Is statistics a solution of our problems or means to indicate pro… - Vidyadip

Question

Is statistics a solution of our problems or means to indicate problems?

✓

Answer

Statistics is only a means to indicate problems. Statistics helps us to collect data, organise analyse and then interpret it to find solutions to our problems. Statistics does not provide readymade solutions. Solutions have to be provided by the investigator on the basis of data collected.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Introduction→Introduction — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

State and illustrate mathematical properties of median.

What is meant by complementary goods ?

Who is a consumer?

Which average would be suitable in the following cases?
Average wage in an industrial concern.

Classify the following as microeconomics or macroeconomics:
(i) A households decision on how much to save.
(ii) The effect of government regulations on industrial pollution.
(iii) Impact of higher capital formation on growth.
(iv) Firm X's decision on how many people to hire.
(v) GDP of Indian economy.
(vi) Higher wages paid to nurses solving the problem of shortage of nurses.
(vii) Fall in the market price of stocks.
(viii) Economising of resources by an individual.

Give the formula of weighted arithmetic mean.

Describe any three merits of census method.

Give one weakness of absolute measure of dispersion.

Give the formula of calculating median in continuous frequency distribution.

Give the formula for a simple aggregative price index.