Distinguish between quantitative and qualitative data and give so… - Vidyadip

Question

Distinguish between quantitative and qualitative data and give some examples of both.

✓

Answer

Difference between quantitative and qualitative data are as follows:

	Basis	Quantitative Data	Qualitative Data
1.	Meaning	This refers to the data whose variables can be measured in numerical terms.	This refers to the data whose variables cannot be measured in numerical terms.
2.	Examples	Price of commodities, heights, weights of individuals, etc.	Honesty of individuals, intelligence of individuals, etc.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Introduction→Introduction — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

When price of a good falls from $₹ 20$ to $₹ 10$ per unit, producer reduces supply from $100$ units to $50$ units. Calculate price elasticity of supply.

Complete the following table:

Output (Units)	Price (₹)	Total Revenue (₹)	Marginal Revenue (₹)
1	-	-	5
-	4	8	-
3	-	-	1
-	2	8	-

Price elasticity of supply for a commodity is $5 $. When price of the commodity rises from $₹ 9$ per unit to $₹ 10$ per unit, supply rises by $25$ units. Calculate quantity supplied at $9$ per unit.

At a price of $₹ 8$ per unit, the quantity supplied of a commodity is $200$ units. Its price elasticity of supply is $1.5.$ If its price rises to $₹ 10$ per unit, calculate the quantity supplied at the new price.

Explain any four features of a good statistical table.

When price of a good rises from $₹ 12$ per unit to $₹ 15$ per unit, the producer supplies $50$ per cent more output. What is the price elasticity of supply? Calculate.

A consumer gets 50 utils of utility from the consumption of Ist unit of commodity-X. On the assumption that for every additional unit of X, he loses 10 utils of utility, how much unit (s) of X will he consume if, it was available to him at price of ₹5 per unit, and his marginal utility of money = 10?

Price elasticity of demand of a good is $(-) 1$. Calculate the percentage change in price that will raise the demand from $20$ units to $30$ units.

What methods are used for constructing Consumer Price Index number?

What is the minimum price ceiling? Explain its implications.