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What Are the Statistical Tables ? Explain Any Three Advantages of Tabulating Data. - Business Studies

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Question

What are the statistical tables? Explain any three advantages of tabulating data. 

Answer in Brief

Solution

According to Tuttle, a statistical table is the logical listing of related quantitative data in vertical columns and horizontal rows of numbers with sufficient explanatory and qualifying words, phrases and statements in the form of titles, headings, and notes to make clear the full meaning of the data and their origin.

The following are the advantages of tables:

Simplification: Tables enable an analyst to present a huge mass of data in an orderly manner within a minimum of space. Data become easily understandable and avoiding unnecessary details.

Comparison: The table is divided into parts and each part contains total and sub-total. This will help to easily understand, compare and study.

Patterns: Tabulation reveals patterns within, cannot be seen in a narrative form. It also facilitates the summation of the figures.

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2017-2018 (March) Set 1
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