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Questions and Answers
Which of the following is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data?
Which of the following is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data?
- Statistics (correct)
- Geometry
- Algebra
- Calculus
What is the main purpose of statistics?
What is the main purpose of statistics?
- To measure the size of objects
- To solve complex equations
- To predict future events
- To analyze and interpret data (correct)
Which of the following is NOT a common statistical measure?
Which of the following is NOT a common statistical measure?
- Mode
- Magnitude (correct)
- Median
- Mean
Which of the following is NOT a type of account in class 11th?
Which of the following is NOT a type of account in class 11th?
What is the main purpose of studying accounts in class 11th?
What is the main purpose of studying accounts in class 11th?
Which of the following is NOT a characteristic of a nominal account in class 11th?
Which of the following is NOT a characteristic of a nominal account in class 11th?
Flashcards
Statistics
Statistics
A branch of mathematics focused on collecting, analyzing, interpreting, presenting, and organizing data.
The main purpose of statistics
The main purpose of statistics
To gain insights and draw conclusions from data.
Statistical measure
Statistical measure
A measure used to describe and summarize data, such as mean, median, mode, and standard deviation.
Accounts in Class 11th
Accounts in Class 11th
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The main purpose of studying accounts
The main purpose of studying accounts
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Nominal account
Nominal account
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Study Notes
Statistics
- A branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data.
Purpose of Statistics
- To make informed decisions by summarizing and describing data to extract meaningful patterns and trends.
Common Statistical Measures
- Mean
- Median
- Mode
Accounts in Class 11th
- The main purpose of studying accounts is to understand the process of recording, classifying, reporting, and analyzing financial transactions and events of a business.
Types of Accounts
- Real Accounts
- Nominal Accounts
- Personal Accounts
Characteristics of Nominal Accounts
- Related to expenses, losses, incomes, and gains
- Closed at the end of an accounting period
- Balance is transferred to the Profit and Loss Account
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