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Business Statistics

Business Statistics

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Published by: waqas158 on Apr 10, 2011
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Business

Statistics

Statistics:It refer to the numerical facts in field of study is called statistics. Or Statistics is a science comprising methods which are used in the collection presentation, analysis and interpretation of numerical data.

Data:Information in any field of study is called data. (i) Primary Data (ii) Secondary Data

(i)Primary Data:The data published or used by organization which originally collected then are called primary data.

(ii) Secondary Data:The data published or used by any organization other than one which originally collected then are called secondary data. --------------------------------------------------

Numerical Data
(i)
(ii)

(i)

Ungroup Data Group Data Ungroup Data:-

The data is in raw form or not in any systematic arrangement is called ungrouped data.

(ii)

Group data:-

The data is in systematic arrangement is called group data.

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