CBSE Class 11-commerce Answered
What are merits and limitation of statistics. Explain
Asked by Arpit20.sahay20 | 25 Jul, 2019, 09:33: AM
Expert Answer
Merits of Statistics:
1. It helps to present bulk data in a precise and definite form.
2. Statistics helps to compare data and draw conclusions.
3. Statistics helps in forecasting trends.
4. Statistical data provides a base for decision making and formulating policies.
Limitations of Statistics:
1. Statistics studies numerical facts only, it is not suited for qualitative study such as honesty, friendship etc.
2.Data must be homogenous and uniform otherwise comparison may not be possible.
3. Satistical methods can be used by experts only or they may give rise to errors or distrust in the data.
4. Statistical data can be prone to misuse.
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