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    Chapter 1

    Uploaded by

    api-242178754

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Chapter 1 Introduction Statistics: Collection of data or numerical facts systematically collected. Statistical data can be qualitative and quantitative.

    . Statistics find economic relationship using data and verifies them. Economic Activities: 1. Production 2. Distribution 3. Exchange 4. Capital formation or investment. Limitation of Statistics: 1. Statistics does not study individual. 2. Statistics deals with quantitative facts.

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