Economy, asked by p8ravyaaAasha, 1 year ago

Statistics without purpose is not statistics

Answers

Answered by Mansisingla
2
Any data is calculated with some purpose..
Behind every research there is any purpose to conclude any decision.
for e.g.. data collected for population of any country .
Answered by gratefuljarette
0

Statistics without purpose is not statistics is a true statement.

Explanation:

  • There is every purpose behind every research to conclude any decision. For example, data collected for any country's population. A statistic or sample statistic is any quantity, often the mean, calculated from the sample values.
  • Technically speaking, statistics can be estimated by applying any calculating function to the values found in a data sample. There is a major difference between statistics and a parameter in statistics.
  • When a statistic (a function) is used for a specific purpose, it may be referred to by a name suggesting its meaning: a descriptive statistic is used in descriptive statistics to explain the data; an estimator is used in estimation theory to approximate a distribution parameter (population).

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