Test: Use Of Statistical Tools - Commerce MCQ

While making a project report, collection of data is followed by organisation and presentation of data.

Before using the secondary data the investigator should take the precaution of the reliability, adequacy and suitability of thedata.

The project should be correctly interpreted with proper conclusions, otherwise the whole object of the investigation would be defeated.

The first step towards making a project is the identification of the problem. Only after the area of study is identified or the objective is set, the collection and processing of data can be done.

Project work is like a unit in which various types of programmes can be entered to get the desired result.

The decision to collect primary or secondary data depends upon the objective of the project. Objective of the data also determines the size of data.

The CSO, Central statistics Office is responsible for conducting statistical activities in the economy.

Standard deviation is calculated through mean only. Positive square root of the variance is the standard deviation.

Bibliography refers to the mentioning of sources of secondary data. It is stated at the bottom of the report.

On the basis of this objective, the required data will be collected.