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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What is Statistics? - Economics

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Question

What is Statistics?

Answer in Brief

Solution

The term statistics is used in two senses: singular and plural. In singular form it simply means statistical methods. Statistics when used in singular form helps in the collection, presentation, classification and interpretation of data to make it easily comprehensible. In its plural form it denotes collection of numerical figures and facts. In the narrow sense it has been defined as the science of counting and science of averages

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Definitions of Statistics
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Chapter 12: Introduction to Statistical Methods and Econometrics - Model Questions [Page 280]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 12 Introduction to Statistical Methods and Econometrics
Model Questions | Q 21. | Page 280
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