FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following statement correctly specify the functions of statistics

Statistics facilitate comparison


Statistics helps in prediction


Statistics helps in the formulation of plans and policies


It statistics helps and condensing mass data into a few numerical measures such as meanvariance etc.

Explanation:
Detailed explanation1: The important functions of statistics are: Statistics helps in gathering information about the appropriate quantitative data. It depicts the complex data in graphical form, tabular form and in diagrammatic representation to understand it easily. It provides the exact description and a better understanding.
Detailed explanation2: The correct answer is a) The standard error is calculated solely from sample attributes. This is because the standard error can be computed from a knowledge of sample attributes – sample size and sample statistics.
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