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Chapter: 11th Statistics : Scope of Statistics and Types of Data

Functions of Statistics

The functions of statistics can be elegantly expressed as 7 - C’s as :

Functions of Statistics

 

The functions of statistics can be elegantly expressed as 7 - C’s as :



1 Collection: The basic ingredient of statistics is data. It should be carefully and scientifically collected

2 Classification: The collected data is grouped based on similarities so that large and complex data are in understandable form.

3 Condensation: The data is summarized, precisely without losing information to do further statistical analysis.

4 Comparison: It helps to identify the best one and checking for the homogeneity of groups,

5 Correlation: It enables to find the relationship among the variables

6 Causation: To evaluate the impact of independent variables on the dependent variables.

7 Chance: Statistics helps make correct decisions under uncertainty.


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11th Statistics : Scope of Statistics and Types of Data : Functions of Statistics |


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