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Question 1 Define the term Statistics. Describe its functions and limitations with examples
Question 2
1. Explain the various measures of Dispersion
2. The following data relate to the prices and quantities of 4 commodities in the year 2004 and 2005. Construct the following index numbers of price for the year 2005 by using 2004 as the base year
Commodities
2004
2005
Price
Quantity
A
5
100
6
150
B
4
80
C
2.5
60
72
D
12.0
30
9
33
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