Answer:
Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions.
Economics is a social science about how people use and exchange limited resources like food, labor, minerals, and, yes, money. As an even shorter definition, one could say it is the study of scarcity and choice.
Step-by-step explanation:
hope its help
