Read this article to learn about the Importance (why statistics are important) and Limitations of Statistics… Importance of Statistics Importance of statistics can be classified into different fields such as:- 1. Importance of Statistic in Economics: The contribution of statistics to the field of economics is commendable. Nowadays, solving any financial problem is not possible… (0 comment)

Read this article to understand the scope and nature of statistics… Scope of Statistics The following things are included under the statistics area:- Subject Matter of Statistics Nature of Statistics Limitations of Statistics. 1. Subject Matter of Statistics: The subject matter of the statistics can be divided into two parts:- (i) Statistical Methods: Data are… (0 comment)