Tag: introduction to statistical method and econometrics

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Questions Related to introduction to statistical method and econometrics

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

In which of the following cases is direct personal observation method adopted?

  1. Where greater accuracy is needed .

  2. When the field is an complex one

  3. When intensive study is needed

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Direct personal observation is the method adopted so that an intensive study of the population can be done. Direct observation helps in getting accurate results as their behaviour can be easily ascertained.

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

The techniques of census investigation is advocated by its users because of _________________.

  1. intensive study i.e. It enables to study more than one aspect of each item of population

  2. reliability of data

  3. suitable choice in the situations when different items of population are not homogeneous

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Census investigation refers to the examining the whole population. It involves complete count. The technique of census investigation is advocated by its users because of the following reasons-
a) intensive study i.e. It enables to study more than one aspect of each item of population
b) reliability of data
c) suitable choice in the situations when different items of population are not homogeneous
Multiple choice maths frequency distribution tables and graphs introduction to statistics introduction to statistical method and econometrics partition values

The amount of non-responses is maximum in ___________________.

  1. mailed questionnaire method

  2. observation method

  3. interview method

  4. All of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under mailed questionnaire method, a well designed questionnaire is mailed to the informants with a request to fill it up and return the same within the specific time schedule. By this method, a wide range of people can be connected. The amount of non-responses is maximum in maid questionnaire method as most people are reluctant to answer the questions which are mailed.

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

By the $18^{th}$ century, the term ______ designated the systematic collection of demographic and economic data by states.

  1. statistics

  2. probability

  3. mensuration

  4. trigonometry
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

By the $18^{th}$ century, the term statistics designated the systematic collection of demographic and economic data by states.

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

At the beginning of the $20^{th}$ century, who developed the methods for decision making based on small set of data?

  1. Gottfried Achenwall

  2. William S Gosset

  3. W. Hooper

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

At the beginning of the $20^{th}$ century, William S Gosset has developed the methods for decision making based on small set of data.he has developed t-distribution theory.