Accountancy, asked by ahmadali6595465, 2 months ago

what do you understand by the term statistics? give its chief characteristics​

Answers

Answered by madhumitha4687
2

Statistics are numerically expressed. It has an aggregate of facts. Data are collected in systematic order. It should be comparable to each other. Data are collected for a planned purpose.

Answered by mtarique78
1

Answer:

1. It consists of aggregates of facts: In the plural sense, statistics refers to data, but data to be called statistics must consist of aggregate of certain facts. A single and isolated fact or figure like, 60 Kgs. weight of a student or the death of a particular person on a day does not amount to statistics.

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