MCQs with answers for defining and organizing variables in business statistics
Quiz by Amjad Shamim
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4 questions
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- Q1Which of the following types of variables is not influenced by the experiment and is observed as an explanatory variable in a statistical model?Dependent variableExtraneous variableConfounding variableIndependent variable30s
- Q2What type of data is categorized into classes and can't take on any value?Numerical dataContinuous dataOrdinal dataCategorical data30s
- Q3In business statistics, what is the purpose of defining and organizing variables?To manipulate data for desired outcomesTo determine statistical significanceTo simplify data collection processesTo analyze and understand data patterns and relationships30s
- Q4What type of variable, in a study or experiment, changes or depends on the independent variable?Extraneous variableConfounding variableIndependent variableDependent variable30s