Question

Assignment​​​​​​​​(3 × 5 = 15 Marks)

Answer any five questions (Mention question no you are answering in the table above). Word count has to be 500 minimum for each question:

1. What do you mean by Statistical Decision theory? Explain in tabular form the difference between Decision making under Uncertainty and Risk?

2. Define Sampling and what are the non-sampling errors? Explain in brief all the errors.

3. What is a Statistical Survey and what are the steps to plan a survey?

4. Time series is of great significance to economists and business man. Why? Explain all four components of Time series.

5. Define Hypothesis testing and explain test of significance for small samples and large samples.

6. Discuss the methods presentation of statistical data through graphs and diagrams.

Answer 1