Enter the value X4