Statistics simplifies mass of figures. It helps in presenting complex data in a suitabletabular, diagrammatic and graphic form for an easy and clear comprehension of the data.
It facilitates comparison.
It helps in formulating and testing hypothesis.
It helps in making decisions.
It helps in the formulation of suitable policies.
What are the scopes of statistics?
Statistics plays a vital role in every fields of human activity. Statistics has important role indetermining the existing position of per capita income, unemployment, population growth rate,
housing, schooling medical facilities etc…in a country. Now statistics holds a central position in
almost every field like Industry, Commerce, Trade, Physics, Chemistry, Economics,Mathem
atics, Biology, Botany, Psychology, Astronomy etc…, so application of statistics is very
What are the limitations of statistics?
The important limitations of statistics are:1.
Statistics laws are true on average. Statistics are collections of facts. So singleobservation is not a statistics, it deals with groups and aggregates only.
Statistical methods are best applicable on quantitative data.3.
Statistical cannot be applied to assorted data.4.
It sufficient care is not exercised in collecting, analyzing and interpretation the data,statistical results might be misleading.5.
Only a person who has an expert knowledge of statistics can handle statistical dataefficiently.6.
Some errors are possible in statistical decisions. Particularly the inferential statisticsinvolves certain errors. We do not know whether an error has been committed or not.
What is data?
refers to groups of information that represent the qualitative or quantitativeattributes of a variable or set of variables.
What are the sources of Data?
The data can be collected from: