6 Questions
Which of the following is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data?
Statistics
What is the main purpose of statistics?
To analyze and interpret data
Which of the following is NOT a common statistical measure?
Magnitude
Which of the following is NOT a type of account in class 11th?
All of the above are types of accounts in class 11th
What is the main purpose of studying accounts in class 11th?
To understand the financial transactions of businesses
Which of the following is NOT a characteristic of a nominal account in class 11th?
It is a permanent account
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
Test your knowledge of statistics with this quiz! Explore the branch of mathematics that focuses on data collection, analysis, and interpretation. Learn about the main purpose of statistics and identify common statistical measures. Challenge yourself now!
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