BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The correct answer is Classification. The process of arranging facts in groups according to their resemblances and affinities is called Classification.

Detailed explanation-2: -Step 1: Identify the highest and the lowest (least) data values in the given observations. Step 2: Find the difference between the highest and least value. Step 3: Now, assume the number of class intervals we need (usually 5 to 20 classes are suggested to take based the number of observations).

Detailed explanation-3: -Tabulation or Presentation of Data A systematic arrangement of the data in a tabular form is called tabulation or presentation of the data. This grouping results in a table called the frequency table which indicates the number of observations within each group.

Detailed explanation-4: -TABULATION. Meaning Classification is the process of grouping data into different categories, on the basis of nature, behavior, or common characteristics. Tabulation is a process of summarizing data and presenting it in a compact form, by putting data into statistical table.

Detailed explanation-5: -There is a fundamental difference between classification, which is abstract and definitive, and grouping, which depends on the characteristics of a particular sample or set of observations that is concrete and is thus descriptive.