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Multiple choice some mathematical tools used in economics step towards making a project basic statistics for economics economics

Statistics studies _________ information.

  1. qualitative

  2. quantitative

  3. isolated

  4. nominal

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statistics deals with collection, organisation, analysis and interpretation of numerical data, thus, the data here is quantitative. It is a branch of mathematics used for research and drawing conclusions from quantitative data.