Tag: ict, investigations and problem solving-1

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Questions Related to ict, investigations and problem solving-1

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

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

  1. statistics

  2. data

  3. ration

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

Statistics involves the collection, analysis, and interpretation of numerical data. Comparability is a fundamental attribute required to make numerical facts meaningful and useful for statistical analysis.

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

As per the law of statistics given by king _________________.

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

King's law of statistics emphasizes that a sample chosen from a large group will reflect the characteristics of the group, and this law becomes more reliable as the size of the group increases.

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

"Statistics refers to the classified facts representing the conditions of the people in the State, especially those facts which can be stated in numbers or in tables of numbers or in any tabular classified arrangement".

This definition of statistics was given by _____________.

  1. Bowley

  2. Wappans

  3. Prof. Horace Secrist

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

According to Webster,  "Statistics refers to the classified facts representing the conditions of the people in the State, especially those facts which can be stated in numbers or in tables of numbers or in any tabular classified arrangement"

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

In ancient days, the word statistics was used only for facts and figures required by the state for its official use and was known as ___________.

  1. the science of king

  2. the science of state craft

  3. political arithmetic

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

Statistic has been called "science of king" as in ancient times it was mainly used by kings to collect information about their kingdom and the people in it (similar to the government today). This is why its also called "political arithmetic" or "the science of state craft" as politicians may use it as a powerful tool to gain popularity among the public (by boasting about high economic growth or low unemployment and inflation rates) and thus get votes to remain in power. 

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

Secondary data in statistics is the data collected from :

  1. Primary sources

  2. Secondary sources

  3. Both

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

Data is classified as both primary and the secondary data.


Primary data is the data which is collected for the first time.
Secondary data is the data which are collected by someone else (secondary sources) and passed through the statistical process.