Question

which of the following is not an importance of statistics?
a. economic forcasting
b. formulation of policies
c.prone to misuse
d. economic equilibrium
e.other________________​

Answer 1

Answer:

I think 3rd is right

Explanation:

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Answer 2

Option c is the correct answer.

Prone to misuse is not an importance of statitics. It can be a drawback of statistics but it is does not show the importance.

Importance of statistics are as follows:

1. It is used for making economic forecasting.
2. It is used for the formulation of policies.
3. It is used to understand the market behaviour and how economic equilibrium can be achieved.
4. It is used to make comparisons between given data sets.
5. It is used to express the economic problems in quantitative terms.
6. It is used to make economic theories.