Statistics deals with __________.
Collection of data
Factors of production
Both 1 & 2
None of these
Data may be classified into as either ____________.
Quantitative
Qualitative
_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
Purchase of goods by consumers to satisfy their various needs is ____________.
Production
Consumption
Distribution
______________ refers to qualitative or quantitative attributes of a variable or set of variables.
Data
Policy
Information
Statistics summarises and presents a meaningful overall information about a mass of ____________.
In the ______________ sense, statistics means the science of collecting,classifying and using statistics or a statistical fact.
Singular
Plural
The word statistics is used in ___________ distinct senses.
Two
Three
Four
In the _____________ sense, statistics means numerical facts systematically collected.
__________ is the root of all economic problems.
Wants
Resources
Scarcity