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MBA Marketing Business Studies — practice by topic

Browse 30 questions across 4 Business Studies topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Business Studies topics

Business Studies (30)Data Interpretation (30)Marketing (30)Research Methods and Sampling (30)

Try a Business Studies question

A number that represents a property of a sample is called a:Read the answer and worked solution →The corresponding number describing the whole population is a:Read the answer and worked solution →How accurately a sample figure estimates the population figure depends on how well the sample:Read the answer and worked solution →Studying an entire population is often avoided because it:Read the answer and worked solution →

Worked practice questions

A number that represents a property of a sample is called a:

  1. Statistic
  2. Statement
  3. Stationery
  4. Stipulation
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Correct answer: A. Statistic

1. It is worked out from sample data. 2. The matching population figure has another name. 3. It is a statistic. _Source: OpenStax Introductory Business Statistics 2e, Chapter 1, Sampling and Data._

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The corresponding number describing the whole population is a:

  1. Barometer
  2. Parameter
  3. Perimeter
  4. Pedometer
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Correct answer: B. Parameter

1. A sample figure estimates it. 2. It describes the whole group. 3. It is a parameter. _Source: OpenStax Introductory Business Statistics 2e, Chapter 1, Sampling and Data._

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How accurately a sample figure estimates the population figure depends on how well the sample:

  1. Represents the population
  2. Repays the participants
  3. Reports the auditors
  4. Replaces the records
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Correct answer: A. Represents the population

1. The characteristics must match. 2. A poor sample gives a poor estimate. 3. It depends on how well it represents the population. _Source: OpenStax Introductory Business Statistics 2e, Chapter 1, Sampling and Data._

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How to practise

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  2. Open the question to check the correct answer and read its worked solution.
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