life is full of statistics So does it mean that all the activities in Life involves statistics or is it just a scale down versions of life activities? This question must be answered by most highly previledged people in human and social statistics.
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There are both advantages and disadvantages of data collection methods in statistics. The main advantages are the metrics and correlation one can draw from statistics. The disadvantages stem from sampling errors.
There are many advantages and disadvantages of variance in statistics. One disadvantage is that you never know what answer you'll get.
The advantages of using weighted averages are that it smooths out fluctuations due to statistical outliers. The disadvantage is that this gives a uniformity in the statistics and can make it difficult to project trends.
Descriptive statistics are very useful for showing and summarizing data when any complex models are nit needed. However, it does not explain the relationship between two or more pieces of data and it does not leave any room to explain randomness in the data.
There are two types of statistics. One is called descriptive statistics and the other is inferential statistics. Descriptive statistics is when you use numbers. Inferential statistics is when you draw conclusions or make predictions.