Data may be classified into as either ____________.
Quantitative
Qualitative
Both 1 & 2
None of these
In the ______________ sense, statistics means the science of collecting,classifying and using statistics or a statistical fact.
Singular
Plural
______________ refers to qualitative or quantitative attributes of a variable or set of variables.
Data
Policy
Information
Economic facts are known as ___________.
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Full form of GDP.
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
____________ is summarised by calculating various numerical indices such as mean, variance and standard deviation.
Distribution
The numerical measures help to summarise ____________.
_____________ refers to the way total output, income or wealth is distributed among the factors of production.
Production
Consumption
Statistics plays an important role in _____________.
Economics
Mathematics
Physics
All of these