Economy, asked by chungkurangrajeev, 7 months ago

What are the major drawbacks of statistics?​

Answers

Answered by taneesha76
12

HEY MATE HERE IS YOUR ANSWER:-

The important limitations of statistics are:

  • Statistics laws are true on average. Statistics are aggregates of facts, so a single observation is not a statistic.
  • Statistical methods are best applicable to quantitative data.
  • Statistics cannot be applied to all heterogeneous data.
  • If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be misleading.
  • Only a person who has an expert knowledge of statistics can handle statistical data efficiently.
  • Some errors are possible in statistical decisions in particular, inferential statistics involves certain errors. We do not know whether the error has been committed or not.

HOPE THIS HELPS YOU MATE AND PLEASE MARK ME AS BRAINLY

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