اردو

Home / Practice / ACCA / Management Accounting / B Data analysis and statistical techniques

B Data analysis and statistical techniques

Written by Mahnoor Sheikh (ACCA)

11 ACCA Management Accounting questions with answers and explanations.

Printable worksheet with answer key

All questions with answers
  1. Which sampling method divides the population into groups and selects from each group in proportion to its size?

    • 1 Quota sampling
    • 2 Stratified sampling
    • 3 Cluster sampling
    • 4 Systematic sampling
    Show answer

    Correct answer: Stratified sampling

    Stratified sampling makes sure each group is represented.

    Report a mistake

  2. 2,000 units cost $9,000 and 4,000 units cost $13,000. Using the high-low method, what is the estimated cost of 3,000 units?

    • 1 $11,000
    • 2 $10,000
    • 3 $13,000
    • 4 $9,000
    Show answer

    Correct answer: $11,000

    Variable cost = 4,000 / 2,000 = $2. Fixed cost = $5,000. Cost of 3,000 units = 5,000 + 6,000 = $11,000.

    Report a mistake

  3. A correlation coefficient of -0.9 indicates:

    • 1 A strong positive relationship
    • 2 A strong negative linear relationship
    • 3 A weak positive relationship
    • 4 No relationship
    Show answer

    Correct answer: A strong negative linear relationship

    A value close to -1 means that as one variable rises the other falls, strongly.

    Report a mistake

  4. A regression gives a coefficient of determination (r squared) of 0.81. What does this mean?

    • 1 The forecast will be 81 percent accurate
    • 2 81 percent of the variation in the dependent variable is explained by the independent variable
    • 3 The correlation coefficient is 0.081
    • 4 The independent variable explains 19 percent of the variation
    Show answer

    Correct answer: 81 percent of the variation in the dependent variable is explained by the independent variable

    r squared is the proportion of variation explained.

    Report a mistake

  5. A regression line is y = 12 + 1.3x. What is the forecast for x = 60?

    • 1 93
    • 2 73
    • 3 78
    • 4 90
    Show answer

    Correct answer: 90

    y = 12 + (1.3 x 60) = 90.

    Report a mistake

  6. Monthly sales are 12, 15, 18, 15 and 21 units. What is the second three-month moving average?

    • 1 18
    • 2 16
    • 3 17
    • 4 15
    Show answer

    Correct answer: 16

    The averages are (12+15+18)/3 = 15, (15+18+15)/3 = 16 and (18+15+21)/3 = 18.

    Report a mistake

  7. The trend value for a quarter is 400 units and the additive seasonal variation is -30. What is the forecast?

    • 1 400 units
    • 2 12,000 units
    • 3 370 units
    • 4 430 units
    Show answer

    Correct answer: 370 units

    Additive: trend plus the variation, 400 - 30 = 370.

    Report a mistake

  8. A Laspeyres price index uses weights based on:

    • 1 Base period quantities
    • 2 Current period quantities
    • 3 An average of both periods
    • 4 Prices only, with no quantities
    Show answer

    Correct answer: Base period quantities

    Laspeyres uses base period quantities and Paasche uses current period quantities.

    Report a mistake

  9. There is a 30 percent chance of $40,000, a 50 percent chance of $60,000 and a 20 percent chance of $100,000. What is the expected value?

    • 1 $60,000
    • 2 $66,667
    • 3 $200,000
    • 4 $62,000
    Show answer

    Correct answer: $62,000

    0.3 x 40,000 + 0.5 x 60,000 + 0.2 x 100,000 = 62,000.

    Report a mistake

  10. The standard deviation of a data set is 12 and the mean is 60. What is the coefficient of variation?

    • 1 0.2%
    • 2 20%
    • 3 5%
    • 4 72%
    Show answer

    Correct answer: 20%

    Coefficient of variation = standard deviation / mean = 12 / 60.

    Report a mistake

  11. Which of the five characteristics of big data describes the speed at which data is generated?

    • 1 Variety
    • 2 Veracity
    • 3 Volume
    • 4 Velocity
    Show answer

    Correct answer: Velocity

    Velocity is speed, volume is size, variety is the different forms and veracity is accuracy.

    Report a mistake

More Management Accounting topics