explain the limitations of statistics in complex for a layman
Answers
Explanation:
(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
(6) Some errors are possible in statistical decisions. In particular, inferential statistics involves certain errors. We do not know whether an error has been committed or not.
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✨The statistical methods don't study the nature of phenomenon which cannot be expressed in quantitative terms. Such phenomena cannot be a part of the study of statistics. These include health, riches, intelligence etc. It needs conversion of qualitative data into quantitative data.✨