Economy, asked by reenatushir981365169, 10 months ago

Statistics affected by multiplicity of causes with the help of practical example explain this statement.

Answers

Answered by Nlaxmi
4

Answer:

Statistics are affected to a market extent by a multiplicity of causes. There are a variety of forces or factors operating on the facts and figures in an aggregate. The influence of any particular factor cannot be isolated. ... Statistics are enumerated or estimated according to reasonable standards of accuracy.

Answered by kawasthi134
6

Answer:

1. It consists of aggregates of facts:

In the plural sense, statistics refers to data, but data to be called statistics must consist of aggregate of certain facts.

A single and isolated fact or figure like, 60 Kgs. weight of a student or the death of a particular person on a day does not amount to statistics.

2. It is effected by many causes:

It is not easy to study the effects of one factor only by ignoring the effects of other factors. Here we have to go for the effects of all the factors on the phenomenon separately as well as collectively, because effects of the factors can change with change of place, time or situation.

3. It should be numerically expressed:

A data to be called statistics should be numerically expressed so that counting or measurement of data can be made possible. It means that the data or the fact to constitute statistics must be capable of being expressed in some quantitative form as weights of 60, 70, 100 and 90 Kg. or profits of Rs. 10,000, Rs. 20,000 etc. Thus these data must contain numerical figures so that those may be called as numerical statement of facts.

4. It must be enumerated or estimated accurately:

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