Collect data of total weekly expenditure of your family for a year and arrange it in a table. See how many observations you have . Arrange the data monthly and find the number of observations.
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sukhpreetkatrai:
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If you arrange the data for a year, you will have 54 observations because there are 54 weeks in a year.
Now if you observe the same data monthly, then the observations of the data will come down to 13.5. This is because there are 4 or 5 weeks each month. So, when you group data for the same month, you will get the opinion."
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