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Published on: 21/09/2019
Introduction to Statistical Methods and Econometric
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1.
What are the Two Regression lines equations?
2.
What are the methods of calculating SD?
3.
What is meant by standard deviation?
4.
What is dispersion? List its types.
5.
List the major differences between Descriptive Statistics and Inferential Statistics.
6.
Write brief note on Statistics and Medicine.
7.
What are the kinds of data?
8.
What do you mean by Inferential Statistics?
9.
What are the kinds of Statistics?
10.
A student’s marks in 5 subjects are 75, 68, 80, 92,and 56. Find his average mark.
1.
i. X on Y => X = a + by
ii. Y on X => Y = a + bx
2.
There are two methods of calculating Standard deviation in an individual series.
a) Deviations taken from Actual mean
b) Deviation taken from Assumed mean
3.
1. It is defined as the positive square-root of the arithmetic mean of the square of the deviations of the given observation from their arithmetic mean.
2. The standard deviation of the population is denoted by the Greek letter σ (sigma) The standard deviation of sample is denoted as 's'.
4.
The degree of variation is evaluated by various measures of dispersion. There are two kinds of measures of dispersion, namely
1. Absolute measure of dispersion
2. Relative measure of dispersion
5.
| S.No | Descriptive Statistics |
Inferential Statistics |
| 1 | It describes the population under study |
It draws the conclusion for the population-based on the sample result. |
| 2 | It presents the data in a meaningful way through charts, diagrams, graphs, other than describing in words | It uses hypotheses, testing and predicting on the basis of the outcome |
| 3 | It gives the summary of data | It tries to understand the population beyond the sample. |
6.
1. In Medical sciences, statistical tools are widely used.
2. In order to test the efficiency of a new drug or to compare the efficiency of two drugs or two medicines, t - test for the two samples is used.
3. More and more applications of statistics are at present used in clinical investigation.
7.
(i) Based on characteristics there are quantitative and qualitative data.
(ii) Qualitative data is classified as nominal data and rank data.
(iii) Based on the data sources there are primary data and secondary data.
8.
The branch of statistics concerned with using sample data to make an inference about a population of data is called Inferential Statistics.
9.
There are two major types of statistics.
(i) Descriptive statistics
(ii) Inferential statistics
10.
| X | d=X-A |
| 75 | 7 |
| 68➝A | 0 |
| 80 | 12 |
| 92 | 24 |
| 56 | -12 |
| Total | 31 |
\(\bar { X } =A+\frac { \sum { d } }{ n } \)
\(=68+\frac { 31 }{ 5 } \)
= 68 + 6.2 = 74.2
Ans: 74.2
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards