FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is correct regarding Statistics?
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Aggregate of facts
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Numerically expressed
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Affected by multiplicity of causes
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All of these
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Explanation:
Detailed explanation-1: -Statistics is the study and manipulation of data (facts & numbers), including ways to gather, review, analyze, and draw conclusions from data. It can be used to make better-informed business and investing decisions. Hence, option (d) is correct.
Detailed explanation-2: -It always reflects the actual cause and effect relationship between two variables, this is not true for statistics.
Detailed explanation-3: -Descriptive Statistics. In this type of statistics, the data is summarised through the given observations. Inferential Statistics. This type of statistics is used to interpret the meaning of Descriptive statistics. Statistics Example.
There is 1 question to complete.