Question

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12. What is meant by inferential statistics?
Ans. inferential statistics refers to all such methods by which conclus
the universe or population on the basis of a given sample
2. Short Answer Type Questions
1. Scarcity causes economic problem. How?
2. Problem of choice is unavoidable in the ordinary business of
3. Explain how scarcity is the undercurrent of economics
4. Briefly explain the three distinct components of economics
Moistinguish between microeconomics and macroeconomics
16. Define Statistics as a singular noun and as a plural noun
wathe the stages of statistical study and statistical tools for
8. Distinguish between 'quantitative and qualitative data, a
9. Write three sentences highlighting the importance of sta
10. What are the main features of Statistics as a numeri​

Answer 1

Answer:

Scarcity causes economic problem. How?

ans, === Resources such as land, labour and capital are limited in relation to their demand and economy cannot not produce all that people required to satisfy themselves. ... If there is abundant or sufficient resources then there will not be any problem in an economy. Hence, scarcity leads to economic problem.

Answer 2

Puchna kya h sho se pucho