Explain the most serious limitation of statistics about which the policy maker has to be careful
Answers
Answer: The serious limitations of statistics are:-
1. It is based on average- The result which come from statistics are based on average which means that that production for any product or something else can be higher or lesser than that of average production.
2. The result of statistics are always based upon quantity of the product not on the quality of the product.
3. For getting the results of statistics it is mandatory to have some data on which the result can be given or find.
Answer:
Explanation:
statistics can be defined as a large collection of data to do analysis and neumerical operations on it.
Limitation of statistics are that it requires a large amount of data to draw a result or helpful result from it.
statistics has no value without data . If data or large amount of data is not there statistics cannot provide us the result we are looking for.
These are limitations of statistics.