what are main features of statistics as a numerical data? describe any four
Answers
1 it makes comparison easy....
2 Represent economic problems in quantitative form.....
3 inter sectrol analysis makes possible...
4 Helps to formulate govt policies....
The main characteristics of Statistics in the Plural Sense or Numerical Data
1. The sum of Facts:
Single or isolated structures are not supposed to be considered in the category of statistics because these representations are irrelevant and could not be analyzed.
2. Orderly Arranged
A proper arrangement should be developed before accumulating the statistical data. Data obtained in a casual practice would commence to false judgments.
3. Statistics can be Determined
According to the characteristic of statistics, data can be recognized or acknowledged. If the mathematical descriptions are precisely correct, then they can be specified.
4. Statistics are numerically represented
All statistics displays statistical figures i.e. manifested in characters and associated with quantitative knowledge.