Here are some basic statistics multiple-choice questions suitable for an

MBA graduate:

Question 1: Mean Calculation

The salaries (in $000) of five employees in a firm are: 50, 60, 70, 80, and
90. What is the mean salary?
A) 70
B) 75
C) 80
D) 85

Question 2: Standard Deviation

Which of the following best describes standard deviation?

A) The difference between the highest and lowest values in a dataset.
B) The average of the absolute differences from the mean.
C) A measure of how spread out the values are from the mean.
D) The median of the dataset.

Question 3: Probability

If a die is rolled once, what is the probability of rolling a number greater

than 4?
A) 1/6
B) 1/3
C) 1/2
D) 2/3

Question 4: Regression Analysis

In a simple linear regression equation, Y=a+bXY = a + bX, what does bb

represent?
A) The intercept of the regression line.
B) The slope of the regression line.
C) The predicted value of YY.
D) The error term.

Question 5: Hypothesis Testing

If the p-value in a hypothesis test is 0.03 and the significance level (α\
alpha) is 0.05, what should you do?
A) Fail to reject the null hypothesis.
B) Reject the null hypothesis.
C) Increase the sample size.
D) Redesign the test.

Question 6: Correlation Coefficient

The correlation coefficient between two variables is -0.85. What does this
indicate?
A) A weak positive relationship between the variables.
B) A strong positive relationship between the variables.
C) A weak negative relationship between the variables.
D) A strong negative relationship between the variables.

Let me know if you'd like explanations for these answers or have specific
areas in mind!

Here’s a set of multiple-choice questions covering standard deviation,

regression, correlation, ANOVA, hypothesis testing, probability,
binomial, exponential, and Poisson distributions:

Standard Deviation

1. Which statement is true about standard deviation?

A) It is always positive.
B) It is unaffected by outliers.
C) It measures the median of the dataset.
D) It is a measure of central tendency.

2. If all values in a dataset are increased by 10, the standard

deviation will:
A) Increase by 10
B) Decrease by 10
C) Remain the same
D) Double

Regression
 3. In simple linear regression, if the coefficient bb is negative,
what does it imply?
A) As XX increases, YY also increases.
B) As XX increases, YY decreases.
C) XX and YY are uncorrelated.
D) YY is independent of XX.

4. Which of the following is an assumption of linear regression?

A) The residuals are normally distributed.
B) The dependent variable is categorical.
C) The independent variables are highly correlated.
D) The model works only with large datasets.

Correlation

5. A correlation coefficient of r=0r = 0 indicates:

A) No relationship between the variables.
B) A weak positive relationship.
C) A weak negative relationship.
D) A non-linear relationship.

6. Which of the following best explains a strong positive

correlation?
A) One variable causes the other.
B) Both variables move in the same direction.
C) Both variables have the same mean.
D) The variables are independent.

ANOVA

7. What is the purpose of ANOVA?

A) To compare the means of two populations.
B) To compare the variances of two populations.
C) To compare the means of three or more groups.
D) To test for correlation between variables.

8. In a one-way ANOVA, the F-statistic is:

A) The ratio of the between-group variance to the within-group
variance.
B) The ratio of the within-group variance to the total variance.
C) Always equal to 1.
D) Used only for two groups.
Hypothesis Testing

9. If the p-value is greater than the significance level (α\alpha),

you should:
A) Accept the null hypothesis.
B) Reject the null hypothesis.
C) Fail to reject the null hypothesis.
D) Increase the sample size.

10. A Type I error occurs when:

A) A true null hypothesis is rejected.
B) A false null hypothesis is not rejected.
C) A test statistic is incorrectly calculated.
D) A sample size is too small.

Probability

11. If two events are independent, the probability of both

occurring is given by:
A) P(A)+P(B)P(A) + P(B)
B) P(A)×P(B)P(A) \times P(B)
C) P(A)/P(B)P(A) / P(B)
D) P(A∪B)P(A \cup B).

12. Which of the following statements is true for a

probability distribution?
A) The probabilities sum to less than 1.
B) The probabilities can be negative.
C) The probabilities sum to 1.
D) All events must have equal probabilities.

Binomial Distribution

13. In a binomial distribution, the mean is given by:

A) n⋅p⋅(1−p)n \cdot p \cdot (1-p)
B) n⋅pn \cdot p
C) n⋅p⋅(1−p)\sqrt{n \cdot p \cdot (1-p)}
D) p/np / n.

14. A binomial experiment has:

A) A variable number of trials.
 B) At least three outcomes for each trial.
C) Independent trials with only two possible outcomes.
D) A dependent set of outcomes.

Exponential Distribution

15. The exponential distribution is commonly used to

model:
A) The number of successes in a fixed number of trials.
B) The time between events in a Poisson process.
C) The spread of data around the mean.
D) The probability of two independent events.

16. The mean of an exponential distribution is:

A) λ\lambda
B) 1/λ1 / \lambda
C) λ2\lambda^2
D) λ\sqrt{\lambda}.

Poisson Distribution

17. The Poisson distribution is used to model:

A) The probability of success in a single trial.
B) The probability of a fixed number of events in a fixed interval.
C) The probability of events that are dependent on each other.
D) The spread of continuous data.

18. In a Poisson distribution, the mean and variance are:

A) Equal
B) Unequal but proportional
C) Both zero
D) Independent of each other.

Here are the answers to the multiple-choice questions:

Standard Deviation

1. A) It is always positive.

2. C) Remain the same.

Regression

3. B) As XX increases, YY decreases.

4. A) The residuals are normally distributed.

Correlation

5. A) No relationship between the variables.

6. B) Both variables move in the same direction.

ANOVA

7. C) To compare the means of three or more groups.

8. A) The ratio of the between-group variance to the within-group

variance.

Hypothesis Testing

9. C) Fail to reject the null hypothesis.

10. A) A true null hypothesis is rejected.

Probability

11. B) P(A)×P(B)P(A) \times P(B).

12. C) The probabilities sum to 1.

Binomial Distribution

13. B) n⋅pn \cdot p.

14. C) Independent trials with only two possible outcomes.

Exponential Distribution

15. B) The time between events in a Poisson process.

16. B) 1/λ1 / \lambda.

Poisson Distribution

17. B) The probability of a fixed number of events in a fixed

interval.

18. A) Equal.

Here are multiple-choice questions with answers for Transportation

Problem, Assignment Problem, Sensitivity Analysis in Simplex
Method, Game Theory, Queuing Theory, and Methods of Solving
Linear Programming Problems (LPP):

Transportation Problem

1. What is the main objective of the transportation problem?

A) Minimize the total transportation cost.
B) Maximize the number of goods transported.
C) Minimize transportation time.
D) Balance supply and demand.
Answer: A) Minimize the total transportation cost.

2. If total supply equals total demand in a transportation

problem, the problem is called:
A) Unbalanced
B) Balanced
C) Degenerate
D) Feasible
Answer: B) Balanced.

3. Which method is commonly used to find the initial basic

feasible solution of a transportation problem?
A) Simplex method
B) North-West Corner Rule
C) Hungarian method
D) Dual simplex
Answer: B) North-West Corner Rule.

Assignment Problem

4. The assignment problem is a special case of which type of

linear programming problem?
A) Transportation problem
 B) Queuing problem
C) Two-person zero-sum game
D) Shortest-path problem
Answer: A) Transportation problem.

5. The Hungarian method is used to solve:

A) Transportation problems
B) Assignment problems
C) Game theory problems
D) Queuing problems
Answer: B) Assignment problems.

6. In an assignment problem, the cost matrix must be:

A) Rectangular
B) Square
C) Triangular
D) Symmetric
Answer: B) Square.

Sensitivity Analysis in Simplex Method

7. Sensitivity analysis in simplex method helps to:

A) Optimize the solution.
B) Analyze changes in objective function coefficients.
C) Solve unbounded problems.
D) Create an initial feasible solution.
Answer: B) Analyze changes in objective function coefficients.

8. In sensitivity analysis, a shadow price represents:

A) The profit contribution of a variable.
B) The rate of change in the objective function per unit increase in a
constraint's right-hand side.
C) The optimal solution of the problem.
D) The feasibility of the solution.
Answer: B) The rate of change in the objective function per unit
increase in a constraint's right-hand side.

9. Which tool is commonly used to conduct sensitivity analysis

in linear programming?
A) Transportation tableau
B) Dual simplex method
C) Solver software
D) Monte Carlo simulation
Answer: C) Solver software.
Game Theory

10. A two-person zero-sum game assumes:

A) The total gains equal the total losses.
B) Both players aim to maximize their gains.
C) The game has no equilibrium point.
D) The game must involve more than two players.
Answer: A) The total gains equal the total losses.

11. What is the saddle point in game theory?

A) A point where both players’ strategies overlap.
B) The optimal strategy for both players.
C) The maximum payoff for one player.
D) The minimum payoff for both players.
Answer: B) The optimal strategy for both players.

12. Which method is used to solve a game theory problem

with a 2x2 matrix?
A) Hungarian method
B) Graphical method
C) Minimax method
D) Simplex method
Answer: C) Minimax method.

Queuing Theory

13. In queuing theory, the term "arrival rate" refers to:

A) The number of customers served per unit of time.
B) The average time a customer spends in the queue.
C) The number of customers arriving per unit of time.
D) The total service time per customer.
Answer: C) The number of customers arriving per unit of time.

14. Which distribution is typically used to model arrival

times in queuing theory?
A) Binomial distribution
B) Poisson distribution
C) Normal distribution
D) Uniform distribution
Answer: B) Poisson distribution.

15. In an M/M/1 queuing system, the "1" refers to:

A) One customer at a time in the system.
B) One server.
 C) One queue.
D) One arrival every unit of time.
Answer: B) One server.

Methods of Solving LPP

16. Which of the following is NOT a method to solve linear

programming problems?
A) Simplex method
B) Graphical method
C) Hungarian method
D) Big-M method
Answer: C) Hungarian method.

17. The graphical method is applicable for solving LPP

when:
A) There are two or more constraints.
B) There are exactly two decision variables.
C) The problem is non-linear.
D) The number of variables exceeds three.
Answer: B) There are exactly two decision variables.

18. What is the primary goal of the simplex method?

A) Minimize total cost.
B) Maximize or minimize the objective function while satisfying all
constraints.
C) Test feasibility of solutions.
D) Optimize only linear constraints.
Answer: B) Maximize or minimize the objective function while
satisfying all constraints.

Here are some words related to MBA that can be depicted in pictures:

1. Leadership – A person giving a presentation to a group.

2. Strategy – A chessboard or a roadmap.

3. Finance – Stacks of coins, financial graphs, or calculators.

4. Marketing – A megaphone or social media icons.

5. Innovation – A light bulb or gears turning.

6. Networking – People shaking hands or a web of connected dots.

7. Teamwork – A group of people working together around a table.

 8. Business – A skyscraper or office setting.

9. Global – A globe with arrows or diverse people around it.

10. Analytics – Data charts, bar graphs, or pie charts.

11. Growth – An upward-pointing graph or a growing plant.

12. Decision-making – A person at a crossroads or flowcharts.

13. Operations – A factory or a supply chain diagram.

14. Entrepreneurship – A startup launch or a rocket taking off.

15. Leadership – A figure standing out in a crowd or a leader with

a team following.

Here are words related to Operations, Analytics, and Statistics that

can be depicted in pictures:

Operations

1. Supply Chain – A chain of boxes or vehicles in transit.

2. Manufacturing – Assembly lines or robotic arms.

3. Logistics – Trucks, warehouses, and delivery routes.

4. Inventory – Shelves stacked with goods or stock sheets.

5. Process Flow – Flowcharts or conveyor belts.

6. Optimization – Gears turning smoothly or a puzzle being solved.

7. Lean Management – A streamlined pipeline or waste being

reduced.

8. Resource Allocation – Distribution of resources or team planning

boards.

9. Quality Control – A magnifying glass inspecting products.

10. Production – Workers in a factory or products being

assembled.

Analytics

1. Big Data – Servers or streams of data.

2. Trends – A graph with an upward or downward trend.

 3. Data Visualization – Bar charts, pie charts, and dashboards.

4. Machine Learning – A brain-shaped diagram with network nodes.

5. Insights – A magnifying glass over data or a glowing bulb.

6. Predictive Modeling – A crystal ball with data patterns.

7. Algorithms – Flowcharts or code lines.

8. Dashboards – A computer screen with multiple graphs.

9. KPIs (Key Performance Indicators) – Scorecards or progress

bars.

10. Patterns – A heat map or clusters of dots on a scatterplot.

Statistics

1. Probability – A dice, coin flips, or percentage symbols.

2. Distributions – Bell curves or histograms.

3. Mean, Median, Mode – A line graph highlighting central values.

4. Correlation – A scatterplot with a clear trendline.

5. Standard Deviation – A curve with shaded areas representing

deviation.

6. Regression – A line of best fit on a scatterplot.

7. Sampling – A group of data points being selected.

8. Hypothesis Testing – Two bell curves with overlapping areas.

9. Outliers – Data points outside the main cluster.

10. Chi-Square Test – A grid or contingency table with observed

vs. expected values.

Would you like to visualize any specific word from these categories? 😊