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CMA Foundation Exam: Fundamentals of Business Statistics Practice Test
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Test your knowledge of these Business Statistics topics. Together they form 60% of Business mathemetics & Statistics Exam.

- Statistical representation of Data 10%
- Measures of Central Tendency and Dispersion 30%
- Correlation and Regression 10%
- Probability 10% 

Related Test: CMA Foundation Exam: Fundamentals of Business Mathematics Practice Test

CMA Foundation Exam: Fundamentals of Business Statistics Practice Test
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25 Questions

1. The Standard Deviation for two observations is
2. The value of the correlation coefficient lies between
3. In a moderately skewed distribution, mode – 3, median + k mean. Then k = -2.
4. If the sum of squares of the deviations of 10 observations taken from mean 50 is 250, then C.V is
5. If y = 3x + 30 and mean of x is 20, then the mean of y is
6. 50th percentile is known as 2nd quartile.
7. For a symmetrical distribution first quartile and median are respectively 20 and 24. The third quartile of the distribution is
8. In any group frequency distribution class intervals are of equal width always.
9. For a frequency distribution mean = 68.2; median = 69 and coefficient of skewness of the distribution is – 0.6. The variance of the distribution is
10. Variance is the positive square root of standard deviation.
11. The G.M of 3 and 24 with weight 2 and 1 respectively is
12. The sum of the deviations of the observations from their Arithmetic Mean (A.M) is always zero.
13. The vertical axis of an ogive shows
14. The median for the set of observations 5, 7, 2, 1, 4, 3, 6 is 1.
15. The statistical data collected during the census are primary data to the census department.
16. Variance is always positive.
17. The Arithmetic Mean for the series 2, 6, 5, 7, 9, 4, 2 is
18. Harmonic mean of a set of observations is the reciprocal of the arithmetic mean of the reciprocal values of the observations.
19. Out of total outlay 40,000 (crore) during an annual plan of a country, the central angle represented by education of amount Rs. x crore is 720. The value of x (in crore)is
20. The quartile deviation of the following data 12, 10, 17, 14, 19, 21, 27, 30, 32, 38, 34 is
21. For a positively skewed distribution, Mean > Median > Mode.
22. The mean deviation of the observations 3, 5, 9, 1 and 2 about their median is
23. A.M of 40 observations of a variable is 25 and S.D is 4. The sum of squares of all observations is
24. If the two regression coefficients are byx = - 0.4 and bxy = - 0.9 then the value of correlation coefficient (r) is
25. The 1st and 3rd quartiles of a frequency distribution are respectively 25 and 45. If the coefficient of skewness be – 0.1, then the median is

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