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CBSE Class 11-commerce Answered

Q.1) Defind/concept expaiexpla. statistics ? ​​​​​Economics growth ? hyder electricity ? Survival rate ? Index number ? ​​​​​​​Communication ?
Asked by sk9945645 | 28 Mar, 2019, 08:45: PM
answered-by-expert Expert Answer

Statistics is the science which deals with the methods of collecting, classifying, presenting, comparing and interpreting the numerical data to analysis the particular area of study.

Index Number: Is a method that helps us find the percentage change in the value of goods or production of different commodities over time with reference to some base year to make a comparison. 

Economic growth: is the increase in the quantity of goods and services produced in an economy during a period of time.

 
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