Part 1 – 25 Marks Expected (Long Questions and Answers)
Part 2 – 55 Marks Expected (Practical Problems)
Part 3 – 20 Marks Expected (Multiple Choice and short answer type Questions)
Q.1. Define the term Statistics. What are its Characteristics? Mention its Functions and Limitations.
Ans: Statistics: The word Statistics seems to have been derived from the Latin word “status” or the Italian word Statista. All word means a political state. In early year “statistics” equipped a collection of facts about the people in the state for administration or political purpose.
A comprehensive definition was given by Prof. Horace Secrist, which is a follows: “By Statistics we mean aggregates of facts affected to a marked extent by multiplicity of causes, numerically expressed, enumerated or estimated according to a reasonable standards of accuracy, collected in a systematic manner for a predetermined purpose and placed in relation to each other.”
Characteristics of Statistics:
(i) Statistics are aggregates of facts. Single and isolated figures are not statistics because they cannot be compared.