Applications of Statistics in Business
Description: This quiz is designed to assess your knowledge of the applications of statistics in business. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: statistics business data analysis |
Which statistical method is used to determine the relationship between two variables?
What is the purpose of a hypothesis test?
Which statistical method is used to compare the means of two or more groups?
What is the purpose of a confidence interval?
Which statistical method is used to test the independence of two categorical variables?
What is the purpose of a regression analysis?
Which statistical method is used to forecast future values based on historical data?
What is the purpose of a quality control chart?
Which statistical method is used to determine the optimal allocation of resources?
What is the purpose of a decision tree?
Which statistical method is used to analyze the relationship between a categorical variable and a continuous variable?
What is the purpose of a market research survey?
Which statistical method is used to analyze the relationship between two continuous variables?
What is the purpose of a statistical process control chart?
Which statistical method is used to determine the optimal inventory level?