Class - 11 Chapter-3 (Statistics)
Class - 11 Chapter-3 (Statistics)
Class -11
Statistics for economics
Unit - 2: collection,
organisation and
presentation of data
Chapter - 3
Collection of data
# Introduction
1. Statistic has gained significant place in the modern complex
business world. Data is the Base on which the superstructure of
statistical investigation is made.
2.the success and failure of investigation mainly depends upon the
quality , adequacy and accuracy of data .
● STATISTICAL ENQUIRY
( Investigation on a topic by any agency wherein relevant quantitative
information is collected.)
1. Statistical enquiry implies search of truth with the aid of statistical
methods of collection ,complication, analysis, interpretation, etc .
2. BASIC PROBLEM- is to collect facts and figures relating to a
particular phenomenon under study.
# Collection of data
( first step in any statistical investigation.)
● In statistics, data collection is defined as a
methodical approach to gathering observations,
measurements, and information from different
sources.
●Sources of collection of data
1. INTERNAL SOURCES
2. EXTERNAL SOURCES
( a. Primary data)
( b. Secondary data )
#Internal sources
( Data is collected from its reports and records)
=>Internal data is private data collected within the
organisation from departments like sales, finance,
human resource, and marketing to help in making
decisions for the organisation.
# External sources
( Data is collected from outside the organisation)
=>external data can be collected from primary as well as
secondary sources.
# Primary and secondary data
PRIMARY DATA SECONDARY DATA
Primary data is the data which is The data which is not directly collected
originally collected by an investigation but rather obtained from the published
or agency for the first time for some or unpublished sources, is know as
specific purpose. secondary data.
These are original because these are These are not original because someone
collected by the investigator for the first else has collected these for his own
time. purpose.
These are in the form of raw materials. These are in the finished form.
These are more reliable and suitable for the These are less reliable and less suitable as
enquiry because these are collected for a someone else has collected the data which
particular purpose may not perfectly match our purpose.
Collecting primary data is quite expensive Secondary data requires less time and
both in terms of time and money. money; hence it is economical.
5. Lack of uniformity
Precaution for indirect oral investigation
1. The investigator should ensure that the number of witnesses is fairly large.
2. He should select only those witnesses who possess sufficient knowledge about the
proposed investigation.
3. The investigator should neither completely believe nor disbelieve the information provided
to him/her by the witnesses.
4. To ascertain the accuracy, the investigator should make efforts in making a good
cross-check system.
1. Census method
Census is the process of collecting data from every member of a population, while sampling
is the process of collecting data from a subset of a population.
Merits
1. Intensive study of population
2. High degree of accuracy and reliability
Demerits
1. Expensive
2. Needs more time and manpower
3. Inapplicability
2. Sampling method
Sampling is a method used in statistical analysis in
which a decided number of considerations are taken
from a comprehensive population or a sample survey.
Merits
1. Reduce cost
2. Greater speed
3. Greater accuracy
4. Greater scope
5. Administrative convenience
6. Scientific approach
Demerits
1. Difficult to achieve cent percent accuracy
2. Lack of representativeness of the sample
3.Bisa in the selection of sample
4.Lack of specific or specialised knowledge
5. Not possible in case of heterogeneous population
Type of sampling method ( methods
of sampling)
1. Random sampling => 1. Stratified random sampling
2. restricted random sampling
2.1 stratified random sampling
2.2 system sampling
2.3 cluster sampling
2.4 multistage sampling
2. Non-random sampling =>1. Judgement sampling
2.quota sampling
3.convenience sampling