when economics facts are expressed in statistical terms ,they become
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Answer:
they become index
Explanation:
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Answer:
When economic facts are expressed in statistical terms, they become exact.
Explanation:
- Exact facts are way more convincing than random and vague statements.
- For example, if we were to give exact figures while delivering news about the number of people who died, it would sound more authentic.
- On the other hand, merely saying that a large number of people died sounds very vague.
- Hence statistics plays a huge role here.
- It also assists in the condensation of mass data into a few numerical
- measures like mean and variance.
- When it comes to economic facts, their expression in statistical terms helps them become exact.
- Statistics help us present a meaningful overall information about the economic facts.
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