CBSE · Class 11 · Economics · Introduction to StatisticsWhat is the primary function of statistics in economics?
Step-by-Step Solution
Statistics helps in understanding economic problems and formulating policies by simplifying complex data.
Detailed Options Breakdown
Option : To complicate economic theories
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Introduction to Statistics.
Option 1: To provide numerical expression to economic facts (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: To create unemployment
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Introduction to Statistics.
Option 3: To restrict trade
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Introduction to Statistics.
💡 Study Guide: This question tests core syllabus concepts from Introduction to Statistics. For formulas, key summaries, and mock exam reference guides, read the full Introduction to Statistics Revision Notes.