Statistics in Economics
Statistics in Economics: Overview
This topic covers concepts, such as, Functions of Statistics and Statistics in Economics etc.
Important Questions on Statistics in Economics
Identify the correct statements regarding Statistics.
Statistics is not important in speculation market.
Saving is the part of income which is not consumed.
Statistics are often used in
He is known as the father of modern statistics:
Identify the correct sentence from the following options:
Which of the following is a branch of statistics?
How often do you use computers?
Which of the following is the most important when you buy a new dress?
Statistical methods are no substitute for common sense. Comment with examples from your daily life.
‘The Government and policy makers use statistical data to formulate suitable policies of economic development’. Illustrate with two examples.
Mark the following statements as true or false: (iii) Statistics is of no use to Economics without data.
Mark the following statements as true or false: (ii) Statistics solves economic problems.
Mark the following statements as true or false: (i) Statistics can only deal with quantitative data.
