## Short Answer Questions for Business Statistics I.Com Part 2

What is Historigram? | ||

Give two disadvantages of A.M | ||

Give two properties of A.M | ||

What is an index number? | ||

What is price index number? | ||

Define link relatives | ||

Define sample space | ||

What is parameter? | ||

Name different averages and define one of them | ||

What is data? | ||

Write any two qualities of a good average | ||

Define a multiple bar diagram | ||

What is meant by class boundaries? | ||

Define frequency polygon | ||

Define conditional probability | ||

What do you understand by Random Experiment? | ||

What is meant by Mutually Exclusive Events? | ||

What is Inferential Statistics? | ||

Define discrete variable and continuous variable | ||

What is constant and variable? | ||

Name the methods used for collection of primary data | ||

What do you understand by the term classification? | ||

Define class interval | ||

Name the types of graphs | ||

Write two merits of median | ||

Define composite index number | ||

Define chain base method | ||

Define weighted index number | ||

Define equally likely events probability | ||

Define population and sample | ||

What is descriptive statistics? | ||

What is secondary data? | ||

Give two sources of secondary data | ||

Name two parts of statistical table | ||

What is a relative frequency distribution? | ||

Define independent event | ||

Give the two characteristics of statistics | ||

Define statistics | ||

What is meant by tabulation? | ||

Write the two demerits of median | ||

Define fixed base method | ||

Define consumer price index or simple index | ||

Define exhaustive events | ||

What are the types of data? | ||

What are advantages of diagrams? | ||

Difference between grouped and ungrouped data? | ||

Describe the most types of index no used | ||

Define price index no | ||

Describe two limitations of statistics | ||

What is quantitative variable? | ||

What is measure of central tendency? | ||

What is modal class? | ||

What is the base period? | ||

What are the limitations of index numbers? | ||

What are the two branches of statistics? | ||

Define price relative | ||

What do you mean by statistical method? | ||

What is pie-chart? | ||

Define bi-modal distribution | ||

What is an empty set? | ||

What is Probability? | ||

Define class mark | ||

What do you understand by change of origin? | ||

Write the formula given by Fisher | ||

Given Ept,q. = 1356, Epoqn = 1600 then find current year weighted index | ||

For a certain frequency distribution, the value of Mean is 15 Median is 20. What will be value of Mode? | ||

Define addition law for not mutually exclusive events | ||

What are the two sources of statistical data? | ||

The mean is affected by change of origin and scale. Explain | ||

A curve whose tail is longer to be right, what you would call it | ||

Find out the missing value; (i) Mode = 3 median – ? mean (ii) Median= ? | ||

What is presentation? | ||

What are different methods of representation of data? |

Thank you for helping students

the presentation is really bad.

are you promoting education or more concerned about your views.

with all those clicks.

its more annoying.

Sir first of all than you so much for making such helpful notes. But there are no answer given after the question”define probability”. Kindly write answers for the next question. May god bless you

This is very good way to get the most important things about statistics …

i want to know about this with explain words

Pura sall kya kar raha

i want to know … “what is primary data ???

Data observed or collected directly from first-hand experience. Published data and the data collected in the past or other parties is called secondary data.

if u want to know primary data then open statistics book

Hello

I want to know that what is singleton?

I know the answer of this question!

The set which have only one element is called singleton set.

A set which contains only 1 variable is known as Singleton set ðŸ™‚