Question 1.
\nThe use of statistical tools helps in
\n(a) Developing a project
\n(b) Determining a project
\n(c) Marketing
\n(d) Production
\nAnswer:
\n(a) Developing a project<\/p>\n
![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/KSEEB-Solutions.png\")
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Question 2.
\nDeveloping a project helps in
\n(a) Consumption
\n(b) Distribution
\n(c) Collecting data
\n(d) Analyzing data and suggesting improvement in a system
\nAnswer:
\n(d) Analyzing data and suggesting improvement in a system<\/p>\n
Question 3.
\nThe first step in making a project is
\n(a) Analysis and interpretation
\n(b) Collection of data
\n(c) Identifying a problem
\n(d) Organization of data.
\nAnswer:
\n(c) Identifying a problem<\/p>\n
Question 4.
\nBibliography indicates
\n(a) Primary sources
\n(b) Secondary sources
\n(c) Oral resources
\n(d) TV news
\nAnswer:
\n(b) Secondary sources<\/p>\n
<\/p>\n
Question 5.
\nDeveloping a project helps to predict future prospects and suggestions relating to
\n(a) Growth and government policies
\n(b) Past things
\n(c) Invisible crisis
\n(d) Collection of data
\nAnswer:
\n(a) Growth and government policies<\/p>\n
II. Fill in the blanks (each question carries 1 mark)<\/span><\/p>\n Question 1. Question 2. Question 3. Question 4. Question 5. III. Answer the following questions in a word I sentence (each question carries I mark).<\/span><\/p>\n Question 1. Question 2. Question 3. Question 4. Question 5. IV. Answer the following questions in about four sentences (each question carries 2 marks)<\/span><\/p>\n Question 1. Question 2. Question 3. V. Answer the following questions in about twelve sentences (each question carries 4 marks)<\/span><\/p>\n Question 1. The statistical tools are very helpful in developing a project. For example, we may have to collect information about a product from the consumer or about a new product or service to launched in the market by the producer or analyze the spread of information technology in schools and so on. Developing a project by conducting a survey and preparing a report will help in analyzing relevant information and suggesting improvements in a product or system.<\/p>\n Question 2. (b) Choice of the target group: The identification of the target group is important for framing appropriate questions for our questionnaire. If our project relates to cars. then our target group will be middle income and the higher income groups. For the project studies relating to consumer products like soap, we can have both rural and urban for the survey. Hence, the choice of target groups, to identify those persons on whom to focus our attention, is very important while preparing the project report.<\/p>\n (c) Collection of data: The objective of the survey will help us to determine whether the data collection should be undertaken by using the primary method, secondary method, or both methods. A first-hand collection of data by using primary methods can be done by using a questionnaire or an interview schedule which may be obtained by personal interview, mailing, phone, etc.<\/p>\n (d) Organisation and presentation of data<\/p>\n (e) Analysis and interpretation of data<\/p>\n (f) Conclusion<\/p>\n (g) Bibliography<\/p>\n Question 3. Let us imagine, we want to set up a new retail shop and want to choose a variety of toothpaste brands to sell. A sample project based on a primary source of data collection could be prepared for toothpaste.<\/p>\n This could be started by assuring the concerned person or party, that the information required is for a survey and will not be used for any other purpose. This is done through a covering letter in which it can be stated that all the information provided by the person shall be kept confidential.<\/p>\n After collecting the required information we have to organize and classify data for the purpose of choosing brands of toothpaste that we want to sell. After classifying the data, the same has to be represented in the form of a tabular presentation and graphical representation. After presenting the same in table and graph the same would be interpreted according to facts and figures through proper observations. After observations of the data analyzed, conclusions must be drawn based on the observations made.<\/p>\n The following is the sample project: (a) Area of distribution:<\/p>\n Observation: The majority of users belonged to urban areas.<\/p>\n (b) Age distribution: (c) Family size:<\/p>\n
\nThe data can be presented with the help of ………….
\nAnswer:
\nTabulation and diagrams<\/p>\n
\nThe survey helps to determine the method of collection of…………
\nAnswer:
\nData<\/p>\n
\nThe knowledge of various statistical tools is necessary for………………..
\nAnswer:
\nAnalysis of data<\/p>\n
\nThe choice of target groups is very important while preparing the
\nAnswer:
\nQuestionnaire<\/p>\n<\/p>\n
\nThe postal questionnaire must have giving details about the purpose of the inquiry……………
\nAnswer:
\nCourin letter<\/p>\n
\nWhy do we need statistical tools?
\nAnswer:
\nStatistical tools are needed in our daily life and are used in the analysis of data pertaining to economic activities such as production, consumption, distribution, banking and insurance, trade, transport, etc.<\/p>\n
\nMention the last step in developing a project.
\nAnswer:
\nThe last step in developing a project is to draw meaningful conclusions after analyzing and interpreting the results.<\/p>\n
\nWhat does the bibliography indicate?
\nAnswer:
\nThe bibliography indicates the details of all the secondary\u2019 sources i.e. magazines, newspapers, research reports, etc used for developing the project.<\/p>\n
\nWhat is a project?
\nAnswer:
\nA project is a well-thought-out action plan designed to attain predetermined objectives.<\/p>\n
\nWhat is consumer awareness?
\nAnswer:
\nConsumer awareness refers to awareness about the rights of consumers.<\/p>\n<\/p>\n
\nMention the name of any four statistical tools. (N – 2018)
\nAnswer:
\nThe most important statistical tools are the measures of central tendency, dispersion, correlation, bar diagrams, pie charts, histograms, etc.<\/p>\n
\nWrite the first four steps in developing a project.
\nAnswer:
\nFollowing are the four steps in developing a project:<\/p>\n\n
<\/p>\n
\nWrite the role of the questionnaire in developing a project. (S-2018)
\nAnswer:
\nThe collection of data by using the primary method can be done by using a questionnaire or an interview schedule which may be obtained by personal interviews, mailing or postal surveys, phone, email, etc. Preparation of a well-balanced questionnaire will help the process of research simple, fast and accurate. It becomes the record of what is actually surveyed.<\/p>\n
\nWrite the importance of statistical tools.
\nAnswer:
\nThe statistical tools are important for us in our daily life and are used in the analysis of data pertaining to economic activities like production, consumption, distribution, banking and insurance, trade, transport, etc.<\/p>\n
\nExplain any three steps in developing a project.
\nAnswer:
\nFollowing are the steps towards making a project:
\n(a) Identifying a problem or an area of study: It should be clear about what we want to study. On the basis of the objective, we have to proceed with the collection and processing of the data. For example, the production or sale of a product like a car. mobile phone, soap, or detergent may be an area of interest. So we need to identify- the area of study first before proceeding further for developing a project.<\/p>\n<\/p>\n
\nWrite a note on a sample project.
\nAnswer:
\nA sample project may be prepared with the help of various statistical tools like a collection of data, using the measures of central tendency, representing the data in diagrams, etc. The questionnaire prepared, may vary depending upon the subject of the study.<\/p>\n<\/p>\n
\nData analysis and interpretation: After collecting the required information you now have to organize and classify data for the purpose of choosing brands of toothpaste that you want to sell. Hypothetical data is given below for your reference where you will now use the statistical tools such as pie diagrams, bar diagrams, mean, standard deviation, etc.<\/p>\n<\/p>\n\n\n
\n City users<\/td>\n 68%<\/td>\n<\/tr>\n \n Village users<\/td>\n 32%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Economics-Question-Bank-Chapter-9-Uses-of-Statistical-Methods.1.png\")
<\/p>\n\n\n
\n Age in years<\/strong><\/td>\n No. of Persons<\/strong><\/td>\n<\/tr>\n \n Below 5<\/td>\n 75<\/td>\n<\/tr>\n \n 05-10<\/td>\n 58<\/td>\n<\/tr>\n \n 10-20<\/td>\n 90<\/td>\n<\/tr>\n \n 20-30<\/td>\n 140<\/td>\n<\/tr>\n \n 30-40<\/td>\n 90<\/td>\n<\/tr>\n \n Total<\/td>\n 453<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Economics-Question-Bank-Chapter-9-Uses-of-Statistical-Methods.2.png\")
\nObservation: The majority of the persons surveyed belonged to the age group 20-30.<\/p>\n
![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Economics-Question-Bank-Chapter-9-Uses-of-Statistical-Methods.3.png\")
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![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Economics-Question-Bank-Chapter-9-Uses-of-Statistical-Methods.4.png\")
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