Business Studies, asked by pk0911837pd315w, 1 year ago

scope & limitations of Statistics

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Answered by priyanshuranjan1204
3
Thescope is the coverage or sphere of what is to be observed. It is the total membership or population of a defined set of people, object or events.

The important limitations of statistics are: (1) Statistics laws are true on average. Statisticsare aggregates of facts, so a single observation is not astatistic. Statistics deal with groups and aggregates only. ... (5) Only a person who has an expert knowledge of statisticscan handle statistical data efficiently.
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