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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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  • Q1
    Which of the following types of variables is not influenced by the experiment and is observed as an explanatory variable in a statistical model?
    Dependent variable
    Extraneous variable
    Confounding variable
    Independent variable
    30s
  • Q2
    What type of data is categorized into classes and can't take on any value?
    Numerical data
    Continuous data
    Ordinal data
    Categorical data
    30s
  • Q3
    In business statistics, what is the purpose of defining and organizing variables?
    To manipulate data for desired outcomes
    To determine statistical significance
    To simplify data collection processes
    To analyze and understand data patterns and relationships
    30s
  • Q4
    What type of variable, in a study or experiment, changes or depends on the independent variable?
    Extraneous variable
    Confounding variable
    Independent variable
    Dependent variable
    30s

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