Economics · Introduction to Statistics
Which of the following statements about the nature of statistics is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statistics is completely irrelevant to policy formulation.
- 2Statistics primarily analyses aggregates of facts rather than isolated individual items.✓
- 3Statistics deals only with perfect mathematical accuracy in every single measurement.
- 4Statistics can prove anything with absolute certainty.
Correct answer
Statistics primarily analyses aggregates of facts rather than isolated individual items.
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