16. Information collected for a specific purpose is known as:
(A) Experimental information
(B) Primary data
(C) Secondary data
(D) External information
Answer:
(B) Primary data
Explanation:
Primary data refers to the first-hand information collected directly by a researcher specifically for the purpose of their current project or study.
17. When researcher wants to compare more than two group differences _________ will be used.
(A) ANOVA
(B) Logistic regression
(C) Correlation
(D) Partial Correlation
Answer:
(A) ANOVA
Explanation:
Analysis of Variance (ANOVA) is the standard statistical technique used to compare the means of three or more independent groups to see if they are statistically significantly different.
18. Standard deviation divided by Arithmetic mean expressed as a percentage is:
(A) Coefficient of Differentiation
(B) Coefficient of variation
(C) Mean
(D) Median
Answer:
(B) Coefficient of variation
Explanation:
The Coefficient of Variation (CV) is a statistical measure of the dispersion of data points around the mean, calculated as (Standard Deviation / Mean) * 100.
19. What is the automatic mean of the absolute deviation from the mean median or mode called?
(A) Range
(B) InterQuartile Range
(C) Mean Deviation
(D) Coefficient of Range
Answer:
(C) Mean Deviation
Explanation:
Mean Deviation(or Mean Absolute Deviation) is defined as the average of the absolute difference between each value in a set of a data and the dataset’s central tendency (mean or median).
20. Which of the following is not an accounting software?
(A) Tally
(B) Busy
(C) MS Office
(D) Best Books
Answer:
(C) MS Office
Explanation:
Tally, Busy, and Best Books are all dedicated accounting and financial software packages. MS Office is a general productivity suite.
