Economy, asked by SAHIL6905, 1 year ago

Q.4. Discuss some of the limitation of statistics.

Answers

Answered by Anushka0408
2
hey user
here's your answer!

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(1) Statistical methods are best applicable to quantitative data.

(2) Statistics cannot be applied to heterogeneous data.

(3) If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be misleading.

(4) Only a person who has an expert knowledge of statistics can handle statistical data efficiently.

(5) 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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