Question

2.3. Give economic terms:
1) Procedure for dividing the data into equal parts.
2) Value that divides the series into ten equal parts.
3) Value that divides the whole set of observations in
to four equal parts.​

Answer 1

Answer:

The answers to the listed numbers are,

1- Quin tiles

2-decile

3-partitian values.

Explanation:

Following is the explanation of each,

A quin tile actually refers to one such function which can divide data into equal parts. There are various functions which can do this action. However, in the given case, 'quin tile' is the correct answer.

A decile is what divided a series into ten equal parts. It does so by having nine data points which are then used to do a division into 10 different parts.

3. The variate values which are used in the function of dividing the total number of observations into an equal number of parts is known as partition values.

Answer 2

Answer:

1 partition values

2 deciles

3 quartiles