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What is statistics what are its …

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What is statistics what are its basic characteristics

Posted by Yash Sharma 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 2 months ago

Statistics are the sets of mathematical equations that we used to analyze the things. It keeps us informed about, what is happening in the world around us.
Characteristics of Statistics:

Statistics are aggregates of facts.
Statistics are numerically expressed.
Statistics are affected to a marked extent by multiplicity of causes.
Statistics are enumerated or estimated according to a reasonable standard of accuracy.
Statistics are collected for a predetermined purpose.
Statistics are collected in a systemic manner.
Statistics must be comparable to each other.

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