Meaning of Statistical Enquiry

Statistical Enquiry

Statistical enquiry means statistical examination, the person who conducts an investigation is referred to an investigator, the investigator requires the help of enumerator who gathers data and respondent who gives information for statistical examination.

What is the Collection of Data?

Data collection is the systematic way of collecting and measuring data from different sources to get a comprehensive and detailed portrayal of an area of interest. Data collection allows a person or company to answer as well as explain pertinent questions, assess results and make forecasts about future possibilities and trends.

Accurate data collection is crucial to maintaining the uprightness of research, making versed business choices and guaranteeing quality assurance.

Sources of Data

Statistical data can be collected from 2 sources. The researcher may accumulate the data by conducting an enquiry. Namely,

  1. Primary Data
  2. Secondary Data

What is Statistical Enquiry?

Statistical enquiry
  • Statistical enquiry means the search for truth by using statistical methods.
  • It is an investigation on a topic wherein relevant quantitative information is collected
  • Its purpose is to collect evidence for reaching a sound and clear solution to a problem.
  • For example, Gathering information about how many students have cleared entrance exam of MBA and how are have not cleared the exam.
Collection of data, different sources of data
Answer:
(A) Collection of data
  • Collection of data is the first step of statistical investigation.
  • It involves gathering information to be analyzed for a specific purpose.
(B) Sources of data
  • Following are the two sources of data:
  1. Internal Source.
  2. External Source.
(1) Internal source
  • When data are collected from reports and records of the organization itself, it is known as the internal source.
  • For example, a company publishes its ‘Annual Report’ on Profit and Loss, Total Sales, Loans, Wages, etc.
(2) External source
  • When data are collected from outside the organization, it is known as an external source.
  • For example, if a Tour and Travels Company obtains information on ‘UP Tourism’ from Uttar Pradesh Transport Corporation, it would be known as external sources of data.
Multiple choice questions:
Q.1- What are the sources of data?
a. Internal source

b. External source

c. Both (a) and (b)

d. None of the above

Q.2 __________ is the first step of investigating data.
a. Interpretation of Data

b. Collection of Data

c. Organizing of Data

d. Presentation of Data

Q.3 Annual report on Profit and loss account is a __________ source of collecting data
a. Internal source

b. External source

c. Both (a) and (b)

d. None of the above

Answer key
1-c, 2-b, 3-a

The above-mentioned concept is for CBSE class 11 Statistics for Economics – Meaning of Statistical Enquiry, Meaning of Collection of Data and Sources of Data. For solutions and class 11 Statistics for Economics syllabus, visit BYJU’S or download the app for more information and the best learning experience.

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