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Functions and Objects of Statistical Average
To get a single Value that Describes the Characteristics of the Entire Group The purpose of an average is to represent a group of individual value in a simple and concise manner so that the mind can get a quick understanding of the general size of the individuals in the group. For example it is difficult to generalize anything from the ages of 80 crore of India people but if it is said the average age of Indian is 52years one can draw conclusions about health conditions of the people.
b.To Facilitate Comparison An average provides a common denominator fro comparing one set of data with others and conclusions can be drawn about the characteristics of the separate sets of data. If the average monthly sales of department a bare compared with the average monthly sales to the department B a quickly and easy comparison of the sales of the two department can be made.
c.To Trace Precise Relationship Average becomes essential when it is desired to establish relationship between different groups in quantitative terms. Simply saying that income of an average American is more than that of an average Indian is vague. It is relatively more precise if the respective incomes are expressed in terms of averages.
d.To know about the Universe from a Simplex Averages also help i obtaining an idea of a complete universe by means of samples data. The average of a sample gives a fairly good idea about the average of the population.
e.To Help in Decision Making average are valuable in setting standards for managerial control. For example a business manger is often interested in representative value of wage general sale normal output of a plant etc. All these expressions refer to some sort of an average.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Graphic Methods a. Scatter Diagram: Scatter diagram is a special type of dot chart. Under this methods the given data are plotted in a graph paper in the form of d
Research Abstracts Abstracts of researches completed are available from the followings publications: a. ICSSR Research Abstracts: contain abstracts of research projects
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sir plz suggest me any book for this...or notes.....
3. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape
WOULD YOU RECOMMEND FOCUS GROUPS OR SOME OTHER RESEARCH DESIGN IN THIS SITUATION
Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as
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