Economic Statistics
Economic Statistics Quiz
Test your knowledge of economic statistics with this engaging quiz designed for students, professionals, and anyone interested in the field. Learn about descriptive and inferential statistics, data types, sample selection methods, and more!
Key Features:
- 5 challenging questions
- Instant feedback on your answers
- Enhance your understanding of data analysis
Which of the following is the goal of descriptive statistics?
A. To estimate characteristics of the population.
B. To display aspects of the collected data.
C. To summarise data.
D. To summarize data and display aspects of the collected data.
In this Hospital, blood group report of patients is an example of
Numerical data
Ordinal data
None of the above
Nominal data
Inferential statistics is a process that involves all of the following EXCEPT
analyze relationships
Test a hypothesis
Estimating a statistic.
Estimating a parameter
A procedure used to select a sample of n objects from a population in such a way that each member of the population is chosen strictly by chance, each member of the population is equally likely to be chosen, and every possible sample of a given size, n, has the same chance of selection is known as
Statistical thinking
Descriptive statistics
simple random sampling
Inferential statistics
Both descriptive and inferential statistics are used to change data into information which in turn is converted into _____________ that leads to better decision making
Knowledge
A parameter
A process
A forecast
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