Q. Bank final
Q. Bank final
11. What do you mean by rounding off or approximation of data? Discuss various rules of
rounding off of data.
13. Discuss briefly the various types of diagrams. What points should be taken into consideration
while presenting the data diagrammatically?
24. What are merits and demerits of median? Write different formulas used for calculation of
median.
1. Features of Statistics:
1. Aggregates of Facts – Statistics deal with a collection of numerical data, not individual
figures.
2. Expressed in Numerical Terms – Statistical data is always quantitative.
3. Affected by Multiple Causes – Data varies due to multiple influencing factors.
4. Collected for a Pre-determined Purpose – Data is gathered with a specific objective in
mind.
5. Comparative in Nature – Statistical data allows for analysis through comparison.
1. Business and Economics – Used for market analysis, demand forecasting, etc.
2. Social Sciences – Helps in studying population trends and behaviors.
Scope:
o Business, Economics, Social Sciences, Medical Research, Engineering, etc.
Limitations:
o Cannot study qualitative data, results are approximations, and interpretation
varies.
5. Nature of Statistics:
1. Descriptive Nature – Deals with summarizing and presenting data.
2. Inferential Nature – Involves making predictions based on samples.
8. Statistical Errors:
1. Bar Diagrams
2. Pie Charts
3. Histograms
4. Line Graphs
5. Scatter Diagrams
Considerations: Proper scale, title, labeling, and clarity.
1. Summarization of Data
2. Facilitates Comparison
1. Simplification of Data
2. Better Analysis & Comparison
1. Collection of Data
2. Classification & Sorting
3. Designing a Table
4. Data Entry & Presentation
1. Line Graph
2. Bar Graph
3. Pie Chart
4. Histogram
1. Qualitative Classification
2. Quantitative Classification
3. Geographical Classification
4. Chronological Classification
Measure of dispersion that shows how much values deviate from the mean.
1. Find mean
2. Subtract mean from each value
3. Square the differences
4. Find the average of squared differences
5. Take the square root
1. Find mean/median.
2. Calculate absolute deviations.
3. Find mean of deviations.