Tag: some mathematical tools used in economics
Questions Related to some mathematical tools used in economics
State whether the following statement is true or false.
Indirect investigator is useful for the enquiry of complex problems.
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Questionnaire method is used to collect secondary data.
State whether the following statement is true or false.
Larger the size of samples, greater will be the accuracy.
State whether the following statement is true or false.
Collection of primary data is time consuming.
State whether the following statement is true or false.
Lottery method is an example of random sampling.
State whether the following statement is true or false.
Secondary data is original data.
If P(A)3/8, P(B)5/8, and P(A \ B)3/4, find P(B/A).
State whether the following statement is true or false.
Statistics deals with the interpretation of data.
_______ is a point of reference in comparing various data describing individual behaviour.
In a grouped data, the number of classes preferred are __________.