Home › CBSE Class 11 (Arts) › Economics › Introduction to Statistics › How does an average income summarise a population?
How does an average income summarise a population?
AIt condenses data into one value
BIt lists every single income
CIt removes the poor people
DIt fixes the market prices
Answer & Solution
Correct answer: A. It condenses data into one value
It is impossible to remember everyone's income, but a single average summarises the whole set.
Related questions
Statistics can check whether which policy is effective in checking population growth?Why would a planner use statistical tools for the 2020 production plan?Why are exact numbers better than 'hundreds died'?For an economist, statistics is described as which kind of tool?Which numerical indices summarise the broad features of collected data?Which step of statistics follows the collection of data?Which of these would give quantitative data?Why is gender treated as qualitative information in statistics?