Economy, asked by bhavu13, 1 year ago

what do you mean statistics and explain its features and scope​

Answers

Answered by akash201776
1

Answer:

Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data. Also a collection of quantitative data.

Feature of statistics

▪Statistics are aggregates of facts.

▪Statistics are numerically expressed.

▪Statistics are affected to a marked extent by multiplicity of causes.

▪Statistics are enumerated or estimated according to a reasonable standard of accuracy.

▪Statistics are collected for a predetermined purpose.

▫Statistics are collected in a systemic manner.

Statistics must be comparable to each other.

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