Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 11-commerce Answered

statistics affects everybody and touches life at many points."explain".
Asked by singhjanvi439 | 09 Sep, 2018, 01:44: PM
answered-by-expert Expert Answer
Statistics are numerical statements of facts in any department of enquiry placed in relation to each other. Statistics is both a science as well as an art. As a science, it studies numerical data in a systematic manner and as an art it makes use of the data to solve the problems of real life. 
Significance of statistics:
i. Administration: every administrator has to depend on statistics fr effective adminstration. Finance mininster makes use of of data relating to revenue and expenditure to prepare the budget and to formulate poicies.
ii. Business: A successful business man estimates demand for and supply of teh good based on the relavant data.
iii. It is useful for politicians, socila reformers, science and research field, banking, insurance companies, economic planning and in the fied of education. 
Answered by Tharageswari S | 09 Sep, 2018, 09:14: PM
CBSE 11-commerce - Statistics for Economics
Asked by Maxmridul123 | 13 Dec, 2021, 07:27: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Statistics for Economics
Asked by aaalim830 | 04 Mar, 2020, 10:56: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Statistics for Economics
Asked by fishtailfever | 19 Feb, 2020, 01:52: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Statistics for Economics
Asked by ajaygupta62926 | 17 Feb, 2020, 08:19: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Statistics for Economics
Asked by sumitsahu2628 | 05 Feb, 2020, 12:07: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Statistics for Economics
Asked by gillgurchet82 | 03 Feb, 2020, 10:19: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Statistics for Economics
Asked by atwalbaljinder | 27 Jan, 2020, 08:30: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×