Tag: introduction to statistical method and econometrics

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Questions Related to introduction to statistical method and econometrics

Multiple choice economics introduction to statistical method and econometrics estimating angles ict, investigations and problem solving-1 terms used in statistics

The statistical data are of two types. These types are

  1. technical data and presentation data

  2. primary data and secondary data

  3. primary data and personal data

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Consider the statically data,

There are two types of statically data,

1-An advantage of using primary data is that researchers are collecting information for the specific purposes of their study. In essence, the questions the researchers ask are tailored to elicit the data that will help them with their study. Researchers collect the data themselves, using surveys, interviews and direct observations.

2-There are several types of secondary data. They can include information from the national population census and other government information collected by Statistics Canada. One type of secondary data that’s used increasingly is administrative data. This term refers to data that is collected routinely as part of the day-to-day operations of an organization, institution or agency. There are any number of examples: motor vehicle registrations, hospital intake and discharge records, workers’ compensation claims records, and more.

Hence this is the answer.

Multiple choice economics introduction to statistical method and econometrics estimating angles ict, investigations and problem solving-1 terms used in statistics

The statistical data are of two types. These types are

  1. technical data and presentation data

  2. primary data and secondary data

  3. primary data and personal data

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The statistical data are two type .These are

1.Primary data-The primary data is the first hand  information that collect and published by the organisation.
2.Secondary Data-The secondary data is the second hand information that is already collected by someone for some purpose. 

Multiple choice economics introduction to statistical method and econometrics estimating angles ict, investigations and problem solving-1 terms used in statistics

Primary data in statistics is the data collected from : 

  1. Primary sources

  2. Secondary sources

  3. Both

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Primary data is data originated for the first time by the researcher through direct efforts and experience.

So it is collected from primary sources.

Multiple choice economics introduction to statistical method and econometrics estimating angles ict, investigations and problem solving-1 terms used in statistics

Identify the two types of the statistical data.

  1. Technical data and presentation data

  2. Primary data and secondary data

  3. Primary data and personal data

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
There are two types of data:-
a) Primary Data: Data extracted by surveying and it is used for that purpose for which surveying is done. 

b) Secondary Data: Data is extracted for another purpose best in using for another purpose. 
Multiple choice economics introduction to statistical method and econometrics introduction to statistics partition values frequency distribution tables and graphs

A branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data is called ______.

  1. mensuration

  2. statistics

  3. set theory

  4. survey
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data is called statistics.

Multiple choice economics introduction to statistical method and econometrics introduction to statistics partition values frequency distribution tables and graphs

_______ are sets of mathematical equations that are used to analyze what is happening in the world around us.

  1. Mensuration

  2. Survey

  3. Set theory

  4. Statistics
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statistics are sets of mathematical equations that are used to analyze what is happening in the world around us.

Multiple choice economics introduction to statistical method and econometrics introduction to statistics partition values frequency distribution tables and graphs

Statistics is the branch of mathematics that deals with the collection, organization, analysis, and interpretation of numerical ____.

  1. variables

  2. constant

  3. functions

  4. data
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statistics is the branch of mathematics that deals with the collection, organization, analysis, and interpretation of numerical data.

Multiple choice economics introduction to statistical method and econometrics introduction to statistics partition values frequency distribution tables and graphs

________ helps in presenting complex data in a suitable tabular, diagrammatic and graphic form for an easy and clear comprehension of the data.

  1. Mensuration

  2. Statistics

  3. Set theory

  4. Survey
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statistics helps in presenting complex data in a suitable tabular, diagrammatic and graphic form for an easy and clear comprehension of the data.