## Merits and Demerits of Geometric Mean.

Merits of Geometric Mean It is rigidly defined.It is based on all the items.It is capable of further algebraic treatment.It gives less weight to large ...

## What is Scatter Diagram, and how is it useful in the study of Correlation?

Scatter Diagram The esistence of correlation can be shown graphically by means of a scatter diagram Statistical data relating to simultaneous ...

## What are the various Tests of Adequacy of Index Number Formula?

List of various Tests of Adequacy of Index Number Formula Are: Unit TestTime Reversal TestFactor Reversal TestCircular Test Unit Test:  This test ...

## What are the Requisites of a Good Average?

Requisites of a good average are as follows: It should be simple to compute.It should be easy to understand.It should be rigidly defined.It should be ...

## Write a short notes on Deflating and Splicing.

Deflating:  One of the most useful application of price indices is to adjust series of rupee figures for changes in level of prices. This is known as ...

## Explain the various Types of Measures of Dispersion.

There are two types of measures of dispersion: Absolute measures of dispersionRelative measures of dispersion. Absolute measures of dispersion:  ...

## Explain the various Problems in Construction of Price Index Numbers.

Problems in the Construction of Index Numbers: Selecting the purpose of the index number: There cannot be any all-purpose index. For example, if an ...

## Explain the term, Mid value, Open End Classes and Cumulative Frequency Distribution.

Mid -value: It is the average of the lower limit and the upper limit of a class.Example: Lower limit of the first class is 0 and the upper ...

## Explain the Concept and Uses of False Base Line.

False Base Line is a device relating to graphical presentation. This line is used to break the continuity of Y-axis with the origin. A false base line is used ...

## Discuss various Function of Statistics.

Functions of Statistics: Statistics presents facts in a definite and precise form: Statistics presents statements of facts in a precise quantitative and ...

## Define the Term Statistics.

The term statistics has been defined in singular sense as well as plural sense. Statistics in Singular Sense:  In singular sense, the term ...

## Define Index Number. Why is an Index Number called a Specialized Type of Average?

An index number can be called as a device which measures the relative change in the level of a phenomenon with respect to time, geographical location or some ... • Total (0)
0