____________ helps in condensing mass data into a numerical measures.
Economics
Marketing
Statistics
Public finance
Economic facts are in the form of .....................
Policy
Data
Information
____________ is the process through which human wants are satisfied.
Distribution
Production
Consumption
Profit
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Limited
____________ involves collection and organizing of data.
Policies
Variables
Statistics deals with
Collection of data
Factors of production
Information technology
_____________ is the study of the collection, organization, analyzing and interpretation of data.
Demand
Supply
Statistics plays an important role in
Mathematics
Physics
All the above
In statistics is the first step is
Diagrammatic and graphic representation
Calculating various numerical data
Collection and organization of data
Analysis of data
The word statistics is used in ___________ distinct senses.
Two
Three
Four
Five
