Download Business Statistic Exam Past Paper
Why Business Statistics Past Papers Matter
Statistics is a skills-based subject. You cannot master it by reading theory alone — you must practise. Past papers help you develop confidence and fluency in calculations, interpretation, and problem-solving.
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1. Reveal Exam Patterns and Topics
Business Statistics exams commonly repeat themes: descriptive statistics, probability distributions, sampling, regression analysis, and hypothesis testing. By reviewing past papers, you quickly learn what appears most often.
2. Improve Speed and Accuracy
Many students struggle with time management. Past papers help you practise solving questions under exam conditions so you can complete the paper efficiently.
3. Strengthen Problem-Solving Skills
Statistics questions often test your ability to apply formulas and interpret results. Past papers sharpen your ability to recognize what formula to use and how to explain your answer clearly.
4. Build Confidence
Seeing familiar question formats reduces exam anxiety and improves your overall confidence.
FLQ Section: Frequently likely Questions in Business Statistics Exams
Below are common FLQs you are likely to encounter in a Business Statistics exam. These are not copied from specific papers but reflect typical exam trends.
FLQ 1: “Define mean, median, and mode and explain their uses in business decision-making.”
This question tests basic descriptive statistics knowledge.
How to answer:
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Define each measure.
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Explain when each is appropriate (e.g., median for skewed data, mean for normal data).
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Relate to business scenarios like salaries or sales data.
FLQ 2: “Calculate the standard deviation of the following data set and interpret the result.”
Standard deviation frequently appears because it measures variability.
How to answer:
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Apply the SD formula step-by-step.
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Interpret whether the data is consistent or highly spread out.
FLQ 3: “Explain the difference between a population and a sample.”
Fundamental for any statistics exam.
How to answer:
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Define population (whole group) and sample (subset).
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Explain why sampling is used in business research.
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Give practical examples like customer surveys.
FLQ 4: “A company wants to know whether a new marketing strategy has increased sales. Formulate null and alternative hypotheses.”
Hypothesis testing is one of the most examined topics.
How to answer:
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Null hypothesis (H₀): The strategy has no effect.
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Alternative hypothesis (H₁): The strategy increases sales.
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Mention significance level where relevant.
FLQ 5: “Explain the purpose of regression analysis and interpret a regression output.”
Regression helps businesses predict outcomes.
How to answer:
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Define regression.
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Explain dependent and independent variables.
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Interpret slope, intercept, and R² value.
FLQ 6: “Using the data provided, compute the probability of an event and comment on the result.”
Probability is core to Business Statistics.
How to answer:
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Apply probability formula (favourable outcomes ÷ total outcomes).
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Interpret likelihood and implications for business decisions.
How to Use Past Papers Effectively
✔ 1. Practise With a Calculator
Statistics requires fast and accurate calculations. Familiarity with your calculator boosts speed.
✔ 2. Show All Steps
Examiners award marks for method, not just final answers.
✔ 3. Study Marking Schemes
Marking schemes help you understand how to present solutions clearly and earn maximum points.
✔ 4. Focus on Interpretation
Business Statistics isn’t just math — you must interpret results in a business context.
✔ 5. Solve at Least Three Past Papers Before the Exam
This guarantees you’ve seen most question types
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