Target Exam

CUET

Subject

Economics

Chapter

Introduction to Statistics

Question:

What does the subject 'Statistics' primarily deal with?

Options:

Collection and interpretation of non-numerical data

Analysis and presentation of numerical data

The study of Economics data

The calculation of mean, variance, and standard deviation

Correct Answer:

Analysis and presentation of numerical data

Explanation:

The correct answer is option 2: Analysis and presentation of numerical data

Statistics primarily deals with the analysis and presentation of numerical data. It involves collecting data, summarizing it through measures like mean, variance, and standard deviation, and then using statistical methods to analyze relationships, trends, and patterns within the data. Statistics is essential in fields ranging from scientific research and economics to social sciences and business, where numerical data are analyzed to make informed decisions and draw conclusions.