Question

Identify the incorrect statement regarding Statistics.

• A. Statistical techniques can be used to analyse mass of data
• B. Statistical techniques can be used to make predictions based on data
• C. Statistical results can be used without interpretation
• D. Statistical techniques can be used to identify the causes of an economic problem

Answer 1

The correct option is C

Statistical results can be used without interpretation

Statistics is an important tool in the study of Economics. However, statistical results need to be interpreted in the context of the data before making decisions based on these results.