Statistical Representation of DataMCQPYQ Nov 20Question 2619 of 295
All Questions

You are an auditor of a firm and the firm earns a profit of $67,000$ you stated to them that the annual profit is $67,000$. This is _ type of statistics.

Select Your Answer (Keyboard: A, B, C, D)
For any discrepancies in this question, email contact@cadada.in

Correct Answer

✅ Option a — Descriptive

All Options:

  • ADescriptive
  • BDetailed
  • CNon detailed
  • DInferential

Detailed Solution & Explanation

Statistics can be broadly categorized into descriptive statistics and inferential statistics. Descriptive statistics involves methods for organizing, summarizing, and presenting data in an informative way, such as calculating the mean or reporting actual facts like profits. If an auditor examines a firm's records, finds that the firm has earned a profit of $67,000$, and states that the annual profit is $67,000$, the auditor is simply describing the actual observed financial performance of the firm. There is no estimation, prediction, or hypothesis testing about a larger population. Therefore, this is descriptive statistics. Hence, **Option A** is the correct answer.

About This Chapter: Statistical Representation of Data

Paper

Paper 3: Quantitative Aptitude

Weightage

2-4 Marks

Key Topics

Data, Frequency Distribution, Graphical Representation

This chapter covers Data, Frequency Distribution, Graphical Representation and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 2-4 Marks weightage. Focus on understanding core concepts rather than memorizing.

Related Comparison Tables

Mean vs Median vs Mode: Measures of Central TendencyCondition vs Warranty: Sale of Goods Act Guide

More Questions from Statistical Representation of Data

Mode can be obtained from________

The modes of presentation of data are:

The distribution of income is an example of frequency distribution of

In a frequency distribution, the relative frequency of the class is:

Histogram can be drawn when

Less than ‘o’give curve give

Ready to Master Statistical Representation of Data?

Practice all 295 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free