Definition of Statistics: Statistics is a concerned with the scientific methods of collecting, organizing, summarizing, presenting and analyzing sample data as well as drawing valid conclusion about the population characteristics and making reasonable decision based on such analysis.
Characteristics of Statistics:
Characteristics of Statistics:
- Statistics are aggregate of facts
- Statistics are affected to a marked extend by multiplicity of causes
- Statistics are collected for a pre-determind purpose
- Statistics are enumerated or stimulated according to reasonable standard of accuracy
- Statistics should be collected in a systematic manner
- Finally, statistics are numerically expressed.
- Statistics doesn't deals with isolated measurement
- Statistics deals only numerical data
- Statistics results are true only on an average.
- Statistics can be misused.
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