Question

Q. 3. Give economic terms:
1) Procedure for dividing the data into equal parts.
2) Value that divides the series into ten equal parts.


to four equal parts.​

Answer 1

Answer:

1. Median .

2. Decile divide the data into 10 equal parts.

3. Quartile divide the data into 4 equal parts.

Answer 2

Answer:

1. Partitioning

2. Decile

Explanation:

1. Procedure for dividing the data into equal part are termed to be as Partitioning.

Partitioning is a particular technique in which consumption of goods can be decreased by packaging goods into smaller amounts.

When any goods (e.g. biscuit, a packet of toffee, sweets) are packaged into separate or different smaller packages, which provides consumers more alternative to take decision. This will slow the rate of spending or consumption

2.Values that divides the series into ten equal parts is to be termed as Deciles

Deciles refers to dividing the variable or distribution of value into ten equal groups or dividing the population according to the distribution of values of a particular variable

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