Thursday, 31 October 2013

MAJOR CHARACTERISTICS OF STATISTICS


    Basic characteristics of Statistics:
  1. Statistics are aggregates of facts.
  2. Statistics are numerically expressed.
  3. Statistics are affected to a marked extent by multiplicity of causes.
  4. Statistics are enumerated or estimated according to a reasonable standard of accuracy.
  5. Statistics are collected for a predetermine purpose.
  6. Statistics are collected in a systemic manner.
  7. Statistics must be comparable to each other.

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