When using statistics in economics,the possibility of error
A)cannot be controlled.
B)cannot be eliminated.
C)can be eliminated with more sophisticated statistical techniques.
D)is not considered to be important.
E)cannot be evaluated.

Question

Quizplus · Accepted Answer

Error cannot be completely eliminated in statistical analysis as it is inherent in the nature of data and human observation. However, efforts can be made to minimize the possibility of error through careful data collection, analysis, and interpretation.

When Using Statistics in Economics,the Possibility of Error