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_____ is used to find the difference between the largest and smallest value in a given distribution and _____ is the positive square root of the mean of squared deviations.

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Important Questions on Use of Statistical Tools

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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the first step in designing a project?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the purpose of a bibliography in a project report?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Why might sampling be used in data collection?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
How can you ensure that your questionnaire is effective?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Why is it important to identify the problem or area of study?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Which of the following is an example of a qualitative variable?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Why is it important to choose a target group?
HARD
Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
To proceed with projects related to _____ like toothpaste, soap, etc, the target population for sample selection rests in both rural and urban areas (defence/consumer products).
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What should be the final step in a project report?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the importance of drawing meaningful conclusions in a project report?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Why is it necessary to use statistical tools for data analysis?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What should be considered when determining the size and characteristics of your target group?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Why is it essential to process the collected data?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the significance of organizing and presenting data?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
_____ marking is one of the methods to classify raw data and _____ is used to classify the frequency distribution of data of discrete variables.
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
How can secondary data be used effectively in a project?
EASY
Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project

After the classification of data, it is necessary that it is presented in such a way that it provides the necessary information to the end-users and for this, suitable diagrams which represent the slices of pie that shows the relative sizes of data are _____.

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EASY
Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
In the process of making a project, _____ (primary / secondary) data sources can be used when the time is limited and at the same time, resources related to money are readily available. 
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the role of measures of central tendency in data analysis?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What type of data is usually used when there is a lack of time, money, and manpower?