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I
Question Practice

How does understanding statistics aid in policy formulation?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Introduction
Question Bank

How does understanding statist...

Single Answer MCQ
Q-00062568

How does understanding statistics aid in policy formulation?

1

By allowing decisions based solely on intuition

2

By providing accurate data that inform policy decisions

3

By simplifying complex data into only qualitative measures

4

By ignoring the influence of economic trends

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