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In economics, what is the role of statistics?
  • a)
    To replace common sense
  • b)
    To provide qualitative data
  • c)
    To analyze and evaluate economic problems
  • d)
    To create unlimited resources
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In economics, what is the role of statistics?a)To replace common sense...
Statistics in economics is used to analyze and evaluate economic problems, understand patterns, and formulate policies based on data.
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In economics, what is the role of statistics?a)To replace common senseb)To provide qualitative datac)To analyze and evaluate economic problemsd)To create unlimited resourcesCorrect answer is option 'C'. Can you explain this answer?
Question Description
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