Question

WHAT IS THE SCOPE OF STATISTICS ???????





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Answer 1

Answer:

Scope of Statistics:

Statistical data and techniques of statistical analysis are immensely useful in solving economical problems such as wages, price, time series analysis, demand analysis. It is an irreplacable tool of production control. ... Industry statistics are widely used in equality control.

Answer 2

Scope of statistics in economics is explained in detail in our study material. You can refer to the same following the below mentioned path.

Chapter-1 (named as 'Introduction ')- Lesson-2 (named as 'Study of Statistics- Important and Limitations')-under the topic 'Scope of Statistics'

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