Give economic tearm :procedure for dividing the data into equal parts
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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
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Explanation:-
●Give economic terms:1) Procedure
for dividing the data into equal parts
2) Value that divides
- that divides Median
- that divides Median Decile divide the data into 10 equal parts
- that divides Median Decile divide the data into 10 equal partsQuartile divide the data into 4 equal parts
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