Tag: basic statistics for economics

Questions Related to basic statistics for economics

Statistics studies _________ information.

  1. qualitative

  2. quantitative

  3. isolated

  4. nominal


Correct Option: B
Explanation:

Statistics deals with collection, organisation, analysis and interpretation of numerical data, thus, the data here is quantitative. It is a branch of mathematics used for research and drawing conclusions from quantitative data.

Statistics is affected by _________ of facts.

  1. isolation

  2. multiplicity

  3. fraction

  4. None of these


Correct Option: B

Statistics are _________ of facts.

  1. average

  2. isolation

  3. aggregate

  4. multiplication


Correct Option: C

Statistics is a __________.

  1. science

  2. art

  3. language

  4. mathematics


Correct Option: A

The term statistics is derived from the ______ word which means status.

  1. Greek

  2. Latin

  3. Arabic

  4. Sanskrit


Correct Option: B

State whether the following statements are True or False.
Statistics is a science.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics does not deal with Interpretation of Data.

  1. True

  2. False


Correct Option: B

State whether the following statements are True or False.
Statistics present data in a precise manner.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics is affected by multiplicity of causes.

  1. True

  2. False


Correct Option: A

State True / False. Give Reasons.
Statistics is affected by the multiplicity of causes.

  1. True

  2. False


Correct Option: A