Nature and Limitations of Statistics

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Learning Outcomes:-

Through this module, you will gain understanding on:-

1.    Nature of Statistics (art/science OR Both)

2.    Limitations of Statistics

 

Scope of Statistics-

Scope (दायरा)

(A) Nature of Statistics

Science (✓)

Studies numerical data in a systematic manner

Art (✓)

Statistics relates to quantitative data to the real life problems

We are able to analyze and understand real life problems much better

 

(C) Limitation of Statistics

●     Does not study qualitative phenomena

●     Does not study numerical facts relating to any particular unit

●     Non-homogeneous data (of diverse qualities and kinds) cannot be compared

●     Only express broad tendencies, Statistical observations are not error free, Results are not valid under all conditions

●     Without understanding the circumstances and conditions under which conclusions have been drawn, the results may prove to be wrong

●     Those who are ignorant or unqualified about statistical methods cannot make sensible use of statistics

VIDEO DESCRIPTION (max 5,000 characters)

Nature of Statistics and Limitations of Statistics | Statistics for Economics | 11th Commerce | by @statomics11comm

 

▶Related Playlist: https://www.youtube.com/playlist?list=PL0BlcnHQsq5K6s4HPm5VVP77zYnaT4ZpP

 

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https://www.youtube.com/channel/UCwRkwAVFBOvj7pQ605aVpIw

 

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TAGS (csv)

Nature of Statistics, Art, Science, Limitations of Statistics, Statistics for Economics, Statistics, Economics, 11th Commerce CBSE, 11th Commerce, CBSE, statomics11comm, class 11, hindi, in hindi

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