ECONOMICS

CHAPTER 3

ORGANISATION OF DATA

BY VIRAJ JAIN.R
 TABLE OF CONTENTS

01 Definition 05 Example

02 Importance 06 Applications

03 Uses in economics 07 Quiz

04 How to calculate 08 Conclusion

BIVARIATE
BI | VARIATE
BI | VARIATE
TWO
BI | VARIATE
TWO VARIABLES
BEVARIATE
FREQUENCY DISTRIBUTION

DEFINITION

The distribution is known

as a bivariate frequency
distribution when the data
is classified based on two
variables. Its goal is to
figure out how the two
variables are related
empirically. Another name
for it is two-way frequency
distribution
 BEVARIATE
FREQUENCY DISTRIBUTION

DEFINITION IMPORTANCE

The distribution is known Bivariate frequency

as a bivariate frequency distribution can help identify
distribution when the data patterns and relationships in
is classified based on two data sets that may not be
variables. Its goal is to immediately apparent
figure out how the two
variables are related
empirically. Another name
for it is two-way frequency
distribution
 BEVARIATE
FREQUENCY DISTRIBUTION

DEFINITION IMPORTANCE USES IN ECONOMICS

The distribution is known Bivariate frequency This technique is commonly

as a bivariate frequency distribution can help identify used in economics to
distribution when the data patterns and relationships in analyze the relationship
is classified based on two data sets that may not be between two economic
variables. Its goal is to immediately apparent variables, such as price and
figure out how the two quantity demanded.
variables are related
empirically. Another name
for it is two-way frequency
distribution
 HOW TO CALCULATE
BIVARIATE FREQUENCY

The frequency distribution of a single variable is referred to as a univariate distribution. A two-way

table can be used to summarise a data set that contains a large number of observations. Two
variables, say X and Y, are associated with a two-way table. A number of classes can be defined for
each variable, with the same considerations as in the univariate case.

There will be m, n cells in the two-way table when there are m classes for X and n classes for Y. In a
two-way table, the classes of one variable can be arranged horizontally and the classes of another
variable can be arranged vertically. We can find the frequency for each cell by going through the
pairs of X and Y values. A bivariate frequency distribution will then be defined by the entire set of
cell frequencies. A bivariate frequency distribution, in other words, is the frequency distribution of
two variables.
 EXAMPLE

The frequency distribution of two

variables, age and marks, obtained by
50 students in an skilful test, is shown.
The marks classes are arranged
horizontally (rows), while the age
classes are arranged vertically
(columns). The frequency of the
corresponding row and column values
is displayed in each cell. For example,
there are five students in the class of
20 – 22 years old with grades in the
30 – 40 range
 Application of Bivariate Frequency Distribution in Economics

Pricing Strategy
Bivariate frequency distribution can help in
developing new products by identifying any
correlation between customer preferences
and product features

1 2 3

Market Demand and Supply Analysis Product Development

Bivariate frequency distribution can be
used to analyze supply and demand in a
market. It can help determine how changes
in price and quantity demanded/supplied
are related
Bivariate frequency distribution can help in
developing new products by identifying
any correlation between customer
preferences and product features.
What is bivariate frequency?
 What is bivariate frequency?

The distribution is known as a bivariate frequency distribution when

the data is classified based on two variables.
What is the importance of bivariate
frequency?
What is the importance of bivariate
frequency?
It helps in identifying the patterns and relationships in
data sets
What are the applications?
What are the applications?

Analysis of market demand and supply

Strategizing price
Developing new products
 CONCLUSION
Data which are primarily or secondarily
collected are raw and unclassified data. In order
for comprehending and better understanding of
the data collected, it must be
classified/organized. Learning techniques to
classify data makes it easy for one to construct
frequency distribution, for both continuous and
discrete variables. After classification, further
steps can be taken such as presenting,
summarizing etc. which we will learn in
upcoming chapters in statistics for economics.
THANK YOU