_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
Investor
Statistics deals with
Collection of data
Factors of production
Information technology
Distribution
The word statistics is used in ___________ distinct senses.
Two
Three
Four
Five
In statistics is the first step is
Diagrammatic and graphic representation
Calculating various numerical data
Collection and organization of data
Analysis of data
Statistics plays an important role in
Economics
Mathematics
Physics
All the above
One who buys goods to satisfy his own or other persons needs is called
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Limited
The ___________ is the one who consumes the goods and services produced.
Distributor
____________ involves collection and organizing of data.
Policies
Statistics
Variables
____________ is summarised by calculating various numerical indices such as mean, variance and standard deviation.
Data
Information
Policy
