Question

define statistics and explain the scope of statistics​

Answer 1

Answer:

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.

Answer 2

➣ AnSwer :-

⟶ Statistics :-

• Statistics is a form of mathematical analysis that uses quantified models, representations and synopses for a given set of experimental data or real-life studies.
• Statistics studies methodologies to gather, review, analyze and draw conclusions from data.

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⟶Scope of Statistics :-

• Statistics is indispensable in this modern age aptly termed as "the age of planning".
• Statistical data and techniques of statistical analysis are immensely useful in solving economical problems such as wages, price, time series analysis, demand analysis.