Economy, asked by simrandangol, 11 months ago

what are the subject matter of statistics​

Answers

Answered by aindlanarsingrao
0

Answer:

subject matter of statistics deals with the quantification of data.It revolves around concrete figures to represent qualitative information

Answered by viratgraveiens
0

Statistics is a discipline that basically deals with the collection,organisation,processing,analysis and presentation of numerical data or information mainly intended to conduct any research study.

Explanation:

Aside from its academic and analytical implications, Statistics has become an integral part of our regular life where numerical data or information are gaining increasing significance.In public life,the importance and need for Statistics is pervasive which includes constructing Population Census,designing public policies by the government,making important management decisions by corporate companies and firms and even making important decisions at individual level related personal finance,budget decisions in family and so forth.

In all these activities and much more,Statistics or data/information plays a central role as without proper collection and mainly,analysis of appropriate data and information,we are not able to make any reasonable decision.In short,nowadays,Statistics is used to a major or partial extent in almost all the fields and area of study.

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