4 Questions
Define statistics and write down its scope and limitations.
Statistics is the study of collecting, organizing, analyzing, interpreting, and presenting data. Its scope includes various fields such as business, economics, and social sciences. However, statistics has limitations as it can only provide information based on the data collected and cannot establish causation.
What is statistical survey?
Statistical survey is a method of collecting data from a sample of individuals to make inferences about a larger population.
What are different techniques of data collection?
The different techniques of data collection include surveys, experiments, observations, and secondary data analysis.
What is correlation analysis?
Correlation analysis is a statistical technique used to measure the strength and direction of the relationship between two variables.
Test your knowledge of business statistics with this quiz! From defining statistics and understanding its scope and limitations to exploring different data collection techniques, this quiz covers a wide range of topics. Dive into short notes on mean, median, mode, range, quartile deviation, mean deviation, and standard deviation. Put your knowledge to the test and see how well you understand correlation.
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