52477 Views

What are the main limitations of statistics ? Can these short comings be overcome ?


Kundan Kumar 23rd May, 2018
Answer (1)
Helsi Merulia 21st Jun, 2018

Thanks for query

The important limitations of statistics are:

(1) Statistics laws are true on average. Statistics are aggregates of facts, so a single observation is not a statistic. Statistics deal with groups and aggregates only.

2) Statistical methods are best applicable to quantitative data.

(3) Statistics cannot be applied to heterogeneous data.

(4) If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be misleading.

(5) Only a person who has an expert knowledge of statistics can handle statistical data efficiently.

(6) Some errors are possible in statistical decisions. In particular, inferential statistics involves certain errors. We do not know whether an error has been committed or not.



Related Questions

Admissions & Career Expo 'L.A...
Apply
50+ Institutes | 200+ Programs | ₹2000 cashback on Application fee | 100+ Scholarship | On-spot admission offer
India's Biggest Admissions & ...
Apply
Join and discover 200+ Non-BTech programs such as BSc., B.Com, B.A, Media, Journalism & more
Amity University,Noida BBA Ad...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Amity University, Noida B.Tec...
Apply
Asia's Only University with the Highest US & UK Accreditation
Lovely Professional Universit...
Apply
India's Largest University | 100% Placements Record | Highest CTC 3 Cr PA | Application End Date : 15th Jun'24
AIMS-ATMA 2024
Apply
National Level Entrance Test | Recognized by Over 200 Top B-Schools across India
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books