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Central Tendency and Dispersion in Statistics:
Write a note on the following :
i) What is the importance of Measures Of Central Tendency and Dispersion in Statistics ?
ii) Define Correlation coefficient and discuss two methods of its computation .
iii) What is regression analysis ? Discuss the relation between 'correlation coefficient ' and the 'regression coefficients'.
Ques: Data on the scores obtained by A & B are given below :
A
B
23 24 43 37 26
43 37 29 49 41
23 37 43 41 26
37 24 29 43 49
29 18 23 24 25
23 24 28 35 39
34 18 35 24 42
37 41 25 23 39
i) Compare Arithmetic Mean and Standard Deviation for the two groups and compute pooled mean and variances.
ii) Comment on the consistency between A and B.
Correlation Analysis Correlation Analysis is performed to measure the degree of association between two variables. The measure is called coefficient of correlation. The coeffic
Methods of Forecasting Various techniques which are generally used in business forecasting are as under: 1. Forecasting through the opinion of heads of department
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