SS1: ECONOMICS - 1ST TERM
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Introduction to Economics | Week 13 Topics|1 Quiz
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Basic Concept of Economics | Week 24 Topics|1 Quiz
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Basic Tools for Economic Analysis | Week 38 Topics|1 Quiz
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Measure of Central Tendency | Week 44 Topics|1 Quiz
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Theory of Demand & Supply I | Week 55 Topics|1 Quiz
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Theory of Demand & Supply II | Week 67 Topics|1 Quiz
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Theory of Production I | Week 77 Topics|1 Quiz
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Theory of Production II | Week 84 Topics|1 Quiz
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Basic Economic Problems of the Society | Week 91 Topic|1 Quiz
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Economic System | Week 104 Topics|1 Quiz
Tables
Topic Content:
- Definition of a Table
- Importance of Tables
- Steps in Constructing a Table
A Table is the systematic arrangement of data in rows and columns. It is a statistical tool, used to represent information, in order to make data meaningful. It is an orderly arranged list of information, which summarizes information for understanding and interpretation.
Importance of Tables:
1. Tables enable the comparison of figures.
2. It helps us to interpret information easily.
3. Table enables us to forecast for the future.
4. It enables us to summarize mass data and information, into a few words, for easy understanding. Quick decisions can be taken based on the data presented in tables.
5. It guides us on how to make decisions based on the data presented.
6. It prevents repetitions.
7. It contains many rows and reveals at a glance the information that is being used.
8. Tables show the unit of measurement.
9. Tables present the relationship between variables and the proper arrangement of information.
10. It ensures the methodological arrangement of data.
Steps in Constructing a Table:
1. The title and source of information must be properly stated.
2. The unit of measurement must be clear.
3. Tables must not be complex.
4. The numerical information must be stated.
5. It must be easy to understand.
Example:
The table below shows the amount of millet produced in the year 2015 – 2018.
Years | Bags of Millet |
2015 | 600 |
2016 | 800 |
2017 | 900 |
2018 | 1000 |