BBA Business Statistics MCQs – Practice Test 2 (Chapter 1)

Confidence Intervals and Estimation MCQ with Answers PDF – Download Test 2

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The "Confidence Intervals and Estimation MCQ" App Download (Android & iOS): To develop interval estimate of any parameter of population, the value which is added or subtracted from the point estimate is classified as; MCQ with answers: margin of consistency, margin of efficiency, margin of biasedness, and margin of error. Practice Sample Statistics Quiz Questions, download Apple Book (Free Chapter) to gain strategic insights.

Confidence Intervals & Estimation MCQ PDF Download – Practice Test 2

MCQ 6: If the point estimate is 8 and the margin of error is 5 then the confidence interval is:

3 to 13
4 to 14
5 to 15
6 to 16

MCQ 7: To develop interval estimate of any parameter of population, the value which is added or subtracted from the point estimate is classified as:

margin of efficiency
margin of consistency
margin of biasedness
margin of error

MCQ 8: In confidence interval estimation, the confidence efficient is denoted by:

1 + β
1 - β
1 - α
1 + α

MCQ 9: Considering the sample size, the sampling distribution standard error decreases when the:

size of sample increases
size of sample decreases
margin of error increases
margin of error decreases

MCQ 10: The method in which the sample statistic is used to estimate the value of parameters of population is classified as:

estimation
valuation
probability calculation
limited theorem estimation

BBA Business Statistics Notes App & e-Book – Confidence Intervals & Estimation Exam Prep

Introduction to Probability MCQs

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Sampling Distributions MCQs

Skewness, Kurtosis and Moments MCQs

Introduction to Statistics MCQs

Confidence Intervals and Estimation MCQs

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Data Classification, Tabulation and Presentation MCQs

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