Tag: business economics and quantitative methods

Questions Related to business economics and quantitative methods

"Statistics is an aggregate knowledge brought together for a practical end namely the knowledge of concrete states".This definition of Statistics was given by____.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. Bowley

  2. Wappans

  3. Kendal

  4. Webster

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Correct Option: B
Explanation:

Wappans defined statistics as "Statistics is an aggregate knowledge brought together for a practical end namely the knowledge of concrete states".

" By statistics, we mean quantitative data affected to a marked extent by multiplicity of causes" was stated by____.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. Bowley

  2. Prof.Horace Secrist

  3. Kendal

  4. Webster

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Correct Option: C
Explanation:

Kendall defined statistics as "By statistics, we mean quantitative data affected to a marked extent by multiplicity of causes".

According to _____, " By statistics we mean aggregate of facts affected to marked extent by multiplicity of causes, numerically expressed, enumerated or estimated according to a reasonable standard of accuracy, collected in a systematic manner for a pre-determined purpose and placed in relation to each other".

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. Bowley

  2. Prof.Horace Secrist

  3. Kendal

  4. Webster

Show answer
Correct Option: B
Explanation:

The definition given by Horace Secrist is “Statistics as the aggregate of facts affected to mark extent by the multiplicity of causes, numerically expressed, enumerated or estimated according to a reasonable standard of accuracy, collected in a systematic manner for the predetermined purpose and placed in relation to each other”

According to _____ ," Statistics may be defined as the science of collection, presentation, analysis and interpretation of numerical data."

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. A. L Bowley

  2. Lincon L. Chao

  3. Croxton & Cowden

  4. Selligman

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Correct Option: C
Explanation:

According to, Croxton & Cowden, "Statistics may be defined as the science of collection, presentation, analysis and interpretation of numerical data."

According to Tippet, Statistics is____.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. a science

  2. an art

  3. both a science and an art

  4. social science

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Correct Option: C
Explanation:

The definition given by Tippitt is “Statistics is both a science and an art.” 

According to A.L. Bowley, Statistics may be called as________.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. science of counting

  2. science of averages

  3. science of economic problems

  4. A and B

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Correct Option: D
Explanation:

AL Bowley defines statistics as "Statistics is numerical statement of facts in any development of enquiry placed in relation to each other"

Who has given most acceptable, popular and comprehensive definition of statistics?

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. Bowley

  2. Prof.Horace Secrist

  3. Kendal

  4. Webster

Show answer
Correct Option: B
Explanation:

The definition given by Horace Secrist is “Statistics as the aggregate of facts affected to mark extent by the multiplicity of causes, numerically expressed, enumerated or estimated according to a reasonable standard of accuracy, collected in a systematic manner for the predetermined purpose and placed in relation to each other”

"Statistics are collection of noteworthy facts concerning state both historical and descriptive ". This definition is given by _________.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. Wappans

  2. Gottfried 

  3. Kendal

  4. None of the above

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Correct Option: B
Explanation:
Gottfried Achenwall defined statistics as "Statistics are collection of noteworthy facts concerning state both historical and descriptive".

Comparability is one of the important attributes for the numerical facts to be known as _____________.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. statistics

  2. data

  3. ration

  4. none of the above

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Correct Option: A

As per the law of statistics given by king _________________.

business economics and quantitative methods ict, investigations and problem solving-1 estimating angles terms used in statistics definition, scope, importance and limitation of statistics

  1. if a data is chosen randomly from a large group than that data will invariably show the characteristic of the group.

  2. the law developed by King is more accurate if applied for large group.

  3. data sample which is to be taken for a large group should be systematic so that invariably it shows the characteristic of a large group.

  4. Both A & B

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Correct Option: D