Statistics is applied in
Options
AEconomics
BBusiness Management
CCommerce and Industry
DAll of these
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Statistical Representation of DataMCQMTP May 19Question 2652 of 295
All Questions Correct Answer
✅ Option d — All of these
All Options:
- AEconomics
- BBusiness Management
- CCommerce and Industry
- DAll of these
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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 , 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.
About This Chapter: Statistical Representation of Data
Paper
Paper 3: Quantitative Aptitude
Weightage
2-4 Marks
Key Topics
Data, Frequency Distribution, Graphical Representation
This chapter covers Data, Frequency Distribution, Graphical Representation and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.
View Official ICAI SyllabusExam Strategy Tip
This topic carries 2-4 Marks weightage. Focus on understanding core concepts rather than memorizing.
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