Statistics deals with __________.
Collection of data
Factors of production
Both 1 & 2
None of these
Purchase of goods by consumers to satisfy their various needs is:
Production
Consumption
Distribution
Statistics summarises and presents a meaningful overall information about a mass of ____________.
Data
Information
Policy
The root of all economic problems are:
Wants
Resources
Scarcity
Limited
Data may be classified into as either:
Quantitative
Qualitative
Quantitative or Qualitative
______________ refers to qualitative or quantitative attributes of a variable or set of variables.
The act of making goods and services is called:
Profit
The census or sample techniques are used in:
Organisation of data
Analysis of data
Interpretation of data
Which is the first stage of statistical study?
Presentation of data
Economic facts are known as:
Statistics