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Commerce Exam  >  Commerce Tests  >  Statistics for Economics - Class XI  >  Test: Use of Statistical Tools - Commerce MCQ

Test: Use of Statistical Tools - Commerce MCQ


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10 Questions MCQ Test Statistics for Economics - Class XI - Test: Use of Statistical Tools

Test: Use of Statistical Tools for Commerce 2024 is part of Statistics for Economics - Class XI preparation. The Test: Use of Statistical Tools questions and answers have been prepared according to the Commerce exam syllabus.The Test: Use of Statistical Tools MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Use of Statistical Tools below.
Solutions of Test: Use of Statistical Tools questions in English are available as part of our Statistics for Economics - Class XI for Commerce & Test: Use of Statistical Tools solutions in Hindi for Statistics for Economics - Class XI course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Use of Statistical Tools | 10 questions in 10 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Statistics for Economics - Class XI for Commerce Exam | Download free PDF with solutions
Test: Use of Statistical Tools - Question 1
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What is the primary objective of using statistical tools and methods in diverse types of analyses for developing a project?

Detailed Solution for Test: Use of Statistical Tools - Question 1
The primary objective of using statistical tools and methods in diverse types of analyses for developing a project, is to gather pertinent information. This information is then used to recommend enhancements to products or systems, making it a crucial step in project development.
Test: Use of Statistical Tools - Question 2
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Which step in making a project involves organizing and presenting collected data using tables, charts, and suitable diagrams?

Detailed Solution for Test: Use of Statistical Tools - Question 2
The step that involves organizing and presenting collected data using tables, charts, and suitable diagrams is the process of analyzing and interpreting data. This step helps make the data easy to understand and draws insights from it.
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Test: Use of Statistical Tools - Question 3
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In project development, what is the significance of determining the target group?

Detailed Solution for Test: Use of Statistical Tools - Question 3
Determining the target group is significant because it guides the selection of the project topic. Understanding the audience or the group for which the project is intended is essential in addressing specific problems related to that group.
Test: Use of Statistical Tools - Question 4
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Which statistical measure is used to describe the variability or spread of data points?
Detailed Solution for Test: Use of Statistical Tools - Question 4
Measures of dispersion are used to describe the variability or spread of data points. They provide information about how data points are scattered or distributed around a central value.
Test: Use of Statistical Tools - Question 5
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What is the common focus of projects related to transportation, cottage industry, and agriculture?
Detailed Solution for Test: Use of Statistical Tools - Question 5
The common focus of projects related to transportation, cottage industry, and agriculture, is to identify specific problems and suggest feasible solutions through project reports. These projects aim to address issues within their respective sectors.
Test: Use of Statistical Tools - Question 6
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What is the primary purpose of including a bibliography of secondary sources in a project?
Detailed Solution for Test: Use of Statistical Tools - Question 6
The primary purpose of including a bibliography of secondary sources in a project is to acknowledge the authors of primary data sources. It gives credit to the original sources of information used in the project.
Test: Use of Statistical Tools - Question 7
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Which step in making a project involves drawing meaningful conclusions and making predictions for the future?
Detailed Solution for Test: Use of Statistical Tools - Question 7
The step that involves drawing meaningful conclusions and making predictions for the future is the process of analyzing and interpreting data. This step helps derive insights and recommendations based on the analyzed information.
Test: Use of Statistical Tools - Question 8
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Which statistical measure helps in understanding the typical or central value of a dataset?
Detailed Solution for Test: Use of Statistical Tools - Question 8
Measures of central tendency, help in understanding the typical or central value of a dataset. These measures include mean, median, and mode, which provide insights into where the data tends to cluster.
Test: Use of Statistical Tools - Question 9
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What is the significance of conducting surveys in project development?
Detailed Solution for Test: Use of Statistical Tools - Question 9
Conducting surveys in project development is significant because it allows for the collection of primary data. This primary data is crucial for the analysis and interpretation of information in the project.
Test: Use of Statistical Tools - Question 10
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Which project involves conducting a survey to determine the prevalence of food adulteration?
Detailed Solution for Test: Use of Statistical Tools - Question 10
The project that involves conducting a survey to determine the prevalence of food adulteration is specifically mentioned in the text as one of the suggested projects.
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