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Questions Related to step towards making a project

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

In ________ method, there are no chances of errors.

  1. census

  2. sample

  3. questionnaire

  4. interview

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

While the census method covers every item, it is technically prone to errors (like non-response or recording errors). However, in the context of introductory textbooks, it is often contrasted with sampling as having no 'sampling error'.

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

Fill in the blanks from the alternatives given in the brackets.
Random sampling is sampling by _________.

  1. chance

  2. choice

  3. purpose

  4. quota

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

Random sampling is a method where every item in the population has an equal chance of being selected. It relies on probability rather than human choice or purpose.