Math, asked by yasharsh1785, 1 year ago

Explain scope of statistics in Economics.

Answers

Answered by SibghaGhouri

Statistics is the study of the collection, organisation, analysis, interpretation and presentation of data. It is built up from the field of mathematics known as probability. Probability gives us a way to determine how likely an event is to occur. It also gives us a way to talk about randomness.

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