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I
Question Practice

Why is statistics important in solving economic problems?

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

Why is statistics important in...

Single Answer MCQ
Q-00062603

Why is statistics important in solving economic problems?

1

It provides absolute answers to all economic questions.

2

It helps analyze data to formulate effective policies.

3

It eliminates the need for economic theories.

4

It guarantees economic success.

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