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I
Question Practice

What is the significance of finding relationships between economic factors using statistics?

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

What is the significance of fi...

Single Answer MCQ
Q-00062567

What is the significance of finding relationships between economic factors using statistics?

1

To prove the irrelevance of data

2

To enhance decision-making and policy formulation

3

To ensure data collection is unnecessary

4

To avoid misunderstandings in economic analysis

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