Merits and demerits of statistics

Answer 1

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.

LIMITATION OF STATSTICS

• 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.