The table below shows the hypothetical data of annual profit of small scale firms in Karnataka- Identify the type of classification of this data- - Annual profit No- of firms- In rupees - 0 - 1-00-000 5- 1-00-000 - 2-00-000 100- 2-00-000 - 3-00-000 1500- 3-00-000 - 4-00-000 700- 4-00-000 - 5-00-000 500- -

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Classification and Its Types

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Question

The table below shows the hypothetical data of annual profit of small scale firms in Karnataka. Identify the type of classification of this data.

$\begin{matrix} A n n u a l p r o f i t & N o . o f f i r m s (I n r u p e e s) 0 - 1, 00, 000 & 5 1, 00, 000 - 2, 00, 000 & 100 2, 00, 000 - 3, 00, 000 & 1500 3, 00, 000 - 4, 00, 000 & 700 4, 00, 000 - 5, 00, 000 & 500 \end{matrix}$

Chronological

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Qualitative

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Spatial

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Quantitative

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Solution

The correct option is D Quantitative
The given data is classified based on annual profit. Profit is a quantitative attribute as it can be measured. Hence the given data is a quantitative classification.

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The table below shows the hypothetical data of annual profit of small scale firms in Karnataka. Identify the type of classification of this data. Annual profitNo. of firms(In rupees)0−1,00,00051,00,000−2,00,0001002,00,000−3,00,00015003,00,000−4,00,0007004,00,000−5,00,000500

The correct option is D QuantitativeThe given data is classified based on annual profit. Profit is a quantitative attribute as it can be measured. Hence the given data is a quantitative classification.

The correct option is D Quantitative
The given data is classified based on annual profit. Profit is a quantitative attribute as it can be measured. Hence the given data is a quantitative classification.