Introduction to Statistical Methods Book Back Practice Test

12th Standard Economics — Introduction to Statistical Methods and Econometrics: Book Back Online Practice Test

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The word 'statistics' is used as _____________.

A.Singular B.Plural C.Singular and Plural D.None of above

Who stated that statistics is a science of estimates and probabilities.

A.Horace Secrist B.R.A Fisher C.Ya-Lun-Chou D.Boddington

Sources of secondary data are ___________.

A.Published sources B.Unpublished sources C.neither published nor unpublished sources D.Both (A) and (B)

The data collected by questionnaires are_____________.

A.Primary data B.Secondary data C.Published data D.Grouped data

A measure of the strength of the linear relationship that exists between two variables is called:

A.Slope B.Intercept C.Correlation coefficient D.Regression equation

If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be:

A.Positive B.Negative C.Zero D.One

If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be:

A.Perfect positive B.Perfect negative C.Negative D.Zero

The value of the coefficient of correlation r lies between:

A.0 and 1 B.-1 and 0 C.-1 and +1 D.-0.5 and +0.5

The term regression was used by:

A.Newton B.Pearson C.Spearman D.Galton

Q10

The purpose of simple linear regression analysis is to:

A.Predict one variable from another variable B.Replace points on a scatter diagram by a straight-line C.Measure the degree to which two variables are linearly associated D.Obtain the expected value of the independent random variable for a given value of the dependent variable

Q11

A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called:

A.Correlation B.Regression C.Residual D.Slope

Q12

If Y = 2 - 0.2X, then the value of Y intercept is equal to

A.-0.2 B.2 C.0.2X D.All of the above

Q13

In the regression equation \(Y = \\beta_0 + \\beta_1X\), the Y is called:

A.Independent variable B.Dependent variable C.Continuous variable D.none of the above

Q14

In the regression equation \(Y = \\beta_0 + \\beta_1X\), the X is called:

A.Independent variable B.Dependent variable C.Continuous variable D.none of the above

Q15

Econometrics is the integration of

A.Economics and Statistics B.Economics and Mathematics C.Economics, Mathematics and Statistics D.None of the above

Q16

Econometrics is the word coined by

A.Francis Galton B.Ragnar Frisch C.Karl Pearson D.Spearman

Q17

The raw materials of Econometrics are:

A.Data B.Goods C.Statistics D.Mathematics

Q18

The term Ui in regression equation is

A.Residuals B.Standard error C.Stochastic error term D.None of the above

Q19

The term Ui is introduced for the representation of

A.Omitted Variable B.Standard error C.Bias D.Discrete Variable

Q20

Econometrics is the amalgamation of

A.3 subjects B.4 subjects C.2 subjects D.5 subjects

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About this Introduction to Statistical Methods and Econometrics test

This free online practice test covers Introduction to Statistical Methods and Econometrics from the 12th Standard Economics (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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