The core of data sufficiency question is similar to Maths or Quantitative Comparison (QC) questions, but the scope and relative frequencies of the problem type vary. Importantly, knowledge of mathematics is of little or no use in preparing for these questions.
Data Sufficiency problem can be considered to have 3 parts
Let us discuss each part one by one:
Original information
Original information is the information given at the beginning of the question including the diagram (if any), which is to be used in considering both of the statements. In one quarters to one half of the problems, there will be no given information separate from the question.
When a diagram is a part of the given information, it will conform to the rest of the given information but might not conform to one or both of the statements.
Question Stem
The questions that are asked in DS problems can be divided into two types according to the type of answer they require. The first type asks for a specific number as an answer.
Secondly type of questions requires ‘yes’ or ‘no’ as an answer. Usually one third of the questions will ask yes/no questions; the remainder will ask for specific number.
Statements
The two statements can contain any sort of information that is appropriate to the problem and could even have diagram associated with them, though that is rare. Each statement will give a particular fact or describe a relationship, even two facts or relationships.
Measures of Central Tendency
The most common measures of central tendency are:
Mean
If x_{1, }x_{2, }x_{3, ……………………………………….}x_{n }are the n numbers, then the mean if numbers will be
In the frequencies of variables x_{1, }x_{2}, x_{3……………………………..}x_{n }are f_{1, }f_{2, }f_{3……………………………………}f_{n }respectively the
Median
If the n values in a raw data are arranged in ascending or descending order. Then, the middle value is called the median.
Mode
The value which occurs most often in a data is the mode. In the other words, the data value having the highest frequency is called mode.
(i) Mode of ungrouped data x_{1},x_{2},x_{3},…,x_{n} are the given data values and a value x_{k} is repeated maximum number of times, that is, x_{k} has the highest frequency, then the mode is x_{k}.
(ii) Mode of grouped data Locate the class having the highest and the lowest frequency in the frequency table. The class having the maximum frequency table. The class having the maximum frequency is called the model class and the mode of such distribution is given by
Where, l = lower limit of the model class
f_{m} = frequency of the model class (maximum frequency)
f_{1 } = frequency just before ht model class
f_{2 }= frequency just after the model class
i = width of the class interval
An important relation: An approximate relation between the arithmetic mean, medium, and mode for a given data distribution is
Geometric Mean (GM)
(i) GM for ungrouped data Let x_{1},x_{2},….x_{n} be the n given data values. Then
GM = (x_{1},x_{2},x_{3}…x_{n})^{1/n}
(ii) GM of grouped data Let data values x_{1},x_{2},….x_{n} have respective frequencies f_{1},f_{2},f_{3}….f_{n}; now if G is the geometric mean, then
Note: Geometric mean is used to obtain the rate of population growth, rate of interest, and in the formation of index numbers.
Harmonic Mean (HM)
(i) HM of ungrouped data Let x_{1},x_{2},x_{3},…,x_{n} be the given data values, Then the harmonic mean H is given by
(ii) HM of grouped data let x_{1},x_{2},x_{3},…x_{n} have respective frequencies on f_{1},f_{2},f_{3}….f_{n} then the Harmonic mean H is given by
Note: (a) If A is the arithmetic mean, G the geometric mean, and H the harmonic mean of a data distribution, then
(b) Harmonic mean proves useful in cases such as finding the average speed when the speed for different parts of journey are given as distance per unit time.
Formulas for Statistics
1. Crude Birth Rate: It is defined as the number of births per 1,000 of the population.
2. Crude Death Rate: It is defined as the number of deaths per 1,000 of the population.
3. Specific Death Rate: It is defined as the number of deaths per 1,000 of the population in a specified class in a given year.
4. Infant Mortality Rate: It is an important specific death rate. It is the number of infants under one year of age dying in a year per 1,000 live births in the same year.
5. Standarized Death Rate: It is given by
Where, S_{x} = Standardized population for group x
and D_{x} = Specific death rate for group x
6. Price Index Number: It is given by
7. Cost of Living Index: It is given by
Where, p_{0i} = Price of a commodity in the base year
p_{1i} = Price of commodity in the current year
q_{0i} = Quantity of the commodity consumed in the base year.
Median
If the n values in a raw data are arranged in ascending or descending order. Then, the middle value is called the median.Sangli Urban Co-Operative Bank Ltd Recruitment 2018 for 8 AGM and Branch Manager Posts
SBI PO Admit Card 2018 for Prelims Exam Released, This's How You can Download
BOB PO 2018: Syllabus, Exam Pattern, Eligibility, Course Details, Important Dates
Bank of Baroda Recruitment 2018, 600 Vacancies for Probationary Officer (Bank PO) Notified