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!

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5 challenging questions
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Enhance your understanding of data analysis

5 Questions1 MinutesCreated by CalculatingData42

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

Economic Statistics

Economic Statistics Quiz

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