Question

[dummy question - to replace with video] Which of the following requires the use of statistics?

• A. Study of the relationship between economic factors.
• B. Economic planning for the future.
• C. Presenting a mass of data in a condensed form suitable for comparison
• D. All of these

Answer 1

The correct option is D All of these

Statistics is an integral part of economics. It is used to study the relationship between economic factors, for economic planning for the future. It can be used to make sense of a mass of data, compare and present data.