Give three examples where deviation bar diagram can be used. - Vidyadip

Question

Give three examples where deviation bar diagram can be used.

✓

Answer

Deviation bar charts are suitable for presentation of net quantities in excess or deficit such as profit, loss, import, or exports. The excess (or positive) values and deficit (or negative) values are shown above and below the base line. These are also called Bilateral Bar Diagrams.Three examples where these can be used:

To show profit or loss of a company.
To show balance of trade of a country.
To show balance of inflow and outflow of cash in a company.

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 Presentation of Data→Presentation of Data — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What are assumptions taken by Karl Pearson's while developing his coefficient of correlation?

Is FDI (foreign direct investment) in retail trading a step towards competitive market structure? Give reason.

A consumer spends ₹60 on a good priced at ₹1 per unit. When the price rises by 100 per cent, he continues to spend ₹60 on the good. Calculate the price elasticity of demand by percentage method.

Mode is the best representative value of all items of the series because it is that value which occurs most frequently in the series. State any four advantages of mode in the context of above statement.

What is Scatter Diagram and how is it useful in the study of correlation?

“In certain conditions sampling becomes a necessity”. Explain this statement.

How will you choose the wants to be satisfied?

Calculate Karl Pearson's coefficient of correlation between X and Y from the following data:
$\text{N}=8,\overline{\text{X}}=11,\overline{\text{Y}}=10,\Sigma\text{(X}-\overline{\text{X}})^2=184, \Sigma(\text{Y}-\overline{\text{Y}})=148,$

Calculate the weighted mean of the following distribution:

Items	12	29	14	41
Weights	6	4	5	2

A producer supplies $80$ units of a good at a price of $₹ 10$ per unit. Price elasticity of supply is $4.$ How much will he supply at $₹ 9 $ per unit?