Please Disable ADBLOCKER and Reload Page !
Please enable JavaScript!
Use Google Chrome or Mozilla Firefox for better experience

QUANTITATIVE METHODS FOR BUSINESS – II-1: INTRODUCTION TO STATISTICS

601

INTRODUCTION TO STATISTICS

Definition of statistics: Statistics is called as science of counting.
Statistics may be defined as science of collection, presentation, analysis,
and interpretation of numerical data.

OBJECTIVES OF STATISTICS:
 To throw light on the complex data and sense from them
 To take action on the basis of the data processed
 To draw conclusion on the basis of analyzed data
 To prove unknown from known available data
 To examine changes in economical activities
Functions of statistics:
 It guides in collecting an appropriate quantitative data.
 It simplify the complex and presnt same in attractive form.
 It examine the past and present data, and indicate the future
tendencies.
 It makes comparison between one set of data with other to know the
nature of variables
 it collects numerical data systematically.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More