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Graphic Methods
a.Scatter Diagram: Scatter diagram is a special type of dot chart. Under this methods the given data are plotted in a graph paper in the form of dot. For each pair of or x and y values we plot a dot( or point) and thus we obtain many dots equal in number of observation. If now these plotted dotes or points show some trends either upwards or downwards then the two variables ( x and y) are said to be correlated or otherwise not correlated. If again the trend of points is upwards moving from lower left hand corner to upper right hand corner then correlation is positive ( r=+1) r is coefficient or correlation. On the other hand if movement is reverse i, e, dots move from upper left hand corner to lower right hand corner then correlation is negative (r= -1). The idea will be clear from diagram given below:
Positive Correlation Negative Correlation
In fig (a) the values of the two variable move in the same direction the correlation is positive and r= 1.
In figure (b) we find negative correlation and r= 1 as the values move in reverse direction.
In figures (c) we dont get any trend lying and heance it shows the absence of correlation and r= 0.
Graphs of Time Series A time series is a sequence of values corresponding to successive points of time. Time series are graphed with time on the x axis and the oth
A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we
A paper mill prouduces two grads of paper viz., X and Y. Becouse of raw material restriction, it cannot product more then 400 tons of grade X paper and 300 tons of grade Y paper in
Important to Theoretical Distribution The science of theoretical distribution under which the frequencies of a variable are derived by some mathematical model without
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In this method variables beings studied are controlled by the investigator. In other the effect of one variable is observed while other relevant variables are held constant
Discus and explain both probability and none probability sampling techniques
cumulative discount factor
Define the role of the RBI in informing FEMA?
Calculation of Standard Deviation - Continuous Series: In the continuous series the methods of calculation standard deviation is almost the same as in a discrete frequency distrib
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