Accountancy, asked by zainabafsar878, 11 months ago

How statistics related to home economics?

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Answered by subham15167

The work of both economists and statisticians includes the analysis of data, but economists focus on market data while statisticians work to improve methods of data collection. Learn more about these two careers, and get salary and job outlook statistics.

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Answered by umang1990

Answer:

Statistics is a data interpretation tool used for collecting, classifying and analyzing data. ... Broadly speaking, statistics helps in : analyzing various economic problems such as inflation, unemployment etc by looking at numbers, trends over the years.

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