SlideShare a Scribd company logo
SUBMITTED TO:
DR.KIRAN MEHTA
SUBMITTED BY:
SINGULAR SENSE
&
PLURAL SENSE
SINGULAR SENSE
“Statistics is the collection, classification, analysis
and presentation of numerical data”
-CROXTON AND COWDEN
PLURAL SENSE
“Statistics are numerical statements of facts in any
department of enquiry placed in relation to each
other” -BOWLEY
Statistics means the various methods adopted for the
collection, analysis and interpretation of the figures.
Further, in singular sense ,The concept of statistics is
described as statistical methods. The Statistical
method is “A Telescope through which we can study
a large terrain that would be accessible to our unaided
Vision”.Thus it may be stated that statistics is a
science of collection, presentation, analysis, and
interpretation of data.
It means a collection of numerical facts. It is in this
sense that the public usually think of statistics as
figures concerned with population or production of
wheat in different years or number of man-hours lost
in specific year. Secondary Statistics eg-
percentages, averages and coefficients derived from
numerical facts, are also included in the term
“Statistics” in this sense.
• Aggregates of Facts: Single height 5’6 or 6’0 is not
statistics but a series relating to the height of a group of
persons is called statistics.
• Affected by multiplicity of causes: Statistics are
affected by large number of factors. Ex: Prices are affected by
conditions of demand, supply, money supply, imports, exports
etc.
• Numerically Expressed: Qualitative expressions like
young, old, good, bad, etc are not recognized. so, a numerical
value like 932 females per 1000 males in India and 1170
females per 1000 males in USSR.
• Collected in a systematic Manner-For Accuracy and
reliability of data, the figures should be collected in a systematic
manner.
• Collected for pre-determined purpose-Data should be
collected with some pre determined purpose. Figures should be
collected with some objective in mind.eg-if we want collect data on
prices, then we must be clear whether we have to collect wholesale or
retail prices.
• Placed In relation to each other-collection of data is done with a
motive to compare. Figures collected should be comparable Eg-It does
not make any sense if we compare height of a person and rent he pays
for his accommodation.
• Collection of Data- It is the first step in statistical enquiry.
The technique depends upon the objective of the study. They
should be collected carefully so as to fulfill the basic objective
of the purposed study.
• Organization of Data- After collection, the data are
organised in a proper form which involves editing(removing
errors),classification(arranging) and tabulation(columns and
rows).
• Presentation of Data-Now the data is presented in a suitable
manner- either by diagrams or graphs.
• Analysis of Data- Analysis follows the presentation of data.
simple mathematical techniques are applied in analysis. These
include central tendency, measures of dispersion, correlation and
regression etc. The main purpose of analysis is to draw some
meaningful conclusions.
•Interpretation- It is the last step in the statistical methodology. To
derive meaning from analysed data is called interpretation of data. It
involves statistical thinking, skill and experience. It provides final
conclusions.
SUBJECT –MATTER OF STATISTICS
NATURE OF STATISTICS
Descriptive Statistics:
It deals with methods which help in estimating the characteristics of
a population or making decisions concerning a population on the
basis of the sample results. Sample and population are the two
relative terms. A Population is treated as universe and a sample is
fraction or segment of the universe.
It means to describe the data and consists of the methods and
techniques used in the collection, organisation, presentation
and analysis of data in order to describe the various features
and characteristics of such data. These can either be graphical
or computational. In this, nothing can be inferred from the data
nor can decision be made or conclusion drawn.
The nature of statistics is to find out whether it
is a science or Art. As a science, Statistics
studies numerical data in a systematic manner
and as an art, it makes use of the data to solve
the problems of real life.
 Expression of Facts in Numbers
 Simple Presentation
 Enlarges Individual Knowledge and Experience
 It Compares Facts
 It Facilitates Policy Formulation
 It Helps Other Sciences in Testing their Laws
 It Establishes Relationship between Facts- Statistics also
establishes relationship between two or more than two facts.
 Enlarges individual Knowledge & Experience.
 Administrators
 Economist
 Buisness,Industry &Agriculture
 Politicians
 Social Reformer
 Science & Research
 Insurance Companies
 Education
 Study of Numerical facts only.
 Study of Aggregates only.
 Not the only Method.
 Homogeneity of Data.
 Results are true only on an Average.
 Without reference result may prove wrong.
 Can be Used only by Experts.
 Misuse of Statistics is possible.
Introduction to statistics

More Related Content

What's hot

Statistics
StatisticsStatistics
Statisticsitutor
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statisticsmadan kumar
 
Meaning of statistics
Meaning of statisticsMeaning of statistics
Meaning of statistics
Sarfraz Ahmad
 
What is statistics
What is statisticsWhat is statistics
What is statistics
Raj Teotia
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
ScholarsPoint1
 
What Is Statistics
What Is StatisticsWhat Is Statistics
What Is Statistics
Akila Jayarathna
 
Basics of statistics
Basics of statisticsBasics of statistics
Basics of statistics
donthuraj
 
Introduction to Business Statistics
Introduction to Business StatisticsIntroduction to Business Statistics
Introduction to Business Statistics
Atiq Rehman
 
Introduction to Statistics (Part -I)
Introduction to Statistics (Part -I)Introduction to Statistics (Part -I)
Introduction to Statistics (Part -I)
YesAnalytics
 
Time series Analysis
Time series AnalysisTime series Analysis
Statistical Methods
Statistical MethodsStatistical Methods
Statistical Methodsguest9fa52
 
Classification of data
Classification of dataClassification of data
Applications of statistics
Applications of statisticsApplications of statistics
Applications of statisticsVinit Suchak
 
Introduction to Statistics
Introduction to StatisticsIntroduction to Statistics
Introduction to Statistics
aan786
 
Basics stat ppt-types of data
Basics stat ppt-types of dataBasics stat ppt-types of data
Basics stat ppt-types of data
Farhana Shaheen
 
Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...
Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...
Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...
Stats Statswork
 
Introduction to business statistics
Introduction to business statisticsIntroduction to business statistics
Introduction to business statisticsAakash Kulkarni
 
Data
DataData

What's hot (20)

Statistics
StatisticsStatistics
Statistics
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
 
Meaning of statistics
Meaning of statisticsMeaning of statistics
Meaning of statistics
 
What is statistics
What is statisticsWhat is statistics
What is statistics
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
 
time series analysis
time series analysistime series analysis
time series analysis
 
What Is Statistics
What Is StatisticsWhat Is Statistics
What Is Statistics
 
Basics of statistics
Basics of statisticsBasics of statistics
Basics of statistics
 
Introduction to Business Statistics
Introduction to Business StatisticsIntroduction to Business Statistics
Introduction to Business Statistics
 
Introduction to Statistics (Part -I)
Introduction to Statistics (Part -I)Introduction to Statistics (Part -I)
Introduction to Statistics (Part -I)
 
Time series Analysis
Time series AnalysisTime series Analysis
Time series Analysis
 
Statistical Methods
Statistical MethodsStatistical Methods
Statistical Methods
 
Classification of data
Classification of dataClassification of data
Classification of data
 
Applications of statistics
Applications of statisticsApplications of statistics
Applications of statistics
 
Introduction to Statistics
Introduction to StatisticsIntroduction to Statistics
Introduction to Statistics
 
Basics stat ppt-types of data
Basics stat ppt-types of dataBasics stat ppt-types of data
Basics stat ppt-types of data
 
Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...
Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...
Statistical Data Analysis | Data Analysis | Statistics Services | Data Collec...
 
Introduction to business statistics
Introduction to business statisticsIntroduction to business statistics
Introduction to business statistics
 
Data
DataData
Data
 
Correlation ppt...
Correlation ppt...Correlation ppt...
Correlation ppt...
 

Similar to Introduction to statistics

Business statistics review
Business statistics reviewBusiness statistics review
Business statistics reviewFELIXARCHER
 
Statistics Reference Book
Statistics Reference BookStatistics Reference Book
Statistics Reference Book
Ram Kumar Shah "Struggler"
 
Probability and statistics
Probability and statisticsProbability and statistics
Probability and statisticsCyrus S. Koroma
 
BBA 2ND SEM STATISTIC.pdf
BBA 2ND SEM STATISTIC.pdfBBA 2ND SEM STATISTIC.pdf
BBA 2ND SEM STATISTIC.pdf
Ram Krishna
 
Stats notes
Stats notesStats notes
Stats notes
Prabal Chakraborty
 
Introduction of Statistics
Introduction of StatisticsIntroduction of Statistics
Introduction of StatisticsRaja Ram Sharma
 
Business statistics what and why
Business statistics what and whyBusiness statistics what and why
Business statistics what and whydibasharmin
 
Statistics / Quantitative Techniques Study Material
Statistics / Quantitative Techniques Study MaterialStatistics / Quantitative Techniques Study Material
Statistics / Quantitative Techniques Study Material
Prabal Chakraborty
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
dvy92010
 
Statistics an introduction (1)
Statistics  an introduction (1)Statistics  an introduction (1)
Statistics an introduction (1)
Suresh Kumar Murugesan
 
Introduction to Business Statistics
Introduction to Business StatisticsIntroduction to Business Statistics
Introduction to Business StatisticsMegha Mishra
 
Statistics assignment
Statistics assignmentStatistics assignment
Statistics assignment
Pragati Mehndiratta
 
probability and statistics-4.pdf
probability and statistics-4.pdfprobability and statistics-4.pdf
probability and statistics-4.pdf
habtamu292245
 
Chapter 1 Introduction to statistics, Definitions, scope and limitations.pptx
Chapter 1 Introduction to statistics, Definitions, scope and limitations.pptxChapter 1 Introduction to statistics, Definitions, scope and limitations.pptx
Chapter 1 Introduction to statistics, Definitions, scope and limitations.pptx
SubashYadav14
 
Meaning and uses of statistics
Meaning and uses of statisticsMeaning and uses of statistics
Meaning and uses of statistics
RekhaChoudhary24
 
Lecture 1 PPT.pdf
Lecture 1 PPT.pdfLecture 1 PPT.pdf
Lecture 1 PPT.pdf
RAJKAMAL282
 
Lecture 1 PPT.ppt
Lecture 1 PPT.pptLecture 1 PPT.ppt
Lecture 1 PPT.ppt
RAJKAMAL282
 
Basic stat
Basic statBasic stat
Basic stat
kula jilo
 
Maths ppt
Maths pptMaths ppt

Similar to Introduction to statistics (20)

Business statistics review
Business statistics reviewBusiness statistics review
Business statistics review
 
Statistics Reference Book
Statistics Reference BookStatistics Reference Book
Statistics Reference Book
 
Probability and statistics
Probability and statisticsProbability and statistics
Probability and statistics
 
BBA 2ND SEM STATISTIC.pdf
BBA 2ND SEM STATISTIC.pdfBBA 2ND SEM STATISTIC.pdf
BBA 2ND SEM STATISTIC.pdf
 
Stats notes
Stats notesStats notes
Stats notes
 
Introduction of Statistics
Introduction of StatisticsIntroduction of Statistics
Introduction of Statistics
 
Business statistics what and why
Business statistics what and whyBusiness statistics what and why
Business statistics what and why
 
Statistics / Quantitative Techniques Study Material
Statistics / Quantitative Techniques Study MaterialStatistics / Quantitative Techniques Study Material
Statistics / Quantitative Techniques Study Material
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
 
Statistics an introduction (1)
Statistics  an introduction (1)Statistics  an introduction (1)
Statistics an introduction (1)
 
Introduction to Business Statistics
Introduction to Business StatisticsIntroduction to Business Statistics
Introduction to Business Statistics
 
Statistics assignment
Statistics assignmentStatistics assignment
Statistics assignment
 
probability and statistics-4.pdf
probability and statistics-4.pdfprobability and statistics-4.pdf
probability and statistics-4.pdf
 
Chapter 1 Introduction to statistics, Definitions, scope and limitations.pptx
Chapter 1 Introduction to statistics, Definitions, scope and limitations.pptxChapter 1 Introduction to statistics, Definitions, scope and limitations.pptx
Chapter 1 Introduction to statistics, Definitions, scope and limitations.pptx
 
Meaning and uses of statistics
Meaning and uses of statisticsMeaning and uses of statistics
Meaning and uses of statistics
 
Lecture 1 PPT.pdf
Lecture 1 PPT.pdfLecture 1 PPT.pdf
Lecture 1 PPT.pdf
 
Lecture 1 PPT.ppt
Lecture 1 PPT.pptLecture 1 PPT.ppt
Lecture 1 PPT.ppt
 
Basic stat
Basic statBasic stat
Basic stat
 
S4 pn
S4 pnS4 pn
S4 pn
 
Maths ppt
Maths pptMaths ppt
Maths ppt
 

Recently uploaded

Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
marketingjdass
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
Ben Wann
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
Safe PaaS
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
HajeJanKamps
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
HumanResourceDimensi1
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
Naaraayani Minerals Pvt.Ltd
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 

Recently uploaded (20)

Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 

Introduction to statistics

  • 2.
  • 4. SINGULAR SENSE “Statistics is the collection, classification, analysis and presentation of numerical data” -CROXTON AND COWDEN PLURAL SENSE “Statistics are numerical statements of facts in any department of enquiry placed in relation to each other” -BOWLEY
  • 5. Statistics means the various methods adopted for the collection, analysis and interpretation of the figures. Further, in singular sense ,The concept of statistics is described as statistical methods. The Statistical method is “A Telescope through which we can study a large terrain that would be accessible to our unaided Vision”.Thus it may be stated that statistics is a science of collection, presentation, analysis, and interpretation of data.
  • 6. It means a collection of numerical facts. It is in this sense that the public usually think of statistics as figures concerned with population or production of wheat in different years or number of man-hours lost in specific year. Secondary Statistics eg- percentages, averages and coefficients derived from numerical facts, are also included in the term “Statistics” in this sense.
  • 7. • Aggregates of Facts: Single height 5’6 or 6’0 is not statistics but a series relating to the height of a group of persons is called statistics. • Affected by multiplicity of causes: Statistics are affected by large number of factors. Ex: Prices are affected by conditions of demand, supply, money supply, imports, exports etc. • Numerically Expressed: Qualitative expressions like young, old, good, bad, etc are not recognized. so, a numerical value like 932 females per 1000 males in India and 1170 females per 1000 males in USSR.
  • 8. • Collected in a systematic Manner-For Accuracy and reliability of data, the figures should be collected in a systematic manner. • Collected for pre-determined purpose-Data should be collected with some pre determined purpose. Figures should be collected with some objective in mind.eg-if we want collect data on prices, then we must be clear whether we have to collect wholesale or retail prices. • Placed In relation to each other-collection of data is done with a motive to compare. Figures collected should be comparable Eg-It does not make any sense if we compare height of a person and rent he pays for his accommodation.
  • 9. • Collection of Data- It is the first step in statistical enquiry. The technique depends upon the objective of the study. They should be collected carefully so as to fulfill the basic objective of the purposed study. • Organization of Data- After collection, the data are organised in a proper form which involves editing(removing errors),classification(arranging) and tabulation(columns and rows).
  • 10. • Presentation of Data-Now the data is presented in a suitable manner- either by diagrams or graphs. • Analysis of Data- Analysis follows the presentation of data. simple mathematical techniques are applied in analysis. These include central tendency, measures of dispersion, correlation and regression etc. The main purpose of analysis is to draw some meaningful conclusions. •Interpretation- It is the last step in the statistical methodology. To derive meaning from analysed data is called interpretation of data. It involves statistical thinking, skill and experience. It provides final conclusions.
  • 11. SUBJECT –MATTER OF STATISTICS NATURE OF STATISTICS
  • 12. Descriptive Statistics: It deals with methods which help in estimating the characteristics of a population or making decisions concerning a population on the basis of the sample results. Sample and population are the two relative terms. A Population is treated as universe and a sample is fraction or segment of the universe.
  • 13. It means to describe the data and consists of the methods and techniques used in the collection, organisation, presentation and analysis of data in order to describe the various features and characteristics of such data. These can either be graphical or computational. In this, nothing can be inferred from the data nor can decision be made or conclusion drawn.
  • 14. The nature of statistics is to find out whether it is a science or Art. As a science, Statistics studies numerical data in a systematic manner and as an art, it makes use of the data to solve the problems of real life.
  • 15.  Expression of Facts in Numbers  Simple Presentation  Enlarges Individual Knowledge and Experience  It Compares Facts  It Facilitates Policy Formulation  It Helps Other Sciences in Testing their Laws  It Establishes Relationship between Facts- Statistics also establishes relationship between two or more than two facts.  Enlarges individual Knowledge & Experience.
  • 16.  Administrators  Economist  Buisness,Industry &Agriculture  Politicians  Social Reformer  Science & Research  Insurance Companies  Education
  • 17.  Study of Numerical facts only.  Study of Aggregates only.  Not the only Method.  Homogeneity of Data.  Results are true only on an Average.  Without reference result may prove wrong.  Can be Used only by Experts.  Misuse of Statistics is possible.