Page 25 - DCOM203_DMGT204_QUANTITATIVE_TECHNIQUES_I
P. 25

Quantitative Techniques – I                                      Neha Tikoo, Lovely Professional University




                    Notes                             Unit 2: Classification of Data


                                     CONTENTS
                                     Objectives
                                     Introduction
                                     2.1  Classification
                                     2.2  Types of Classification

                                     2.3  Formation of A Frequency Distribution
                                          2.3.1  Construction of a Discrete Frequency Distribution
                                          2.3.2  Construction of a Continuous Frequency Distribution

                                          2.3.3  Relative or Percentage Frequency Distribution
                                          2.3.4  Cumulative Frequency Distribution
                                          2.3.5  Frequency Density
                                     2.4  Bivariate and Multivariate Frequency Distributions
                                     2.5  Summary

                                     2.6  Keywords
                                     2.7  Review Questions
                                     2.8  Further Readings

                                   Objectives


                                   After studying this unit, you will be able to:
                                       Define the term classification
                                       Discuss its objectives and requisites
                                       Explain the different types of classification

                                       Analyze the formation of frequency distribution
                                       Know about Frequency Density

                                   Introduction

                                   The collected data are a complex and unorganised mass of figures which is very difficult to
                                   analyse and interpret. Therefore, it becomes necessary to organise this so that it becomes easier
                                   to grasp its broad features. Further, in order to apply the tools of analysis and interpretation, it
                                   is essential that the data are arranged in a definite form. This task is accomplished by the process
                                   of classification and tabulation.

                                   2.1 Classification


                                   Classification is the process of arranging the available data into various homogeneous classes
                                   and subclasses according to some common characteristics or objective of investigation. In the
                                   words of L.R. Connor,  “Classification is the process of  arranging things (either actually  or




          20                                LOVELY PROFESSIONAL UNIVERSITY
   20   21   22   23   24   25   26   27   28   29   30