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MERITS OF STATSTICS
- Presenting facts in a definite form
- Simplifying mass of figure- condensation into few significant figures
- Facilitating comparison
- Helping in formulating and testing of hypothesis and developing new theories.
- Helping in predictions.
- Helping in formulation of suitable policies.
- Does not deal with individual measurement.
- Deals only with quantities characteristics.
- Result is true only on an average.
- It is only one of the methods of studying a problem.
- Statistics can be measured. It requires skills to use it effectively, otherwise misinterpretation is possible
- It is only a tool or means to an end and not the end itself which has to be intelligently identified using this tool.
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What are the merits and demerits of index numbers in statistics?
merits and demerits of index number
What are the merits and demerits of central tendency?
The measures of central tendency are mean, median, and mode. The merits of mean are that it is easily calculated and easy to understands. Demerits are that it may be theoretical and cannot be used for qualitative date.
What criteria do you apply to judge the merits and demerits of an average?
Mean median mode
What are the merits of statistics?
statistics helps in gives a well understanding and correct explanation of a phenomenon of nature
Merit and demerits of histogram?
histogram has several merits. one is it is good graphical representation of scores for better understanding. it is basically used for comparing scores.
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