Characteristics of statistics in the plural sense (as numerical data)
Learning Outcomes:-
Through this
module, you will gain understanding on:-
1. Features of Statistical Data
Characteristics of statistics in the plural
sense (as numerical
data)-
1. Aggregate number of facts that can be
compared and conclusions can be drawn
Single number (NOT ╳ Statistics)
Value of total
exports from India is rupees 11,66,439 (✓)
2. are expressed in terms of numbers
Related to quantitative variables: income, expenditure,
investment
Qualitative attributes (good, excellent, ranks, IQ, beauty)
(NOT ╳ Statistics)
3. Statistics are affected by multiple
factors
4. Keep reasonable degree of accuracy
while collecting statistical data
|
Accuracy
depends on |
Purpose of Investigation Nature of Investigation Size of Investigation Available resources |
5. Are mutually related and have the
quality of comparison
6. Information collected with some
pre-determined objective
7. Maybe collected by enumeration or estimation
Enumeration (enquiry field limited): a complete, ordered listing of all
the items in a collection
Estimation (investigation field vast): numerical value of unknown
population is inferred from incomplete data
8. A plan must be prepared and then statistics
should be collected systematically
★ In short, it
is safe to conclude that all numerical
data cannot be called statistics but all statistics are numerical data.
VIDEO DESCRIPTION (max 5,000 characters)
Characteristics of statistics in the plural sense (as numerical data) | Statistics for Economics | 11th Commerce | by @statomics11comm
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Characteristics of statistics, plural sense, numerical data, Statistics for Economics, Statistics, Economics, 11th Commerce CBSE, 11th Commerce, CBSE, statomics11comm, class 11, hindi, in hindi
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