Define Statistics

Q.1 Define ‘Statistics’ and give characteristics of ‘Statistics’.
Ans.: ‗Statistics‘ means numerical presentation of facts. Its meaning is divided
into two forms - in plural form and in singular form. In plural form,
‗Statistics‘ means a collection of numerical facts or data example price
statistics, agricultural statistics, production statistics, etc. In singular form,
the word means the statistical methods with the help of which collection,
analysis and interpretation of data are accomplished.
Characteristics of Statistics -
a) Aggregate of facts/data
b) Numerically expressed
c) Affected by different factors
d) Collected or estimated
e) Reasonable standard of accuracy
f) Predetermined purpose
g) Comparable
h) Systematic collection.