Statistics plays an important role in _____________.
Economics
Mathematics
Physics
All of these
____________ is the process through which human wants are satisfied.
Distribution
Production
Consumption
None of these
___________ finds economic relationships using data and verifies them.
Statistics
Market
____________ helps in condensing mass data into a numerical measures.
Marketing
Full form of GDP
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
The numerical measures help to summarise ____________.
Information
Data
Policy
Who is the provider of goods or services?
Seller
Consumer
Producer
In the _____________ sense, statistics means numerical facts systematically collected.
Singular
Plural
Both 1 & 2
Statistics plays a vital role in ___________.
Decision making
Manufacture of goods by produces for the market is ____________.