Discuss some applications of statistics. At present statistics ha… - Vidyadip

Question

Discuss some applications of statistics. At present statistics has been accepted as an independent part of scientific methods. As its scope becomes wide, statistics is not only useful for quantitative data but also useful for qualitative data.

✓

Answer

Industrial statistics and a branch of statistics Operations Research — OR was used in the military projects during the second world war.
In India, OR is used for national planning and survey and OR technique is used to formulate five year plans.
OR technique can be useful for government to maximise the per capita income with minimum resources.
In industry, by using OR technique, decisions regarding the optimum allocations of limited resources can be made and it can be planned to maximise the returns.
To meet the market demand in future, OR technique is useful to decide the size of inventery.
Thus, considering the use of statistics in recent times, its importance cannot be ignored.

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 Each" from Collection of data→Collection of data — all question types→Statistics STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

The economy growth rates of a state for four consecutive years are $2 \%, 2.5 \%, 3 \%, 4 \%$ respectively. Find the average growth rate using an appropriate average.

Obtain the value of $(\sqrt{}+\sqrt{})+(\sqrt{}-\sqrt{})$ using binomial expansion

$(1)$ Using all the first five natural numbers,
$(i)$ how many numbers can be formed ?
$(ii)$ how many numbers greater than $30,000$ can be formed ?
$(iii)$ how many numbers divisible by $5$ can be formed ?

Obtain the value of $(\sqrt{3}+1)^6+(\sqrt{3}-1)^6$ using binomial expansion method.

If: $R-\{0\} \rightarrow R, f(x)=\frac{1}{x}\left(1+\frac{1}{x}\right)-1$; than find the value of $f(-1), f(-2)$ and $f\left(\frac{1}{2}\right)$.

An individual has $10$ friends of whom $4$ are women. He wants to invite $5$ friends. If the invitees Include at least $2$ women then In how many ways he can Invite $5$ friends?

The sum of the first three terms of a $G.P.$ with common ratio $0.2$ is $0.496$. Find the first term of the $G.P.$

A student in $12th$ standard commerce stream has to appear for exam in $7$ subjects. It is necessary to pass in all the subjects to pass an exam. Certain minimum marks must be obtained to pass in a subject. In how many ways can a student appearing for the exam fail ?

Following information is obtained for two frequency distributions with $50$ and $60$ observations respectively.
Which distribution is closer to symmetrical frequency distribution?
Frequency distribution A: $Q_{1}=158, Q_{3}=$ $210, M=190$
Frequency distribution B: $Q_{1}=82, Q_{3}=$ $104, M=88$

In a society the number of families having $1, 2, 3$ and $4$ children are respectively $3, 8, 6$ and $3$. Find the mode.