____________ is the process through which human wants are satisfied.
Distribution
Production
Consumption
None of these
Resources have _____________ uses.
Limited
Wants
Alternative
Statistics plays a vital role in ___________.
Data
Decision making
Both 1 & 2
In the _____________ sense, statistics means numerical facts systematically collected.
Singular
Plural
Statistics deals with __________.
Collection of data
Factors of production
____________ is summarised by calculating various numerical indices such as mean, variance and standard deviation.
Information
Policy
The act of making goods and services is called ____________.
The numerical measures help to summarise ____________.
Data may be classified into as either ____________.
Quantitative
Qualitative
Purchase of goods by consumers to satisfy their various needs is ____________.