Important Questions with Answers for Use of Statistical Tools which is drafted by expert commerce teachers from the latest version of CBSE (NCERT) books.
Important Questions – Use of Statistical Tools
Question 1
Name five statistical methods that are used in developing a project.
Answer: The five statistical methods in developing a project are as follows:
- Â Â Collection of data
- Â Â Classification of data
- Â Â Presentation of data
- Â Â Analysis of data
- Â Â Interpretation of data
Question 2
What are the steps to prepare a project report on consumer awareness?
Answer: The steps to prepare a project report on consumer awareness are as follows:
- Â Â Designing a questionnaire
- Â Â Framing a sample
- Â Â Collecting data
- Â Â Classifying data
- Â Â Presenting data
- Â Â Analysing data
- Â Â Interpreting data
Question 3
What do you mean by demographics?
Answer: Demographics is a study of the characteristics of the human population, such as growth, size, distribution, density, and vital statistics.
Question 4
Explain demographic structure.
Answer: Demographic structure describes the age distribution of a population or variations in proportions of the population in different age groups from year to year.Â
Question 5
Name the items variables included in the demographic structure.
Answer: The variables included in the demographic structure are as follows:
- Population size
- Density
- Age structure
- Birth rate
- Death Rate
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Also check: Statistics MCQs
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