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Ask QuestionPosted by Sunil Choudhary 5 years ago
- 2 answers
Yogita Ingle 5 years ago
Sir Ronald Aylmer Fisher who was a British statistician, is considered by many to be the father of the modern statistics.
Considering India I think it's P.C Mahalanobis. He's also the founder of Indian Statistical Institute- Kolkata.
Posted by Sunil Choudhary 4 years, 4 months ago
- 1 answers
Sia ? 4 years, 4 months ago
In singular sense, it means the science of counting or science of average. This definition has the following features:
Collection of data: Most of the statistical analysis is performed on the basis of collected data. The methods of data collection like primary and secondary, census and sampling etc. are related with data collection.
Organization of data: After collecting data, systematic arrangement is essential. They are organized and presented in table on the basis of rows and columns. This process is known as presentation of data.
Analysis of data: The organized data presented need to be analyzed. There are various tools of analysis in statistics like average, co-relation, regression, dispersion, etc.
Interpretation of data: After analysis, results are interpreted and conclusions are drawn. IT is the last and most essential part of the work. If findings are interpreted wrongly, wrong conclusion is obtained.
Posted by Sunil Choudhary 5 years ago
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Posted by Saloni ? 5 years ago
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Posted by S. K 5 years ago
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Gaurav Seth 5 years ago
Using arc elastic equation
(Q1 - Q2) (P1 + P2) ÷ (Q1 + Q2) (P1 - P2)
q1=700
q2=100
p1= 60
p2= 100
[600 × 160] ÷ [800 × 40] = 3
(hint :- don't take Minus in the answer )
Posted by Danish Das 5 years ago
- 2 answers
Sujal Vaish 5 years ago
Gaurav Seth 5 years ago
A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. In other words, if there's an increase in wages, demand for normal goods increases while conversely, wage declines or layoffs lead to a reduction in demand.
Posted by Aryan Jha 5 years ago
- 2 answers
Khilesh Das 5 years ago
.... .... 5 years ago
Posted by Swastika Samantaray 5 years ago
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Meghna Thapar 5 years ago
The law of variable proportions state that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline. The law of variable proportions is as follows: “If a producer increases the units of a variable factor while keeping other factors fixed, then initially the total product increases at an increasing rate, then it increases at a diminishing rate, and finally starts declining.”
Posted by Ratana Bhutra 5 years ago
- 1 answers
Yogita Ingle 5 years ago
Price elasticity of supply = % change in quantity supplied / % change in price
Therefore, Price elasticity of supply= ((120-100)/(120+100))*( (5-4)/(5+4))
= 0.80
Since, price elasticity of supply is less than 1, supply of this commodity is inelastic. This means that a shift in price won't drastically affect the supply of the commodity.
Posted by Amit Singh 5 years ago
- 1 answers
Meghna Thapar 5 years ago
All probability distributions can be classified as discrete probability distributions or as continuous probability distributions, depending on whether they define probabilities associated with discrete variables or continuous variables.
Discrete vs. Continuous Variables
If a variable can take on any value between two specified values, it is called a continuous variable; otherwise, it is called a discrete variable.
Some examples will clarify the difference between discrete and continuous variables.
Suppose the fire department mandates that all fire fighters must weigh between 150 and 250 pounds. The weight of a fire fighter would be an example of a continuous variable; since a fire fighter's weight could take on any value between 150 and 250 pounds.
Suppose we flip a coin and count the number of heads. The number of heads could be any integer value between 0 and plus infinity. However, it could not be any number between 0 and plus infinity. We could not, for example, get 2.5 heads. Therefore, the number of heads must be a discrete variable.
Posted by Ratana Bhutra 5 years ago
- 4 answers
☀️ Sunshine ☀️ 5 years ago
Yogita Ingle 5 years ago
In accounting, there are two common uses of the term stock. One meaning of stock refers to the goods on hand which is to be sold to customers. In that situation, stock means inventory.
The term stock is also used to mean the ownership shares of a corporation. For example, an owner of a corporation will have a stock certificate which provides evidence of his or her ownership of a corporation's common stock or preferred stock. The owner of the corporation's common or preferred stock is known as a stockholder.
Posted by Hrithik Vishwakarma 5 years ago
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Posted by Dhruv .. 5 years, 1 month ago
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Posted by Palak Singh 5 years, 1 month ago
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Yogita Ingle 5 years, 1 month ago
An indifference curve is a graphical representation of a combined products that gives similar kind of satisfaction to a consumer thereby making them indifferent.Every point on the indifference curve shows that an individual or a consumer is indifferent between the two products as it gives him the same kind of utility.
The indifference curve analysis work on a simple graph having two-dimensional. Each individual axis indicates a single type of economic goods. If the graph is on the curve or line, then it means that the consumer has no preference for any goods, because all the good has the same level of satisfaction or utility to the consumer. For instance, a child might be indifferent while having a toy, two comic book, four toy trucks and a single comic book.
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Deepanshu Jha 5 years ago
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