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Introduction
Question
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Define the concept of universe as used in statistics.

Answer

In statistics universe or population refers to an aggregate of items to be studied for an investigation.   

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Some More Questions From Introduction Chapter

What is production ?

What is saving ?

Define investment.

Who are the agents of production ?

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.