Rounding of Data, Business Mathematics & Statistics Video Lecture | Business Mathematics and Statistics - B Com

hi I'm Jimmy Chang we're here to talk
about the criteria for rounding the
figures and statistics now the criteria
really depends frankly on a couple of
things one important factor is on
significant digits okay now this is
gonna vary from study to study and
actually is used a lot in science now
significant digits can be either
measured okay or exact I think by now
you'll have already gone over exactly
what the difference between the two is
so significant digits is going to be
important criteria for that now the
other thing to consider would be how
many significant figures are involved
now if you've taken science courses or
even statistics another way to say it
would be sig figs because you can have
four sig figs five six figs or you know
depending on what the study is it could
be less or even more than that but the
bottom line here is in terms of the
criteria for rounding we're looking at
significant digits as well as the number
how many significant figures or sig figs
that you want to round to and that'll
give you an idea as to what the criteria
is going to be so I'm Jimmy Chang and
that gives you a glimpse as to the
criteria for rounding figures in
statistics