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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 sum of the deviations of the observations from their Arithmetic Mean (A.M) is always zero.
2. If C.V of series A is less than that of series B, then A is more stable than B.
3. The absolute deviations of the values of a variables from the mean are 10, 15, 19, 2, 14.The mean deviation is
4. The A.M of first n natural numbers is 6. The value of n is
5. If y = 3x + 30 and mean of x is 20, then the mean of y is
6. If the relation between two variables x and y be 5x + 7y = 28 and median of y be 3, then the median of x is
7. For a symmetric distribution, skewness is
8. The correlation coefficient is a measure of linear association.
9. Variance is always non – negative.
10. For a frequency distribution coefficient of skewness = 0.6; mean = 172 and mode = 163.The value of the variance is
11. If C.V of series A is more than that of Series B, then B is more stable than A.
12. The sum of the probability of an event and its complement is always zero.
13. Mode for a frequency distribution is calculated from Histogram.
14. Two dice are thrown simultaneously, the probability of obtaining a total sum 8 is
15. The correlation between sale of woolen garments and day temperature is positive.
16. The frequencies of three class intervals 54 – 58, 59 – 63, 64 – 68 of a distribution are respectively 4, 8 and 12. The frequency density of the 2nd class is
17. Two unbiased coins are tossed simultaneously. The problem of getting a head and a tail is
18. A discrete variable assumes only integral values.
19. (Class Frequency) / (Width of the Class) is defined as Frequency Density.
20. The value of the correlation coefficient lies between
21. Runs in a cricket match is a continuous variable.
22. For a symmetrical distribution Mean ≠ Median ≠ Mode.
23. For a given frequency distribution C.V = 30%, variance = 36 and Pearson’s Coefficient of Skewness = - 0.25, the mode of the distribution is
24. In any group frequency distribution class intervals are of equal width always.
25. The statistical data collected during the census are primary data to the census department.

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