Quiz Space

Business Analytics · Quiz 1 · 25 Feb 2024 · January 2024 term

Question 11: Which of the following statements are true? (choose all …

Question 11

+1 markOne correct option

Given the imaginary demand response curve in the below figure, answer the given subquestions.

Which of the following statements are true? (choose all that is applicable)

  1. A

    As price increases, latent demand decreases

  2. B

    As it is a linear curve, there is no impact of price on latent demand

  3. C

    The curve does not have any latent demand region

  4. D

    None of these

Show answer

Correct answer

  • D

    None of these

See the whole paperTake it as a mock test

Question 11 of 20 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 25 Feb 2024, in the January 2024 term (IIT M DIPLOMA AN2 EXAM QDD2 25 Feb 2024). It carries 1 mark.

More questions from this paper

  1. Q1From the Figure-1, which of the below statements are true?
  2. Q2The p-value of the chi-square goodness of fit test represents
  3. Q3Which of the following distributions is/are symmetric in nature (select all that are applicable)?
  4. Q4A data set with 450 data points provides information on 13 variables. Chi-square goodness of fit test is conducted on a…
  5. Q5What is the elasticity of this curve when the price is Rs.100?\ (Note: Enter the answer rounded to two decimal places. …
  6. Q6What is the satiating price for this curve?\ (Note: Enter the answer rounded to two decimal places. For example, if the…
  7. Q7Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  8. Q8Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  9. Q9Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  10. Q10Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  11. Q12What is the elasticity between any two points of the given demand response curve?\ (Note-1: Do not assume that it is li…
  12. Q13Based on the computed elasticity, what kind of demand is being exhibited by the product?
  13. Q14You are given the following contingency table (Table-1) based on sample data where different cities and their brand pre…
  14. Q15You are given the following contingency table (Table-1) based on sample data where different cities and their brand pre…
  15. Q16You are given the following contingency table (Table-1) based on sample data where different cities and their brand pre…
  16. Q17What is the probability that an application for the coming admission will be “Fully Completed”? (Note: Enter the answer…
  17. Q18If a total of 550 applications are expected to be received for the upcoming admission, then how many would you expect t…
  18. Q19SU is planning spend money on advertising to increase applications. Once the advertising is completed, a total of 600 a…
  19. Q20Recently, you saw a person applying to “SU”. The person had submitted the application “Half Completed”. Then which cate…