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Business Analytics Quiz 2: 10 July 2022 (May 2022 term)

Question 1

+2 marksOne correct option

Suppose you conduct a chi-squared test of independence on the categorical variables cities and brand preferences at the significance level 0.05. You obtain a p-value of 0.07. What will you conclude?

  1. A

    Reject the null hypothesis and conclude that the categorical variables are independent

  2. B

    Reject the null hypothesis and conclude that the categorical variables are not independent

  3. C

    Fail to reject the null hypothesis and conclude that the categorical variables are independent

  4. D

    Fail to reject the null hypothesis and conclude that the categorical variables are not independent

Question 2

+2 marksOne correct option

There are 4 business units. Using the DEA, you solve the LP for all the four business units and find the efficiencies for these units. The efficiency is denoted by E. For these units, E1 = 0.83, E2 = 1, E3 = 0.57, E4 = 0.91. Which of these units are efficient?

  1. A

    Unit 1

  2. B

    Unit 2

  3. C

    Unit 3

  4. D

    Unit 4

Question 3

+2 marksOne correct option

You construct a linear regression on a price-demand dataset and observe the following trend.

After observing the above figure, choose which of the following statements are true?

  1. A

    The intercept and the slope of this regression are both negative

  2. B

    The intercept and the slope of this regression are both positive

  3. C

    The intercept is negative and the slope is positive

  4. D

    The intercept is positive and the slope is negative

7 more questions in this paper

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More on the Business Analytics Quiz 2 10 Jul 2022 paper

The IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term: 10 questions for 20 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.

FeatureBusiness Analytics Quiz 2 10 Jul 2022 at a glance
TermMay 2022 term
SubjectBusiness Analytics
Course codeBSMS2002
Questions10
Marks20
Duration120 min
MCQ3
MSQ1
Numerical6
Official paperIIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022
Negative markingNo negative marking.
Updated

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