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Foundation PN-3 FBMS Quiz 7

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Created on By CA Sonal Saboo

CMA Foundation

Foundation FBMS PN-3 Quiz 7

This quiz is based on the CMA Fundamentals of Business Mathematics and Statistics  paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA FBMS concepts.

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Category: Fundamental of Business Mathematics and Statistics PN-3

1. If p: q are the odds in favour of an event, then the probability of that event is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

2. Sum of probability of an event A and its complement is  

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Category: Fundamental of Business Mathematics and Statistics PN-3

3. If an unbiased coin is tossed once, then the two events head and tall are:

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Category: Fundamental of Business Mathematics and Statistics PN-3

4. A survey by Air travelers’ association revealed that 60% of its member made airline reservations last year. Two members are selected at random. The probability that both the members made airline reservations last year is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

5. When two events happen simultaneously which of the following is true?

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Category: Fundamental of Business Mathematics and Statistics PN-3

6. In IPL Kolkata Knight Riders plays 70% of their games at night (8 O’clock slot) and 30% during the day (4 O clock slot). The team wins 50% of their night games and 90% of their day games. According to today’s newspaper they own yesterday. The probability that the game was played at night is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

7. If P (A ) = 0.3,P(B) = 0.2 and P (C )= 0.1, then assuming A,B and C are independent events, the probability of occurrence of at least one of the three events is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

8. A lot contains 10 items of which 3 are defective. Three items are chosen from the lot at random one after another without replacement. The probability that all the three are defective is

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Category: Fundamental of Business Mathematics and Statistics PN-3

9. The probability that a leap year selected at random contain 53 Sundays is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

10. If two unbiased coins are tossed once, the probability of getting both the heads is

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Category: Fundamental of Business Mathematics and Statistics PN-3

11. Addition rule for mutually exclusive events A & B is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

12. Classical probability is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

13. If an experiment has a set of events that includes every possible outcomes, then the set is called :

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Category: Fundamental of Business Mathematics and Statistics PN-3

14. Classical probability is based on the assumption that :

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Category: Fundamental of Business Mathematics and Statistics PN-3

15. For an event Odds in favour are “five to two” This means that :

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Category: Fundamental of Business Mathematics and Statistics PN-3

16. “Sun will disappear from blue sky today forever”. With our available information & belief which one of the following value is most appropriate as probability to this event?

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Category: Fundamental of Business Mathematics and Statistics PN-3

17. The probability of two events A and B are 0.05 and 0.95 respectively. We can infer that

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Category: Fundamental of Business Mathematics and Statistics PN-3

18. In general probability is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

19. Probability theory is often referred to as :

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Category: Fundamental of Business Mathematics and Statistics PN-3

20. In a bivariate analysis if two regression equations are 8x – 10y + 66 = 0 & 40x – 18y – 214 = 0. Then x , y, the mean of the series ˉx & ¯y care respectively :

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Category: Fundamental of Business Mathematics and Statistics PN-3

21. In a bivariate analysis if two regression equations are mx – y + 10 = 0 & – 2x + 5y = 14. If coefficient of correlation 1 between x & y is 1/√10 then value of m is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

22. Consider the following results: N = 6, Σy = 42, Σy2 = 318, byx =−11/34, Σx2 −1/n(Σx)2 = 34 Then bxy is

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Category: Fundamental of Business Mathematics and Statistics PN-3

23. In a bivariate regression analysis for dependent variable if d = Actual value – Predicted value  then at different values of independent variable

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Category: Fundamental of Business Mathematics and Statistics PN-3

24. Consider  the  following  results: N = 12, Σdx = 0, Σdy = 4, Σdx2 = 1344, Σdy2 = 215, Σdxdy = – 4360 Appropriate regression coefficient is -

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Category: Fundamental of Business Mathematics and Statistics PN-3

25. In a bivariate regression analysis, the difference between actual value of dependent variable and the predicted value of the dependent variable is called

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