Question

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Features Of Statistices Sense as Numerical Data.

Functions Of Statistices.

Limitations Of Statistics.

Why Study Economics?

What is Scarcity?

Economic Problems.

Positive Economics.

Normative Economics.

What is Microeconomics? With Example.

What is Macroeconomic?With Example.

Production Possible Curve (PPC).

Assumptions.


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Answer 1

Answer:

2 i)Statistics deal with groups and aggregates only.

ii) Statistical methods are best applicable to quantitative data.

(iii) Statistics cannot be applied to heterogeneous data.

(iv) If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be