Economy, asked by vaishalibuchiya66, 7 months ago

explain the importance of statistics in economics class 11th

Answers

Answered by hafsahussain

Explanation:

In economics research, statisticalmethods are used to collect and analyze the data and test hypotheses. The relationship between supply and demand is studied by statisticalmethods; imports and exports, inflation rates, and per capita income are problems which require a good knowledge of statistics.

Previous Question

Next Question

Similar questions

Math, 3 months ago

Which form of graph would be appropriate to display the following data. AND WRITE 70 2006 1. Production of food grains of a state. Year 2001 2002 2003 2004 2005 Production 60 50 55 (in lakh tons) 2. Choice of food for a group of people. Favourite food Number of people North Indian 30 80 85 South Indian 40 Chinese 25 Others 25 Total 120 3. The daily income of a group of a factory workers. Daily...

Science, 3 months ago

What is sexual relation between man and women?

Computer Science, 3 months ago

Pls give the correct answer..i will mark brainliest if its correct...

Math, 7 months ago

find -3/4 + 5 rational numbers...

English, 7 months ago