FIN 205 CBT

1. The mean deviation of the set of data 7,6,3,4,10 is_______

2. The following are advantages of arithmetic mean except_______

3. These are problems encountered in the construction of index numbers except _______

4. Obtain the geometric mean of the following data 3,2,6,4 which is ______

5. Reflect changes in the volume of goods produced or consumed know as ___

6. The are normally constructed for different classes of consumers is known as __________

7. The scientific method for collecting, organizing, summarizing, presenting and analysing data is called________

8. The degree of peakedness of a distribution is known as_________

9. The following are Assumptions for Student’s test except_______.

10. It has been found that 2% of the tools produced by a certain machine are defective. What is the probability that in a shipment of 400 such tools is ______

11. Find the mode of the data below 2,3,3,4,2,6,3,3,4,4,4 which is _______

12. Obtain the harmonic mean of the following data 3,2,6,4, which is _______

13. Find the median of the following data 8,3,5,2,6,7,3,9 which is ______

14. _______ Is the logical approach, it answers questions like What, Who, Where, How, When and Why

15. The normal distribution curve is otherwise known as ________

16. μ in hypothesis test mean ________

17. Under certainty, the decision maker simply ______ the outcome of each alternative and selects the one that best meets his/her objective

18. The heights in meters of 12 wallnut seeding, after twenty years growth are 4, 5, 6, 3, 7, 2, 8, 5, 3, 4.8, 4.5, 7.2, 5.2, which is ________

19. The standard deviation of the set of data 7,6,3,4,10 is______

20. _____ advocate that the current year quantities are taken as weights

21. ________is a method base on two head is better than one.

22. ________ thinking considers end rather than means

23. Sampling distribution is the ______

24. One way in which a representative sample may be obtained from a population is by ______

25. Find the root mean square of the heights in ft of 5 students in a class – 3,2,4,6,7 which is ________

26. ________ is the comparison of one thing with another that has similar features

27. The number of employees in commercial banks in Ibadan are given as 4368, 4387, 4331, 4383, 4356, 4369. Find the mean __________

28. _________ are indicators which reflect the relative changes in the level of certain phenomenon in any given period

29. Most common index numbers are the price index numbers which study changes in price level of commodities over a period of time is known as________

30. Which of the following gives the median of a grouped frequency distribution_________

31. A hypothesis can be defined as a conjectural statement or a proposition about an assumed relationship between two or more _________.

32. _______ looks for the attributes or qualities of the product .i.e. comparison of the best one

33. The art of problem solving and decision making is base on________

34. Copy - Obtain the harmonic mean of the following data 3,2,6,4, which is _______

35. The mean deviation of the set of data 8,7,11,6,16,4,11 is________

36. Copy - Find the mode of the data below 2,3,3,4,2,6,3,3,4,4,4 which is _______

37. _______ advocated the geometric cross of Laspeyre’s and Paasche’s Price index numbers

38. Aggregate of prices (of all the selected commodities) in the current year as a percentage of the aggregate of prices in the base year know as _____

39. ______ defined as the logical and quantitative analysis of all the factors influencing a decision

40. There is no significant difference between the sample mean and the population mean can be symbolize as ______.