Question

Suppose 30 percent rise in prices have been due to several causes, like reduction in supply, increase in demand, shortage of power, rise in wages etc. which feature of statistical data does it indicate?

Answer 1

Feature of statistical data for  30 percent rise in prices

Explanation:

• Statistical data is effected by many factors like rise in prices have been due to several causes, like reduction in supply, increase in demand, shortage of power, rise in wages etc.

• It is not easy to study the effects of  rise in prices only by ignoring the effects of other factors.

• There can be inflation when there is rise in prices and business man can earn a lot of profit. Certain poor families suffers a lot due to rise in prices.

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which feature of statistical data does it indicate?

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Answer 2

numerically expressed

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