Math, asked by jasmeen82, 4 months ago

Define Statistics and discuss its utility as a managerial tool. Also discuss the 'distrust of
Statistics

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Answered by vanshikasethi191

- Law of Statistics and Distrust of Statistics

There are several laws and limitations in statistics. There is also a lot of distrust of statistics. Today, we will talk about the various laws of statistics, their limitations and distrust of statistics.

- Laws of Statistics

There are two laws of statistics which form the basis of the theory of sampling. These are:

1. The Law of Statistical Regularity

2. Law of Inertia of Large Numbers

Hope you like it ☺️

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Define Statistics and discuss its utility as a managerial tool. Also discuss the 'distrust of Statistics

Answers

Define Statistics and discuss its utility as a managerial tool. Also discuss the 'distrust of
Statistics