Tag: introduction to statistical method and econometrics

Questions Related to introduction to statistical method and econometrics

In which of the following cases is direct personal observation method adopted?

maths frequency distribution tables and graphs introduction to statistics introduction to statistical method and econometrics partition values

  1. Where greater accuracy is needed .

  2. When the field is an complex one

  3. When intensive study is needed

  4. All of the above

Show answer
Correct Option: D
Explanation:

Direct personal observation is the method adopted so that an intensive study of the population can be done. Direct observation helps in getting accurate results as their behaviour can be easily ascertained.

In a predominantly illiterate area consisting of 10,000 population, data has to be collected from 10% of them. The appropriate technique for data collection would be ________.

maths frequency distribution tables and graphs introduction to statistics introduction to statistical method and econometrics partition values

  1. questionnaire

  2. schedule

  3. interview

  4. all of the above

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Correct Option: A

The techniques of census investigation is advocated by its users because of _________________.

maths frequency distribution tables and graphs introduction to statistics introduction to statistical method and econometrics partition values

  1. intensive study i.e. It enables to study more than one aspect of each item of population

  2. reliability of data

  3. suitable choice in the situations when different items of population are not homogeneous

  4. All of above

Show answer
Correct Option: D
Explanation:
Census investigation refers to the examining the whole population. It involves complete count. The technique of census investigation is advocated by its users because of the following reasons-
a) intensive study i.e. It enables to study more than one aspect of each item of population
b) reliability of data
c) suitable choice in the situations when different items of population are not homogeneous

The amount of non-responses is maximum in ___________________.

maths frequency distribution tables and graphs introduction to statistics introduction to statistical method and econometrics partition values

  1. mailed questionnaire method

  2. observation method

  3. interview method

  4. All of above

Show answer
Correct Option: A
Explanation:

Under mailed questionnaire method, a well designed questionnaire is mailed to the informants with a request to fill it up and return the same within the specific time schedule. By this method, a wide range of people can be connected. The amount of non-responses is maximum in maid questionnaire method as most people are reluctant to answer the questions which are mailed.

In year $2011$, India has almost ____________ of world population.

maths frequency distribution tables and graphs introduction to statistics introduction to statistical method and econometrics partition values

  1. $1.22\%$

  2. $1.154\%$

  3. $17.50\%$

  4. $1.95\%$

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Correct Option: C

By the $18^{th}$ century, the term ______ designated the systematic collection of demographic and economic data by states.

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  1. statistics

  2. probability

  3. mensuration

  4. trigonometry

Show answer
Correct Option: A
Explanation:

By the $18^{th}$ century, the term statistics designated the systematic collection of demographic and economic data by states.

At the beginning of the $20^{th}$ century, who developed the methods for decision making based on small set of data?

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  1. Gottfried Achenwall

  2. William S Gosset

  3. W. Hooper

  4. Shakespeare

Show answer
Correct Option: B
Explanation:

At the beginning of the $20^{th}$ century, William S Gosset has developed the methods for decision making based on small set of data.he has developed t-distribution theory.

The word statistics have been derived from Latin word ______.

economics partition values introduction to statistics introduction to statistical method and econometrics frequency distribution tables and graphs

  1. sanus

  2. status

  3. stella

  4. spes

Show answer
Correct Option: B
Explanation:

The word statistics have been derived from Latin word "status".

In which year history of statistics can be said to start around?

economics partition values introduction to statistics introduction to statistical method and econometrics frequency distribution tables and graphs

  1. $1789$

  2. $1756$

  3. $1749$

  4. $1752$

Show answer
Correct Option: C
Explanation:

The history of statistics can be said to start around in the year $1749$.

In the year $1602$, who used the word "statist" in his drama Hamlet?

economics partition values introduction to statistics introduction to statistical method and econometrics frequency distribution tables and graphs

  1. Charles Walker

  2. Jane West

  3. John Wallis

  4. William Shakespeare

Show answer
Correct Option: D
Explanation:

William Shakespeare used the word statist in his drama Hamlet $1602$.