Describe some fundamental characteristics of statistics.
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some important fundamental characteristics of statistics are :
(1) statistics are numerically expressed.
(2) statistics are affected to a market extent by multiplicity of causes.
(3) statics must be comparable to each other.
(4) statics are collected in a systematic manner.
(1) statistics are numerically expressed.
(2) statistics are affected to a market extent by multiplicity of causes.
(3) statics must be comparable to each other.
(4) statics are collected in a systematic manner.
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Statistics are enumerated or estimated according to a reasonable standard of accuracy. Statistics are collected for a predetermined purpose. Statistics are collected in a systemic manner.
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