Economy, asked by tonongpejik46, 24 days ago

statistics are always quantitative in nature.Explain with the help of a suitable example​

Answers

Answered by manankamra7
0

Answer:

Explanation:

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Answered by presentmoment
0

Statistics are always quantitative in nature as it deals with numbers and records in numerical terms.  

Explanation:  

  • Statistics refers to the numerical collection, storage, and analysIs of the data.
  • It is necessarily quantitative in nature. It means that only the numbers and figures that can be measured in numbers can be termed as statistics.
  • Non-quantitative figures which cannot be measured in mathematical numbers are not statistics as they cannot be recorded in a defined manner.
  • For example, the number of people unemployed in the economy can be counted and recorded but factors resulting in unemployment and their severity cannot be measured in numbers.
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