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These are the bacteria (or eubacteria ) and the archaebacteria (or the Archaea ).
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Importance of statistics:
- Formulation of economic laws: it helps in formulation of laws and models e.g. law of demand has been developed by the inductive method of genralisation which is based on statistical principles.
- Understanding economic problems: it plays a vital role in understanding and solving economic problems such as poverty, unemployment, etc.
- Study of market structures: study of monopoly, monopolistic competition, oligopoly, and monopolistic competition requires statistical comparison of market prices, cost, and profits of individual firms.
- Intersectoral anf intertemporal comparison: statistics helps in the comparision of different sectors of the economy and also helps in comparison of variables in two different time periods
- Economic forcasting: by using statistical tools , methods, and techniques one can forcast e.g growth of the country in the coming fiscal year or rate of inflation in the coming month.
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Hominids have evolved from hominoids and share certain common features, but there are major differences as well:
| Hominoids | Hominids |
| By about 24 mya, there emerged a subgroup amongst primates, called Hominoids.This included apes. | By about 5.6 mya, we find evidence of the first hominids |
| Hominoids have a smaller brain than hominids. They are quadrupeds, walking on all fours, but with flexible forelimbs. | Hominids have an upright posture and bipedal locomotion (walking on two feet). There are also marked differences in the hand, which enables the making and use of tools. |

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