Economy, asked by nainabatra14, 1 year ago

explain limitation of statistics any5?

Answers

Answered by jaiswalsam
0
Limitations of Statistics

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.


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Answered by Anonymous
1
1. statistics laws are true on average. statistics are aggregate of facts, so single observation is not a statistic. statistics deal with groups and aggregates only.

2. statistical methods are best applicable to quantitive 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 efficiency


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