Business Studies, asked by jainamgandhi4610, 11 months ago

Define statistics.discuss its funtions and important

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Answered by gogoilibya25
1

Answer:

Explanation:The word statistics appears to have been derived from the Latin word status meaning a political state. In its origin, statistics was simply the collection of data on different aspects of the life of people, useful to the state. Over the period of time, however, it's scope broadened and statistics began to concern itself not only with the collection and representation of data but also with the interpretation and drawing of inferences of data. It deals with collection, organisation, analysis & interpretation of data. If u like the answer pls rate me, give thanks, and mark me the brainliest

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