Question

five important of statistics in economics​

Answer 1

Answer:

$\huge\mathfrak\pink{Hello\:mate }$

Answer 2

Answer:

(1) Statistics helps in providing a better understanding and exact description of a phenomenon of nature.

(2) Statistics helps in the proper and efficient planning of a statistical inquiry in any field of study.

(3) Statistics helps in collecting appropriate quantitative data.

(4) Statistics helps in presenting complex data in a suitable tabular, diagrammatic and graphic form for easy and clear comprehension of the data.

(5) Statistics helps in understanding the nature and pattern of variability of a phenomenon through quantitative obersevations.

Explanation:

Hope it help you and please make me brainlist