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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 Geometric Mean (G.M) for the series 1, 2, 4 is
2. The mean of five observations 5, 10, 15, 20, 25 is
3. Frequency densities are necessary for drawing histogram.
4. The variance of first 5 natural numbers is
5. The standard deviation of a series of observations is defined as a root mean square deviation from any central value A.
6. If a variable x takes the values 12 and 24 with equal frequencies, then mean of x is
7. The measure of central tendency of a statistical data which takes into account all the data
8. The basis of classification according to differences in time is called
9. If for a symmetrical distribution 1st and 3rd quartiles are respectively 16 and 22, then the Median of the distribution is
10. A discrete variable assumes only integral values.
11. The vertical axis of an ogive shows
12. If y = 3x + 30 and mean of x is 20, then the mean of y is
13. The coefficient of variation = (mean / s.d) x 100.
14. Skewness of a frequency distribution is defined as the measure of its extent of asymmetry.
15. 50th percentile is known as 2nd quartile.
16. The total number of cases is 12 when two dice are thrown together.
17. If the sum of squares of the deviations of 10 observations taken from mean 50 is 250, then C.V is
18. For a frequency distribution Median (Q2), 5th Decile (D5) and 50th Percentile (P50) have the same value.
19. The sum of the probability of an event and its complement is always zero.
20. The correlation between sale of woolen garments and day temperature is positive.
21. In a moderately skewed distribution, mode – 3, median + k mean. Then k = -2.
22. The A.M. of the numbers 1, 3, 5, ……. (2n – 1) is
23. The regression equation of y on x is 3x – 5y = - 12 and regression equation of x on y is 2x – y = 7. The value of y when x = 10 is
24. Standard Deviation (S.D) for two observations 1 and 4 is
25. If A and B be two mutually exclusive events and P(A) = 3/4; P (A U B) = 5/6 then P(B) is

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