Basic Concepts

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:
    1. No. of farmers in a block.
    2. The rainfall over a period of time.
    3. 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.

Last modified: Wednesday, 22 February 2012, 9:36 PM