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State with reasons whether you agree or disagree with the following statement: Partition values have application only in theory but not in practice. - Economics

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प्रश्न

State with reasons whether you agree or disagree with the following statement:

Partition values have application only in theory but not in practice.

विकल्प

  • Agree

  • Disagree

MCQ
सत्य या असत्य
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उत्तर

No, I do not agree with this statement.

Reasons:

  1. Partition values like quartiles, deciles, percentiles divide the given set of observations into equal number of parts. So they have application in theory.
  2. Quartiles, deciles, percentiles are very useful to study the concepts of population, unemploy ment, poverty, etc.
  3. Quartiles, deciles, percentiles are also useful in practice while framing various government policies related to removal of poverty, inequality, measurement of health indicators, etc. Thus, partition values have applications in theory as well as in practice.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Partition Values - Exercise Q.5 [पृष्ठ २३]

APPEARS IN

बालभारती Economics [English] Standard 11 Maharashtra State Board
अध्याय 3 Partition Values
Exercise Q.5 | Q 1 | पृष्ठ २३

संबंधित प्रश्न

Give the correct option:

Statements related to partition values that are correct.

  1. Exact divisions of percentiles into 100 parts gives 99 points
  2. Deciles have total 9 parts
  3. Quartiles are shown by Q1, Q2  and Q3
  4. symbolically, percentiles and Deciles are shown by P and D

Choose the correct pair:

Group A Group B
1) Quartiles a) Dj = size of j`((n + 1)/10) ^"th Observation"`
2) Deciles b) `"P"_k = l +(((kn)/100 – cf)/f) xx "h"`
3) Percentiles c) `"Q"_i = l +((("in")/4 – cf)/f) xx "h"`

Give the economic term:

Procedure for dividing the data into equal parts.


State with reasons whether you agree or disagree with the following statement:

Average can misinterpret the representative value.


Solve the following:

Calculate Q1, D4, and P26 for the following data.

18, 24, 45, 29, 4, 7, 28, 49, 16, 26, 25, 12, 10, 9, 8

Solve the following :

Calculate of Q3, D5, and P35 for the given data

Income (in lakhs ₹)  1 2 3 4 5 6
No. of family 2 5 20 25 15 12

A company produces tables which are packed in batches of 100. An analysis of the defective tubes in different batches has received the following information:

No. of defective tubes Less than 5 5 – 9 10 – 14 15 – 9 20 – 24 25 – 29 30 and above
No. of tubes 45 51 84 39 20 8 4

Estimate the number of defective tubes in the central batch.


Which of the following is true about partition values in statistics?


If you slice a pizza into 4 equal pieces, which partition value does this represent?


Which statement is correct about the relationship between the median, quartiles, deciles, and percentiles?


For analysing socio-economic factors, why is it essential to understand partition values?


What is one main advantage of using the median instead of the mean in a dataset with extreme values?


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