Testing Statistics knowledge

Identify the qualitative statemen?

• Height of students

• Marks of students

• Intelligence of students

• Pocket money of students

Do you think Statistics can be depended on blindly?

• yes

• no

• not sure

Economics is divided into three parts:

• Consumption, Production, Data Collection

• Consumption, Production, Distribution

• Conserve, Production, Distribution

• Capital, Produce, Data collection

Which of the following statement is incorrect?

• Statistics are collected with pre-determined purpose

• Statistics helps in forecasting

• Statistics is estimated with reasonable accuracy

• All numbers are statistics

Samuelson gave (a)   definition of economics.

Is scarcity the root cause of all economics problems?

• True

• False

The definition given by Adam Smith revolves around_____

• Welfare

• Wealth

• Scarcity

• Goods

Statistics deals with the collection, presentation, analysis and interpretation of quantitative information. This statement defines statistics in (a)   sense.

Organization of data is the first stage of statistical method

• True

• False

Person who provides his/her services and gets payment in return.

• Producer

• Consumer

• Service Holder

• Service Provider