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Introduction

Question

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Define the concept of universe as used in statistics.

Solution

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

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.

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