Quiz Space

Business Analytics · Quiz 1 · 23 Feb 2025 · January 2025 term

Question 1: You are given a data of size 1000, which is centred at 50…

Question 1

+1 markOne correct option

You are given a data of size 1000, which is centred at 50 and has a variance of 25. The median, mode, max and min values are 40, 22, 75 and 1 respectively.Then

  1. A

    The data is right-tailed

  2. B

    The data is left-tailed

  3. C

    The data is symmetric

  4. D

    None of these

Show answer

Correct answer

  • A

    The data is right-tailed

See the whole paperTake it as a mock test

Question 1 of 18 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD2 23 Feb 2025). It carries 1 mark.

More questions from this paper

  1. Q2When is a “Pie Chart” the best visualisation option for presenting data (choose all that is/are applicable)?
  2. Q3(The following comprehension is purely imaginary) A restaurant (“Milo’s Kitchen”) has data pertaining to customers orde…
  3. Q4(The following comprehension is purely imaginary) A restaurant (“Milo’s Kitchen”) has data pertaining to customers orde…
  4. Q5(The following comprehension is purely imaginary) A restaurant (“Milo’s Kitchen”) has data pertaining to customers orde…
  5. Q6(The following comprehension is purely imaginary) A restaurant (“Milo’s Kitchen”) has data pertaining to customers orde…
  6. Q7(The following comprehension is purely imaginary) A restaurant (“Milo’s Kitchen”) has data pertaining to customers orde…
  7. Q8What is the expected frequency in Bin-2 for the statistical test to be performed? (Note: give only a numerical value ro…
  8. Q9What is the value of the computed test statistic for the statistical test to be performed? (Note: give only a numerical…
  9. Q10What is the number of degrees of freedom for the statistical test to be performed? (Note: give only a numerical value r…
  10. Q11If the p-value for the test is 0.85, then what can be the <u>level of significance</u> if the Null Hypothesis is NOT TO…
  11. Q12What is the elasticity of the linear demand response curve? (Note: give only a numerical value rounded to 2 decimal pla…
  12. Q13What is the market size for milk? (Note: give only a numerical value rounded to 2 decimal places. For example, if your …
  13. Q14What is the satiating price for the Milk’s demand response curve? (Note: give only a numerical value rounded to 2 decim…
  14. Q15Given the computed elasticity, what can you say about the “Milk” demand? (choose all that is/are applicable)
  15. Q16From the given contingency table, find the expected frequency of Chennai people preferring brand B? (Note: give only a …
  16. Q17What is the calculated value of chi-squared? (Note: give only a numerical value rounded to 2 decimal places. For exampl…
  17. Q18At the significance level 0.05, chi-squared tabular value is 3.84. What do you conclude? (choose all that is/are applic…