The root of all economic problems are:
Wants
Resources
Scarcity
Limited
______________ refers to qualitative or quantitative attributes of a variable or set of variables.
Data
Policy
Information
None of these
The ___________ is the one who consumes the goods and services produced.
Producer
Consumer
Seller
The act of making goods and services is called:
Distribution
Consumption
Production
Profit
Statistics summarises and presents a meaningful overall information about a mass of ____________.
Which is the fourth stage of statistics?
Analysis of data
Presentation of data
Collection of data
Interpretation of data
What is summarised by calculating various numerical indices such as mean, variance and standard deviation?
___________ finds economic relationships using data and verifies them.
Economics
Statistics
Market
Data may be classified into as either:
Quantitative
Qualitative
Quantitative or Qualitative
Statistics plays an important role in:
Mathematics
Physics
All of these