• Mb0040
    neighbourhoods, would this a random sample? [5 Marks] 2. a) Explain the steps involved in planning of a statistical survey? [5 Marks] b) What are the merits & Demerits of Direct personal observation and Indirect Oral Interview? [5 Marks] 3. a) Draw Ogives from the following data and measure the median...
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  • Statistics
    40 25 Income Intervals 2000-2500 2500-3000 3000-3500 3500-4000 No. of Families 25 15 10 5 UNIT-II MEASURES OF CENTRAL TENDENCY: A measure of central tendency or an average is very essential and an important...
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  • Ngf Stats
    = 200 200. 250 B = 600/3 = 200 300. 200 ------ ------ 600. 600 Q.2 Define Mean (X) , State its Merits & Demerits?.[Oct.88, 89,99,90,92, April 91, & 93] Ans. Mean is Defined as under :- “Sum of all observation divided by total number of items”. Formula: - X = 6...
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  • Statestics
    can be found at central part of the range of all values. It is the one which represents the entire data set. Hence, this is called the measure of central tendency. In other words, the tendency of data to cluster around a figure which is in central location is known as central tendency...
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  • evaluation
    /Variability? Out of these which one is the most reliable and why? FOUR WAYS OF FREQUENCY DISTRIBUTIONS 1) Average value or central tendency 2) Scatter of variability 3) Skewness 4) Kurtosis CENTRAL TENDENCY The values or measures which lie or fall in the centre or middle of the distribution or data...
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  • Hello...
    Chapter 2 Measures of central tendency • Different measures of central tendency • Proprties, merits and demerits • Partition Values Average is a single value which represents the whole data. In other words average is a central value of the data. The arithmetic mean, median, or mode are...
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  • Ms-03
    . The environment thus poses, challenge for the management. The managerial efficiency and/or effectiveness is a measure of adaptability to the existing business environment. ==================================================================== 2. What is the exact position of China in so far...
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  • Statistics
    presentation of statistical data. Draft a form of tabulation t show the distribution of population according to i) Community by age, ii) Literacy, iii) Sex, and iv) Marital status. Q.3. Give a brief note of the measures of central tendency together with their merits and Demerits. Which is the best measure...
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  • Test
    ; probability sampling and non-probability sampling. The merits and demerits of each sampling method were explained. We discussed the procedure for determining sample size. We concluded the chapter with the importance of central limit theorem. 7.11 Terminal Questions 1. 2. 3. 4. 5. 6...
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  • Qanttitative Techniques
    1. 2. 3. What is a statistical average? Describe the characteristics of a good statistical average. What are the functions of an average? Discuss the relative merits and demerits of various types of statistical averages. Give the essential requisites of a measure of 'Central Tendency'. Under what...
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  • Ca and Cs with 15 Months Experience with Indis's Leading Pvt Bank and a Wide Exposure to Audit and Taxation
       f    97.50  10 2 2 => S = 0.7500 = 0.866 S is called the Standard Error of the Mean. Standard error helps us in: i. Testing of hypothesis ii. Constructing confidence interval for the statistics iii. Giving reliability measure for the statistic by its reciprocal value Page...
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  • Time Series
    trend. State different methods for determining trend in a time series. What is method of least squares? What is method of moving average? Mention one merit and one demerit of method of least squares. Mention one merit and demerit of method of moving average. What are the methods for determining...
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  • Business Developer Person
    Q1. What are the characteristics of a good measure of central tendency? [5Marks](b) What are the uses of averages? [5 Marks]Answer:a). The characteristics of a good measure of central tendency are: Present mass data in a concise form The mass data is condensed to make the data readable and to...
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  • BALANCE OF PAYMENTS
    advantage. 2. Non monetary measures : Non monetary measures deal with the real sector for correcting disequilibrium in BOP. Following are the important non monetary measures:     (a) Export promotion : To control adverse BOP the country may adopt export promotion measures which are as follows: (i...
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  • Sem I
    statistical methods and concepts, collection of data and comparison cannot be done easily. Statistics helps us to compare data collected from different sources. Grand totals, measures of central tendency, measures of dispersion, graphs and diagrams, coefficient of correlation all provide ample scopes for...
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  • B.C.A.F.Y.-Syllabus.Pdf
    representation of frequency distribution: Histogram, frequency polygon Diagrammatic representation: Simple bar, Subdivided bar, pie diagram. MEASURES OF CENTRAL TENDENCY: 3.1. 3.2. 3.3 Concept of central tendency. Arithmetic mean: Definition for ungrouped and grouped data, merits and demerits. Median...
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  • Question Bank
    Budget g ) Reduction Budget 38. What is Cash Budget? State it functions 39. Explain the concept of Flexible Budget. 40. What is Standard Costing? State its features. Explain its Merits and Demerits. 41. Explain the various Materials Variances. 42. Explain Standard Costing? Explain Material Cost...
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  • Many Habits in Modern Life Adversly Affect the Sense Organs
    able to convey some meaningful conclusion at the first sight. The single value expression or presentation of data is called central value. The values of variable tend to concentrate around the central value, which is also called central tendency. Whatever measure of central tendency is selected to...
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  • Statistics
    at: ii CONTENTS Page 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Definitions, Scope and Limitations Introduction to sampling methods Collection of data, Classification and Tabulation Frequency distribution Diagramatic and graphical representation Measures of Central Tendency Measures of Dispersion...
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  • Studymode.Com
    and secondary data, Collection of data, Classification and tabulation of data, Diagrammatic and graphic representation of data Unit IV: Statistical Analysis of Data Measures of Central Tendency – mean, median, mode and their application in business; Dispersion - measures of dispersion – range...
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