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Introduction
Question
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What is the importance of statistics in economic planning ?

Answer

Statistics is the base upon which the structure of economic planning is built. Economic planning is based on quantitative information and data relating to economic resources, price rise, national income etc.

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Some More Questions From Introduction Chapter

Define economic problem.

Define Statistics as a plural noun.

Define statistics as a singular noun.

Would it be called statistics if it is said that there are 2000 students in our school ?

Name the stages of statistical study.

Define the concept of universe as used in statistics.

Define statistics.

What was statistics called during the ancient times ?

What is quantitative variables ?

What are the statistical tools ?