Question

0.17 Tabulate the given information:
(1) In 2015, out of total of 1500 applicants in a college, 900 were from commerce background. The
number of girls was 600 out of which 230 were from science stream
(2) in 2016, the total number of applicants was 2500 of which 1800 were boys. The bunved of students
from science stream was 1600 of which 450 were girls.​

Answer 1

The aim of the present lesson is to enable the students to understand

the meaning, definition, nature, importance and limitations of statistics.

“A knowledge of statistics is like a knowledge of foreign

language of algebra; it may prove of use at any time under

any circumstance”……………………………………...Bowley.

STRUCTURE:

1.1 Introduction

1.2 Meaning and Definitions of Statistics

1.3 Types of Data and Data Sources

1.4 Types of Statistics

1.5 Scope of Statistics

1.6 Importance of Statistics in Business

1.7 Limitations of statistics

1.8 Summary

1.9 Self-Test Questions

1.10 Suggested Readings

1.1 INTRODUCTION

For a layman, ‘Statistics’ means numerical information expressed in quantitative

terms. This information may relate to objects, subjects, activities, phenomena, or

regions of space. As a matter of fact, data have no limits as to their reference,

coverage, and scope. At the macro level, these are data on gross national product and

shares of agriculture, manufacturing, and services in GDP (Gross Domestic Product).