What are the facts and figures that are collected, analysed and summarized for presentation and interpretation?
Data
Information
Policy
None of these
The process through which human wants are satisfied.
Distribution
Production
Consumption
Manufacturing
What is summarised by calculating various numerical indices such as mean, variance and standard deviation?
The census or sample techniques are used in:
Organisation of data
Analysis of data
Collection of data
Interpretation of data
Data may be classified into as either:
Quantitative
Qualitative
Quantitative or Qualitative
Statistics plays an important role in:
Economics
Mathematics
Physics
All of these
Economic facts are known as:
Statistics
Statistics plays a vital role in:
Decision making
Both 1 & 2
_____________ refers to the market value of all final goods and services produced in a country in a given period.
GDP
NDP
National Income
Personal Income
The last stage of statistical study is:
Presentation of data