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Set - 1
Q1. Explain the concept of inferential statistics and how it is different from Descriptive statistics
· Inferential statistics
· Difference between Inferential statistics Descriptive statistics 5+5=10
Class 5-10 10-15 15-20 20-25 25-30 30-35 35-40 40-45 45-50
Interval
Frequency 5 4 12 14 19 17 21 8 16
Calculation of Mode 10
Answer.
Q3. List out various Characteristics of Business Forecasting. Also, elaborate the forecasting process.
· Characteristics of Business Forecasting
· Forecasting process 5+5=10
Q1. Elaborate the concept of Range. Salary distribution of any manufacturing unit is given below:
No. Of 4 3 7 9 4
Employees
Q2. Briefly explain the Regression analysis. How it is different from Correlation?
· Regression analysis
· Difference between Regression & Correlation analysis 5+5=10
Answer. According to M. M. Blair, Regression is defined as, “the measure of the average relationship
between two or more variables in terms of the original units of the data”.
SPRING-2018
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