discuss the misure, limitations and distrust of statistics how distrust of statistics can be removed
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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:
- The Law of Statistical Regularity
- Law of Inertia of Large Numbers
Limitations of Statistics
Despite its immense use, Statistics has many limitations. These are as follows:
Deals in Quantitative Data
Statistics deals only with quantitative data and not the qualitative and descriptive facts like efficiency, intelligence, honesty, blindness, etc.
Studies Groups not Individuals
Statistics does not deal with individuals but with groups. This is one of the biggest limitations of statistics. To give you an example, the income of an individual or profit of a particular business unit is not statistics since those figures are unrelated and incomparable.
Misuse
Statistics deal with figures which are innocent in themselves and can be easily manipulated or distorted by people for their selfish motives. Therefore, it is a dangerous tool in the hands of a non-expert.
It is hence important that the user of the statistical methods has sound knowledge of the subject along with the self-control of an artist.
Distrust of Statistics
By definition, distrust means a lack of confidence or belief. Further, the science of statistics is always subject to doubt and suspicion because of its misuse by unscrupulous elements for their selfish motives. The common beliefs about statistics are:
Therefore, it is important to understand that statistics is a tool, which if misused can cause a disaster. Statistics neither approves or disapproves anything. Hence, you must take utmost care and precaution while interpreting statistical data in all manifestations.