Basic Concepts
Statistics (Definition)Quantitative figures are known as data. Statistics is the science which deals with the
Data and statistics are not same as used commonly. Example for data:
- No. of farmers in a block.
- The rainfall over a period of time.
- Area under paddy crop in a state.
Functions of statistics
- Statistics simplifies complexity, presents facts in a definite form, helps in formulation of suitable policies, facilitates comparison and helps in forecasting.
Uses of statistics
- Statistics has pervaded almost all spheres of human activities. Statistics is useful in the administration of various states, Industry, business, economics, research workers, banking, insurance companies etc.
Limitations of Statistics
- Statistical theories can be applied only when there is variability in the
- experimental material.
- Statistics deals with only aggregates or groups and not with individual objects.
- Statistical results are not exact.
- Statistics can be misused.
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Last modified: Wednesday, 22 February 2012, 9:36 PM