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Statistics is concerned with
  • a)
    Qualitative information
  • b)
    Quantitative information
  • c)
    (a) or (b)
  • d)
    Both (a) and (b)
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Statistics is concerned witha)Qualitative informationb)Quantitative in...
Statistics is concerned with both qualitative and quantitative information.

Qualitative Information

Qualitative information is descriptive data that cannot be measured numerically. It is concerned with the qualities, characteristics, and properties of a phenomenon. Examples of qualitative information include:

- Colors
- Tastes
- Shapes
- Smells
- Opinions
- Attitudes
- Emotions

In statistics, qualitative information is often represented using nominal or ordinal scales.

Quantitative Information

Quantitative information is numerical data that can be measured and analyzed statistically. It is concerned with the quantities, amounts, and magnitudes of a phenomenon. Examples of quantitative information include:

- Height
- Weight
- Age
- Income
- Temperature
- Time
- Distance

In statistics, quantitative information is often represented using interval or ratio scales.

Why Both are Important?

Both qualitative and quantitative information are important in statistics because they provide different types of information that can help us understand a phenomenon. Qualitative information can provide insights into the attitudes, beliefs, and experiences of people, while quantitative information can provide precise measurements and statistical analyses that can help us make predictions and decisions. In many cases, a combination of both qualitative and quantitative information is needed to fully understand a phenomenon.
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Statistics is concerned witha)Qualitative informationb)Quantitative in...
Option D is correct
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Statistics is concerned witha)Qualitative informationb)Quantitative informationc)(a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?
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Statistics is concerned witha)Qualitative informationb)Quantitative informationc)(a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Statistics is concerned witha)Qualitative informationb)Quantitative informationc)(a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Statistics is concerned witha)Qualitative informationb)Quantitative informationc)(a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?.
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