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 [...]