Definition importance and limitations of statistics ?
Answers
Answer:
The branch of mechanics concerned with bodies at rest and forces in equilibrium
Answer:
Explanation:
A branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data. 2 : a collection of quantitative data.
IMP:
Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions.
LIMITATIONS:
The important limitations of statistics are:
(1) Statistics laws are true on average. Statistics are aggregates of facts, so a single observation is not a statistic. Statistics deal with groups and aggregates only.
(2) Statistical methods are best applicable to quantitative data.
(3) Statistics cannot be applied to heterogeneous data.
(4) If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be misleading.
(5) Only a person who has an expert knowledge of statistics can handle statistical data efficiently.