Question

List and explain five advantages of table in economics

Answer 1

Answer:

In tabulation collected statistical data are presented in rows and columns according to some definite rules. This is called statistical table.

Advantages of Tabulation :

1. The large mass of confusing data is easily reduced to reasonable form, that is understandable to kind.

2. The data once arranged in a suitable form, gives the condition of the situation at a glance, or gives a bird eye view.

3.A table facilitates representation of even large amounts of data in an attractive, easy to read and organized manner.