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Quantitative Techniques – I

Notes (c) Arun was born on August 25, 1974.
(d) The consumption function of a community is C = 1,000 + 0.8Y, therefore, the levels
of consumption for different levels of income are:

Y 0 1000 2000 4000 6000 8000
C 1000 1800 2600 4200 5800 7400
21. Would you regard the following information as statistics? Explain by giving reasons.

(a) The height of a person is 160 cms.
(b) The height of Ram is 165 cms and of Shyam is 155 cms.
(c) Ram is taller than Shyam.
(d) Ram is taller than Shyam by 10 cms.

(e) The height of Ram is 165 cms and weight of Shyam is 55 kgs.
Answers: Self Assessment

1. (a) 2. (c)
3. (c) 4. True
5. True 6. False
7. True 8. False

9. False 10. False
11. True 12. True
13. False 14. True

15. False 16. numerical
17. to present a given problem in terms of numerical figures.
18. complex, simplified 19. master
20. uncertain

1.8 Further Readings

Books Balwani Nitin Quantitative Techniques, First Edition: 2002. Excel Books, New Delhi.

Bhardwaj R.S., Business Statistics, Excel Books.
Garrett H.E. (1956), Elementary Statistics, Longmans, Green & Co., New York.
Guilford J.P. (1965), Fundamental Statistics in Psychology and Education, Mc Graw
Hill Book Company, New York.
Gupta S.P., Statistical Method, Sultan Chand and Sons, New Delhi, 2008.
Hannagan T.J. (1982), Mastering Statistics, The Macmillan Press Ltd., Surrey.
Hooda R. P., Statistics for Business and Economics, Macmillan India, Delhi, 2008.

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