Each Value of Variable Called
In the context of statistics, each value of a variable is called:
- A sample
- An observation — Correct Answer
- A parameter
- A population
Explanation:
Correct Answer Explanation
Each value of a variable is called an Observation.
Key Statistical Terms:
- Variable: A quantity that changes or varies (e.g., food grain production).
- Observation: Each individual value of a variable (e.g., 108 million tonnes in 1970-71).
- Data: A collection of observations.
- Population: The entire group under study.
- Sample: A subset of the population.
- Parameter: A numerical characteristic of the population (e.g., population mean).
📚 About this Topic — CH-2: Collection of Data
This multiple choice question is from CH-2: Collection of Data, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: Collection of Data to strengthen your preparation.
