Introduction-Statistics

Front

Which of the following is NOT an economic activity?

• Production of books
• Investment in stocks
• Donation of blood
• Consumption of Ice creams

Back

Donation of blood

Front

Why is economics considered an art?

Back

It gives practical application of scientific principles.

Front

Activities undertaken to earn a living are known as

Back

Economic activities

Front

_______ is a person who buys goods and services for the satisfaction of his/her wants.

Back

Consumer

Front

Which economist is known as the "Father of modern economics"?

Back

Adam Smith

Front

Statistics in singular sense means

Back

Statistical procedure

Front

Distrust of statistics is due to

Back

Misuse of statistics

Front

Statistics in plural sense means

Back

Quantitative data

Front

Statistics in singular sense includes: Collection of data, Organisation of data, Analysis of data, All of these

Back

All of these

Front

Statistics is defined in terms of numerical data in

Back

Plural sense