Question

What are the functions of Statistics?

Answer 1

Functions of Statistics:

• Statistics presents facts in a definite form.
• It simplifies the mass of figures.
• It facilitates comparison.
• It helps in formulating and testing.
• It helps in prediction.
• It helps in the formulation of suitable policies.

(1) Statistics are an aggregate of facts:
For example, numbers in a calendar pertaining to a year will not be called statistics, but to be included in statistics it should contain a series of figures with relationships for a prolonged period.

(2) Statistics are numerically enumerated, estimated, and expressed.

(3) Statistical collection should be systematic with a predetermined purpose:
The purpose of the collection of statistics should be determined beforehand in order to get accurate information.

(4) Should be capable of being used as a technique for drawing comparison:
It should be capable of drawing comparisons between two different sets of data by tools such as averages, ratios, rates, coefficients, etc.