The merits and demerits of statistics

Statistics is normally defined as the compilation of data followed by the analytical and the inferential property of the studied subject. Statistical mainly deals with the numerical analysis part of any subject and therefore by itself is an important part of understanding its inner nature. This is because in each and every subject there is some place where mathematics and research is required. Thus statistics as an instrument of knowledge has a lot of advantages. On the other hand statistics has Read more [...]

The subject called Statistics

The study of analyzing data is known as statistics. In this study the collection of different data and processing that information are involved. The result of the analysis is done either as cumulative information or represented in graphical manner. The result is made in such a manner so that the reader gets to know about the analysis by looking on it visually. The subject includes the interpretation of rough information or data that are based on different surveys or theories. This is known as statistical Read more [...]