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Introduction

Question

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Is statistics a science or an art ?

Solution

Statistics is a science as well as an art. As a science it studies data. As an art it is the use of data in the solution of various problems,

Some More Questions From Introduction Chapter

Who is a consumer ?

What is consumption ?

Who is a producer ?

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.

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