Graphical representation of frequency distribution - Business Mathematics & Statistics

# Graphical representation of frequency distribution - Business Mathematics & Statistics Video Lecture - Business Mathematics and Statistics - B Com

## Business Mathematics and Statistics

115 videos|142 docs

## FAQs on Graphical representation of frequency distribution - Business Mathematics & Statistics Video Lecture - Business Mathematics and Statistics - B Com

 1. What is a frequency distribution?
Ans. A frequency distribution is a graphical representation that shows the number of times each value or range of values occurs in a dataset. It helps to understand the pattern and distribution of data.
 2. How is a frequency distribution graphically represented?
Ans. A frequency distribution can be graphically represented using various types of graphs, such as histograms, bar charts, or line graphs. These graphs display the frequencies of different values or ranges of values in a visually appealing manner.
 3. How can a frequency distribution be useful in business mathematics and statistics?
Ans. In business mathematics and statistics, a frequency distribution helps to analyze and interpret data. It provides insights into the distribution of values, identifies the most common and rare occurrences, and helps in making informed decisions based on data patterns.
 4. What are the steps to create a frequency distribution?
Ans. To create a frequency distribution, follow these steps: 1. Identify the range of values in the dataset. 2. Divide the range into intervals or categories. 3. Count the number of occurrences of each value or range. 4. Display the frequencies using a suitable graphical representation.
 5. Can a frequency distribution be used to identify outliers in data?
Ans. Yes, a frequency distribution can help identify outliers in data. Outliers are data points that significantly deviate from the rest of the dataset. By analyzing the frequencies of values or ranges, outliers can be easily identified as they will have much lower or higher frequencies compared to other values.

## Business Mathematics and Statistics

115 videos|142 docs

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