Question

which of the following is not an importance of statistics? option a) ecnomic planning b) numerically expressed c) formulation of policies d) inter sectoral comparisons​

Answer 1

Answer:

formulation of pollution is correct answer

Answer 2

The formulation of policies is not important for statistics.

• Creating statistics simplifies the mass of data.
• It helps to get concrete information about any problem.
• The idea helps for reliable and objective decision-making.
• It also presents the facts in a precise and definite form.
• Helps to understand the magnitude of economic problems through its quantitative expressions.
• Also increases the individual knowledge and experience.
• Establishing Inter-sectoral and Inter-temporal cause and effect relationships of economic theories.