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UNIVERSITY OF CALICUT
SCHOOL OF DISTANCE EDUCATION
III SEMESTER
B.A ECONOMICS
(2013 A DMISSION)
CORE COURSE
2,
3,
1,
2.
3,
3,
6,
1,
5,
2,
2,
6,
1,
4,
2,
4,
5,
1,
5,
2,
4,
2,
3,
1,
3,
4,
4,
3,
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c) interval
d) ratio
34. You are conducting a study to see whether a new experimental medication will cause bald
men to grow hair. You divide your patients into 2 groups. To one group you give the
medication. To the other group, you give a placebo. In this study, the correct terms for the
taking of the medication and the growth of hair are the following.
a) Both the medication and the hair growth are dependent variables
b) Both the medication and the hair growth are independent variables
c) the medication is the dependent variable, and the hair growth is the independent variable
d) the medication is the independent variable, and the hair growth is the dependent variable
35. Which of the following definitions is the definition of the MODE?
a) the Mode is the value that has the highest frequency
b) the Mode is the average calculated by adding up all the values and dividing by the number
of entries
c) the Mode is the largest value
d) the Mode is the value that half of the entries are below and half of the entries are above.
36. The concept of a variable implies that the values of every characteristic of an item are
different
a) true
c) neither true nor false
b) false
d) any of the above
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50. A teacher had 5 students who took a test. Their test scores are as follows: 62, 86, 72, 66,
72. What is the mode of the test
a) 72
c) 62
b) 86
d) 66
51. Find the range in the following numbers: 9, 8, 15, 8, 20
a) 12
c) 8
b) 15
d) 20
52. The scores of a cricketer in eight one day matches is 36, 38, 33, 34, 32, 30, 34, 35. What
is his average score
a) 45
c) 38
b) 35
d) 34
53. For the following distribution which of the following statement is true
36, 38, 33, 34, 32, 30, 34, 35
a) median > mean < mode
c) median = mean < mode
b) median > mean = mode
d) median = mean = mode
Quantitative Methods for Economic Analysis - 1
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c) time-series plot
d) stem-and-leaf plot
66. The width of a class interval in a frequency distribution (or bar chart) will be
approximately equal to the range of the data divided by the ______________ .
a) highest value in the data set
c) lowest value in the data set
b) average of the data set
d) number of class intervals
67. When constructing a frequency distribution, which of the following rules must be
followed?
a) the midpoint of each class must be an integer
b) the width of each class is equal to the lowest value in the data set
c) the number of classes must be an even number
d) adjacent classes cannot overlap
68. The rule of thumb for creating a frequency distribution is to divide the data into 5-15
classes. While larger numbers of classes allow for larger data sets, how do you know exactly
how many classes to use
a) if in doubt about the number of classes, select 10 since it is the midpoint between 5 and 15
classes
b) select the number of classes that provides definition to the shape of the data
c) determine the width of the class interval, then calculate the number of classes
d) any number of classes between 5 and 15 is sufficient
69. Considering the various types of tables and charts you have studied, which table, chart,
diagram or plot would you use to depict categorical data for two variables in a visual format
a) bar chart
c) scatter plot
b) pie chart
d) contingency table
70. For the list of values, 13, 18, 13, 14, 13, 16, 14, 21, 13, the mean, median, mode, and
range are in the order
a) 15, 13, 14, 8
c) 8, 15, 14, 13
b) 15, 14, 13, 8
d) 14, 15, 13, 8
Quantitative Methods for Economic Analysis - 1
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81. Which of the following is the most appropriate measure of central tendency for ordinal
data
a) coefficient of Variation
c) median
b) variance
d) mean
82. Which of the following measures of central tendency is not affected by extreme values in
the sample data set
a) mode
c) median and mode
b) median
d) mean
83. How many elements of a data set are between the first and third quartiles
a) one half
c) one fourth
b) one third
d) three fourths
84. Which of the following measures become larger as the data is more dispersed
a) median and range
b) mean, variance, and standard deviation
c) mean and median
d) range, variance, and standard deviation
85. The sum of deviations about the arithmetic mean is always equal to _______
a) 1
c) variance
b) 0
d) geometric mean
86. The coefficient of correlation will be a value in which of the following ranges
a) (0, 1)
c) (1, 0)
b) (1, 1)
d) (infinity, +infinity)
87. How is the arithmetic mean related to the variance
a) variance has the square of the mean in its formula
b) variance is not related to the mean, but standard deviation is
c) variance measures the variability of values about the mean
d) they are not related. One is a measure of central tendency, and the other is a measure of
variance
88. Summary statistics for two samples of data are
Sample 1:
mean=19
variance=10
Sample 2:
mean=10
variance=19 Which sample has the larger spread of observations
a) sample 2
d) there is not enough information to answer
b) sample 1
the question
c) neither; they have the same spread
Quantitative Methods for Economic Analysis - 1
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c) RBI
d) SEBI
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c) cyclical variation
d) irregular variation
c) Circular Test
d) None
c) 1 on 1
d) b) 0 on 0
166. Fisher's Ideal Formula for calculating index nos. satisfies the________ tests
a) Units Test
c) Both a and b
b) Factor Reversal Test
d) do not satisfy any test
167. _______________ is particularly suitable for the construction of index nos
a) Harmonic Mean
c) Geometric Mean
b) Arithmetic Mean
d) None
168. The________ of group indices given the General Index
a) Harmonic Mean
c) Geometric Mean
b) Arithmetic Mean
d) None of the above
169. In computing Index Numbers, ___________ is concerned with the measurement of price
changes over a period of years, when it is desirable to shift the base
a) Unit Test
c) Time Reversal Test
b) Circular Test
d) None of the above
Quantitative Methods for Economic Analysis - 1
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c) sample
d) none
171. The formula should be independent of the unit in which or for which price and quantities
are quoted in
a) Unit Test
c) Factor Reversal Test
b) Time Reversal Test
d) None of the above
172. Factor Reversal test is satisfied by
a) Fisher's Ideal Index
b) Laspeyres Index
c) Paasches Index
d) none of the above
c) Both
d) None
c) to compare prices
d) None of the above
c) both
d) none of the above
c) Circular Test
d) None of the above
c)
d)
100
100
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c) Ragnar Frisch
d) Pareto
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c) error term
d) dummy variable
191. In perfect linear model, we assume that regression coefficient remains _________
a) variable until some point
c) constant to some point
b) variable through out
d) constant through out
192. In econometric models, t+1 indicates,
a) net addition
b) current value with some fluctuations
c) expected value
d) none of these
193. When a north Indian town data and south Indian data are totalled, it leads to the problem
of _________aggregation.
a) national
c) spatial
b) regional
d) heterogeneous
194. Among the following, which is an assumption of OLS
a) the explanatory variables are measurable
b) the relationship being estimated is identified
c) error term and independent variables are related
d) error term and independent variables are linearly related
195. The property of average or expected value is equal to true value of the coefficient is the
property of
a) zero variance
c) zero mean
b) minimum variance
d) minimum mean
196. The power of a statistical test is defined as,
a) 1
b) 1 +
c) 1
d)
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Answers
1. (c) 2.81
2. (d) ratio data
3. (b) The people of India is called the population, and the people you called are the sample
4. (b) sample; population
5. (d) All of the above
6. (a) as horizontal
7. (a) Allow us to predict someones statistical grade from their mathematical ability
8. (c) constant
9. (a) criterion or y variable
10. (d) In linear regression the line of best fit maximises the distance between the scores and
the regression line
11. (b) moderate
12. (c) correlation
13. (c) high; high
14. (a) scatter diagram
15. (b) that they share variance
16. (d) All of the above
17. (d) Both a and b
18. (d) 20%
19. (a) descriptive statistics (There is a rank to the grade level classification of students. Therefore, this data is ordinal.)
20. (c) looking in journals
21. (c) the grades are a sample
22. (a) samples are chosen at random from the population
23. (b) inferential statistics
24. (a) ordinal
25. (c) the source is primary for the company and secondary for the stockholders
26. (b) no, because weight is still a continuous variable regardless of the ability to measure it
27. (a) population
28. (d) numerical
29. (b) false
30. (a) true
31. (b) false Even though it is a relatively large number, the number of students on campus is discrete.
32. (b) parameter, statistic
33. (a) nominal
34. (d) the medication is the independent variable, and the hair growth is the dependent
variable
Quantitative Methods for Economic Analysis - 1
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Using the class width to be the range divided by the number of classes, (70-15)/6 = 9.167.
Therefore, a width of 10 is a more appropriate choice.
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