relating to collection, classification, presentation,
of quantitative data
10. Define Statistics as a plural noun.
Ans. In the plural sense, Statistics refers to information in terms of numbers
population statistics, employment statistics, statistics concerning public
11. What is meant by descriptive statistics?
Ans. Descriptive statistics refers to those methods which are used for the
well as analysis of data. These methods relate to such estimations
tendencies', 'measurement of dispersion', 'measurement of correlation
12. What is meant by inferential statistics?
Ans. Inferential statistics refers to all such methods by which conclusions are
or population on the basis of a given sample.
2. Short Answer Type Questions
Scarcity causes economic problem. How?
2. Problem of choice is unavoidable in the ordinary business of life. Ho
3. Explain how scarcity is the undercurrent of Economics.
4. Briefly explain the three distinct components of Economics.
5. Distinguish between microeconomics and macroeconomics.
6. Define Statistics as a singular noun and as a plural noun.
Name the stages of statistical study and statistical tools for the pre
8. Distinguish between 'quantitative' and 'qualitative data, and gives
9. Write three sentences highlighting the importance of Statistics in E
10. What are the main features of Statistics as a numerical data? Des
11. State the main limitations of Statistics.
12. "Statistical methods are dangerous weapons in the hands of an u
Concept of Economics and Signif
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Answer:
10. But 'statistics' has a plural meaning as well. A 'statistic' is a numerical fact, or a piece of numerical information or data, and collections of such things are called 'statistics' plural. So statistics (plural) are part of the concern of statistics (singular).
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