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Introduction — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction3 Marks
Question
What are statistical methods? Name the various statistical methods.
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Answer

Methods which facilitate the understanding of statistical data are referred to as 'statistical methods'.The various statistical methods are enumerated below:
  1. Collection of data.
  2. Organisation of data.
  3. Presentation of data.
  4. Analysis of data.
  5. Interpretation of data.

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