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ACTIVITY 1: Write your own idea on the following questions. Write it in a separate sheet of paper (10 pts each) A. State in your own words why is it important for you to know statistics? B. Can the field of economics survive without statistics? Why or why not?​

Sagot :

Answer:

Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions.

Economics is a social science about how people use and exchange limited resources like food, labor, minerals, and, yes, money. As an even shorter definition, one could say it is the study of scarcity and choice.

Step-by-step explanation:

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