Economy, asked by plabade271, 10 months ago

Fill in the blanks statistical methods help analyse what and formulate what to solve them

Answers

Answered by AnkitBhardwaj420
2

Answer:

Explanation

Statistics is a science that deals with the techniques and methods of collection, classification and presentation of data. It is an aggregate of facts based on cause-and-effect relationship, just like science.

2. Statistics are aggregates of facts.

Explanation

Statistics is defined as the aggregate of facts. This is because a single figure of output or income cannot be termed statistics. Thus, the aggregate of data is called statistics.

3. The word 'statistics' is derived from Latin word means status.

Explanation

The word statistics is derived from the Latin word 'Statis’ which means status. The other related words are the Italian word ‘statista’, the German ‘statistik’ and the French ‘statistique’.

4. Statistics studies quantitative information.

Explanation

Statistics studies only variables that can be expressed as numerical values. It fails to take into account qualitative variables such as beauty and loyalty.

5. The word statistics means generally collection of data.

Explanation

Statistics is a science that involves collection of numerical data. The data so collected is then classified, organized and presented in a symmetrical manner, so that meaningful conclusions can be derived from the same.

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