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DGHHR

Statistics is the systematic treatment of quantitative expressions, involving the collection, organization, presentation, analysis, and interpretation of data. It plays a crucial role in simplifying data, facilitating comparisons, aiding policy formulation, and forecasting. However, statistics has limitations, including its inability to study qualitative aspects and the potential for misuse of data.

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22 views2 pages

DGHHR

Statistics is the systematic treatment of quantitative expressions, involving the collection, organization, presentation, analysis, and interpretation of data. It plays a crucial role in simplifying data, facilitating comparisons, aiding policy formulation, and forecasting. However, statistics has limitations, including its inability to study qualitative aspects and the potential for misuse of data.

Uploaded by

Nirmala Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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Meaning and Scope of Statistics

What is Statistics
The systematic treatment of quantitative expression is known as Statistics

Meaning: When a quantitative expression is treated systematically, it is called


Statistics.
Quantitative expression: Something that can be measured in quantity. Example: 10,
11, 8, 52
Example: Calculating the average
The word Statistics refers to:

A. Statistical Data: Plural sense


B. Statistical Methods: Singular sense
Statistical Data (Plural sense)
Statistics are aggregates of facts

Example: 1000 Rupees pocket money of Aditya


Aggregates: A collection of many facts
Statistics are affected to a marked extent by multiplicity of causes

Example: Various reasons for electricity bill


Statistics are numerically expressed

Always numerical
Statistics are enumerated or estimated

Enumeration = Accurate counting


Estimate = Approximation
Statistics are collected in a systematic manner

Statistics are collected for a predetermined purpose

Statistics are placed in relation to each other

Statistical Methods (Singular sense)


Use of methods:
Collection of data
Organization of data
Presentation of data
Analysis of data
Interpretation of data
Function of Statistics
Statistics simplify data: Make data easier
Statistics provide technique of comparison: Make comparison easier
Statistics help in formulating policies: Help in policy-making
Statistics help in forecasting: Help in predicting the future
Statistics present the facts in a definite form: Present facts clearly
Statistics study relationships: Study relationships accurately
Importance of Statistics
Statistics and Economics: Help understand relationships in economics
Statistics and Economic Planning: Help in making economic plans for a country
Statistics and Business Planning: Help in business decision-making
Statistics and Government: Help the government in decision-making
Limitations of Statistics
It does not study qualitative aspects: Like honesty
It does not study individuals
Statistical results lack mathematical accuracy: Depend on averages
Statistics can be misused: Results can be manipulated
Statistical data should be homogeneous: Data should be homogeneous
Expertise is required for proper use of statistics
Homework
Importance of statistics in:
Economics
Economic Planning
Business Planning
Government

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