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Quantitative Techniques – I




                    Notes          18.  In .................................  form,  the  data  are  available in  magazines,  research  papers,
                                       newspapers, government publications, international publications, etc.
                                       (a)  Published                    (b)  Unpublished

                                       (c)  Reduced                      (d)  Enlarged





                                     Case Study  Chand Contractors

                                           hand Contractors supplies contract labor to various industrial units for carrying
                                           out their various production activities in and around Bhilai. Mr.R.B. Tripathi is the
                                     Cchief consultant and is responsible to manage the continuous supply of contract
                                     labor on weekly basis. The daily wages of contract labor varies from   25 to 95 per day
                                     depending on the skill, experience and the nature of work in the industry utilising the
                                     services  of contract laborers. The daily wages  and number of workers data have been
                                     compiled by  Shri Tripathi for estimating  the number  of workers  demanded and  their
                                     average wages.

                                        Daily Wages ( )   No. of Workers   Daily Wages ( )   No. off workers
                                            20-25              21               60-65             36
                                            25-30              29               65-70             45
                                            30-35              19               70-75             27
                                            35-40              39               75-80             48
                                            40-45              43               80-85             21
                                            45-50              94               85-90             12
                                            50-55              73               90-95              5
                                            55-60              68

                                     1.   Draw a suitable diagram of the data to enable the chief executive of Chand Contractors
                                          to understand the relations between wages and number of workers.

                                     2.   Find  out  the  number of  workers  getting  wages  lower  than  57  and  more  than
                                          77 using Ogive graphs.

                                   5.4 Summary

                                       The stage of collection of data follows the stage of planning of a statistical investigation.

                                       The  process for  the collection  of  data  depends  upon  the objective,  scope, nature  of
                                       investigation,  etc.
                                       The data may be collected either from a primary or from a secondary source.

                                       Data from a primary source are original and correspond to the objective of investigation.
                                       The secondary data are often available in published form, collected originally by some
                                       other agency with a similar or different objective.

                                       The primary data are more reliable than the secondary data which, however, are more
                                       economical.
                                       There are several methods of collection of primary data.

                                       The choice of a particular method depends, apart from objective, scope and nature of
                                       investigation, on the availability of resources, literacy level of the respondents, etc.




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