Statistical Description of DataMTP May 19Question 2652 of 295
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Statistics is applied in

Options

AEconomics
BBusiness Management
CCommerce and Industry
DAll of these
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Correct Answer

✅ Option d — All of these

All Options:

  • AEconomics
  • BBusiness Management
  • CCommerce and Industry
  • DAll of these

Detailed Solution & Explanation

Statistics is a versatile discipline with wide-ranging applications across diverse fields of study and practice. In economics, statistical methods are used to analyze consumer behavior, inflation, GDP growth rate g\displaystyle g, and demand-supply models. In business management, statistics aids in decision-making under uncertainty, marketing research, quality control using control charts, and human resource management. In commerce and industry, it is essential for forecasting sales, market analysis, auditing, and financial planning. Because it is utilized in all these areas, statistics is applied in all of the given fields. Hence, **Option D** is the correct answer.

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